business
07 Dec 2023
--- L’Oréal plans to deepen its knowledge of microorganisms that live on the skin’s surface with the acquisition of Lactobio, a probiotic and microbiome research company based in Copenhagen....
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04 Dec 2023
--- Deliveroo introduces “Deliveroo Shopping,” an on-demand online retail service alongside its existing restaurant food and grocery offering. With personal care and cosmetics on offer, the platform will host a range...
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30 Nov 2023
--- Japan’s Marubeni Corporation finalizes a significant capital alliance agreement with Japanese cosmetics house Osaji. The trading and investment conglomerate plans to allocate approximately ¥1 billion (US$6.8...
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29 Nov 2023
--- MAV Beauty Brands has found a buyer amid financial challenges. After seeing its year-on-year Q2 profits nearly halved, the company won approval from the Ontario Superior Court of Justice to pave the way for Nexus Capital to...
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28 Nov 2023
--- Pierre Fabre joins forces with diagnostic device maker Chowis to launch Dermoprime, a diagnostic system utilizing AI to analyze the skin, hair and scalp through the “Here to Care” professional diagnostics...
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27 Nov 2023
--- US-based Botanic Hearth, a subsidiary of Mensa Brand Technologies, enters the Indian market with the launch of its e-commerce platform. The cosmeceutical brand introduces a range of cruelty-free, 100% natural and...
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24 Nov 2023
--- Alibaba ventures back into the Vietnamese market. This time, according to Deal Street Asia, with a minority investment in the cosmetics and beauty chain Hasaki. Alibaba is making the move through its arm, Alibaba...
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22 Nov 2023
--- Black Friday is famous for its blockbuster deals as consumers hunt for bargain-basement sales one day after Thanksgiving. Traditionally an American holiday, shoppers worldwide now embrace the Black Friday phenomenon....
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21 Nov 2023
--- Swiss-based Resveratrol maker Evolva finds a buyer in a family-owned business headquartered in Canada. Pending shareholder approval. Lallemand’s Swiss affiliate Danstar will acquire all of Evolva’s operations for...
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21 Nov 2023
--- Dermatology giant Galderma posts record net sales, crossing US$3 billion in the first three-quarters of the year and expecting to hit the higher end of its sales target for 2023. Net sales jumped 8.9% year-over-year in the...
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20 Nov 2023
--- The hunt for holiday deals has many consumers turning to Temu, a Chinese ultra-low-cost e-commerce platform that launched in the US about one year ago but has quickly become a dominant force in the world of bargain-basement...
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17 Nov 2023
--- This week, Beekman 1802 and Nestlé Toll House jointly unveiled a limited-edition goat milk body care collection for the holidays, capturing the nostalgic aromas of warm freshly baked goods. Eurofins Scientific...
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15 Nov 2023
--- Kimberly-Clark Professional has made a multimillion-dollar investment to expand the production of skin care products and strengthen its North American supply chain in response to increased demands in this space.
15 Nov 2023
--- Cosmetics company Natura &Co has agreed to sell The Body Shop to international private equity group Aurelius. The sale, valued at £207 million (US$258 million), aligns with Natura &Co’s commitment to...
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14 Nov 2023
--- DKSH, a provider of market expansion services, has entered into an exclusive partnership with Bionap, an Italian manufacturer of cosmetic ingredients, for operations in Germany, Austria and Switzerland. The Personal Care...
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13 Nov 2023
--- Shiseido has been hit with its most significant decline in 16 years as the Japanese cosmetics company revised its full-year profit outlook due to weakened demand from Chinese consumers. This downturn follows concerns...
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10 Nov 2023
--- Amid a slowly recovering global economic environment, Personal Care Insights rounds up the latest financial performances by specialty chemical providers Evonik and Azelis, and prestige fragrance company Inter Parfums and...
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08 Nov 2023
--- Element Eight, a US-based premium brand “bringing the advances of biomedicine to skin care” through its proprietary OATH: Oxygen Amplified Therapy, has closed US$6 million in funding in a SAFE round. The brand...
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06 Nov 2023
--- BASF and US-based technology start-up 3Helix Inc., have entered an innovation partnership on 3Helix’s proprietary Collagen Hybridizing Peptide (CHP) technology. The partnership involves an equity investment and...
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06 Nov 2023
--- In beauty industry financial news updates, ELF Beauty and Ashland have released their second quarter results and preliminary outlook for fiscal fourth-quarter performance, respectively. Among strategic moves to narrow focus...
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