Avon Products Inc on Tuesday reported a better-than-expected first-quarter profit in the latest sign the beauty products company's business continues to improve, helped by higher sales in key markets Brazil and Russia and cost cuts.
Shiseido said on Wednesday it would write down its $1.9 billion acquisition of U.S. cosmetics firm Bare Escentuals due to disappointing sales, pushing the Japanese cosmetics giant to its first net loss in eight years.
Sales at fragrance and flavour maker Givaudan SA rose less than expected in the first quarter as demand fell in Europe and North America for its fine fragrances used in perfumes.Sales increased 3.9 percent on a like-for-like basis to 1.
With a possible 250 million new Chinese customers expected to use the brand in the next 10 years, L'Oréal is focusing on growth. The group's luxury division is focusing on creating products that meet the requirements of Asian customers.
Cosmetics billionaire Leonard Lauder has given New York's Metropolitan Museum of Art an astonishing, no-strings-attached collection of Cubist art that he assembled over four decades, the museum announced Tuesday.
Beauté Prestige International has become the sole distributor of Burberry beauty and fragrance in the United States, France and Spain. Burberry recently ended its licensing contract with Inter Parfums.