M.A.C Cosmetics opens in Nigeria
M.A.C Cosmetics (Estée Lauder group) has opened its first store in Nigeria and is looking to continue the trend with further openings across the continent.
Beauty
Avon reports fourth-quarter loss but sells more items
Avon reported a better-than-expected quarterly profit on Tuesday as the beauty company sold more items, lined up more sales representatives and cut marketing and personnel costs.
L'Oréal to buy back shares after sales rise
L'Oréal unveiled plans to spend about a third of its net cash, or 500 million euros, on buying back shares as it reported a small rebound in fourth-quarter sales.
Estée Lauder 2nd quarter profit rises on U.S. strength
Estée Lauderreported higher quarterly sales and profit on Tuesday and reaffirmed its full-year forecast for sales growth, pointing to strong U.S. demand, which is helping counteract weak...
L'Oreal Paris webstore set for spring launch in France
Cosmetics giant L'Oreal's will start selling L'Oreal Paris products on the Internet in France from March, the first time the mid-range brand will be available for online purchase in the...
Elizabeth Arden cuts forecast as shares slump 20 percent
Cosmetics maker Elizabeth Arden cut its full-year forecast after reporting lower-than-expected quarterly results due to what it called a "major mass retail account" during the holiday...
Organix Hair Care looking for buyers
Organix Hair Care, a maker of haircare products, is up for sale in a deal that could be worth $800 million or more, according to three sources familiar with the matter.
Nivea maker Beiersdorf says hit profit targets in 2012
German cosmetics group Beiersdorf, maker of Nivea hand cream, said Thursday it was satisfied with business in 2012 when it met both its sales and earnings targets."On the whole, we are...
Unilever reports 5% profit rise to 4.48 billion euros
Food and cosmetics giant Unilever reported Wednesday annual net profits up 5.0 percent on 2011 to 4.48 billion euros, with turnover hitting 50 billion euros for the first time.
Douglas says Christmas sales fell short of its hopes
German retailer Douglas said Christmas sales fell short of its expectations as it posted a 31 percent drop in annual operating profit, hit by weakness at its books division.
Li & Fung buys cosmetics group Lornamead
Hong Kong sourcing giant Li & Fung has acquired cosmetics group Lornamead, which currently distributes 20 American, English and German brands in 60 countries.
Alber Elbaz and Lancôme to launch make-up collection
Alber Elbaz will launch his first make-up collection on 15 June this year in collaboration with beauty giant Lancôme.
L'Oréal aims to earn $1.3 billion in sales in India by 2020
L'Oreal, the world's biggest cosmetics group, plans to quadruple sales over the next seven years in India, the fastest-growing beauty market in the world.
Natura fall as Brazil tax watchdog imposes fines
Shares of miner MMX Mineração SA and cosmetics producer Natura SA tumbled on Tuesday after Brazil's tax watchdog unexpectedly fined them a combined 4.39 billion reais ($2.16 billion).
Estée Lauder launches new brand aimed at Asian markets
Osiao is the name of Estée Lauder's latest creation - a new brand specially designed and aimed at the Asian market.
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