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Slightly in the red in Q1, Shiseido keeps growth targets unchanged - Premium Beauty News
Japanese high-end cosmetics giant Shiseido posted a small loss in the first quarter due to restructuring costs, but maintained its growth forecasts for 2024. The group’s net loss for the January-March period was 3.3 billion yen (-19.6 million euros at the current exchange rate), compared with a profit of 8.7 billion yen a year earlier, according to a press release published on Friday. Shiseido also recorded a small quarterly operating loss of 8.7 billion yen, due to exceptional charges...
Procter & Gamble harnesses the power of its brands for the Olympics - Premium Beauty News
The US-headquartered FMCG giant wants to take advantage of the Paris 2024 Olympic and Paralympic Games to shine the spotlight on its global brands. The group’s brands will be ubiquitous in the Athletes’ Village and will launch a series of marketing and retail activation campaigns, in addition to partnering with athletes. A Worldwide Partner of the International Olympic Committee (IOC) since 2010, with brands such has Always, Tide/Ariel, Gillette and Head & Shoulders, P&G wants to...
Avon continues to negatively impact Natura &Co’s profitability - Premium Beauty News
Avon’s poor results continue to drag down the profitability of the Brazilian cosmetics giant. Indeed, the group’s Q1-2024 losses widened due to falling sales at the Avon business. Natura &Co’s consolidated net revenue reached BRL 6.1 billion in Q1-24, up 1.1% vs Q1-23 in constant currency (CC) and down 5.7% year-on-year (YoY) in Brazilian Reais (BRL). Q1-24 reported net loss widened to BRL 935 million, compared to a net loss of BRL 652 million in Q1-23. Strong results in Natura Brazil...
L’Oréal China partners with Hai Robotics to automate its new Fulfillment Center - Premium Beauty News
L’Oréal has inaugurated its first SMART Fulfillment Center in Suzhou, China. The center will be a key hub in L’Oréal’s handling of D2C and B2B orders in Mainland China. It will allow the company to better support its commercial clients consisting of e-commerce platforms, offline retailers, as well as beauty salons. Located inside Suzhou Industrial Park, on an area of 46,000 square meters, this fulfillment center is automated with Hai Robotics’ essential goods-to-person solution, HaiPick...
US beauty sales slow in Q1-2024 but continue to grow, Circana reports - Premium Beauty News
The U.S. beauty market remains dynamic. Despite a slowdown in the first quarter of 2024, sales within the prestige channels increased by 9% while sales in mass market were up 2%, according to Circana. “The slowdown in growth that we are seeing in the beauty industry is a reflection of an industry stabilizing after strong double-digit performance for the past two years,” said Larissa Jensen, Global Beauty Industry Advisor at Circana. “But we should not underestimate it’s strength, as sales...
Since Brexit, London has lost some of its shine as a shopping destination - Premium Beauty News
Buoyed by big names in fashion such as Vivienne Westwood and Stella McCartney, London has nevertheless fallen out of favour with overseas visitors looking to combine a getaway with shopping. The removal of tax-free shopping after Brexit would be responsible. Whether it’s a stroll through the designer boutiques of Regent Street, a trip to Harrods for an iconic shopping experience, or browsing in Covent Garden or Camden Market, London has long been known as a shopping hotspot. But since the...
MakeUp in Paris 2024: innovation and sustainability at the agenda! - Premium Beauty News
The next edition of MakeUp in Paris will be held on May 29 and 30 in the elegant and intimate setting of the Carrousel du Louvre. The two-day event will feature: numerous innovations showcased by some 150 exhibitors [1]; a new edition of the IT Awards; a brand new Conscious Beauty zone; the Beauty Tank Challenge; an exhibition of historical beauty objects, a conference workshop; and a series of conferences. The next edition of MakeUp in Paris, on May 29 and 30, 2024 at the Carrousel du...
Stoelzle creates and decorates Charlotte Tilbury’s perfume bottles (Puig) - Premium Beauty News
Inspired by the six senses, Charlotte Tilbury’s new fragrance collection is infused with emotion-boosting molecules. The line includes six scents – Love Frequency, Magic Energy, Calm Bliss, More Sex, Cosmic Power, and Joyphoria – created with IFF perfumers Anne Flipo, Juliette Karagueuzoglou, and Dominique Ropion. Barcelona’s headquartered Puig Group entrusted Stoelzle for the production and decoration of the 100 ml glass bottles. Double UV hot stamping The design of the bottles was...
in-cosmetics Global 2024 wraps up biggest exhibitor event yet - Premium Beauty News
The trade show dedicated to personal care ingredients closed its doors on Thursday, 18 April after experts from across the globe converged in Paris to explore the latest advancements in cosmetic formulation. The event saw attendance peak as it returned to the Porte de Versailles Expo with almost 12,400 visitors and over 1,000 exhibitors – an increase of 14.8% and 13.1% on 2023, respectively. International visitors travelled to the French capital from over 117 countries. This year again,...
Beauty industry veteran Shannaz Schopfer launches The Beauty Architects - Premium Beauty News
With the global beauty landscape thriving on creativity and innovation, Shannaz Schopfer wants to help brands and manufacturers navigate the path to international success. Today, the industry veteran unveils The Beauty Architects, a comprehensive agency designed to empower both parties and pave the way for shared success. Schopfer brings over three decades of experience and a proven track record in international business, product development, and strategic marketing to The Beauty...
MakeUp in Paris: innovation and sustainability at the agenda of the 2024 edition - Premium Beauty News
The next edition of MakeUp in Paris will be held on May 29 and 30 in the elegant and intimate setting of the Carrousel du Louvre. The two-day event will feature: numerous innovations showcased by some 150 exhibitors [1]; a new edition of the IT Awards; a brand new Conscious Beauty zone; the Beauty Tank Challenge; an exhibition of historical beauty objects, a conference workshop; and a series of conferences. The next edition of MakeUp in Paris, on May 29 and 30, 2024 at the Carrousel du...
Fragrance Analyst (AE618668) - Premium Beauty News
Arthur Edward Salary: £50-65,000 Are you looking to sniff out a new GCMS Analyst role? Are you experienced in fragrance matching across different product categories? Join a fast growing, dynamic fragrance company in the analytical department, using GCMS to analyse and match a variety of market products and fragrance concentrates. Proficient in the use of GCMS techniques, you are familiar with analytical software, including MassHunter and Chemstation. You will be responsible for...
Business Development Director (AE602113) - Premium Beauty News
Arthur Edward Salary: $150-200,000 + generous commission Are you an unstoppable force in business development, ready for something new? Do you have the drive and the contacts to lead a global supplier into the cosmetics industry? A well-established supplier of raw materials and ingredients to some of the world’s largest companies needs a Business Development professional to propel the business forward. Alongside their food, nutrition and pharmaceutical divisions, the company is...
Enio Bonchev commits to sustainable sourcing of the Bulgarian damascena rose - Premium Beauty News
A leading Bulgarian producer of rose and lavender essential oils, Enio Bonchev draws on more than a century-old history and a renewed commitment to sustainability. The company will participate in the next World Perfumery Congress (WPC) in Geneva, within the Naturals Corner. The first Enio Bonchev distillery was built in 1909, in the village of Tarnichene, in the heart of the Bulgaria’s Rose Valley. The small Balkan village remains the country’s main production centre of the essential oils...
Content Creator (AE627413) - Premium Beauty News
Arthur Edward Salary: £35-45,000 Are you a photo and video pro with beauty styling expertise? Can you craft engaging, entertaining, informative content, tailored by social media platform? Bring your technical and creative talents to a rapidly-growing beauty brand with a loyal following around the world. In this exciting role, you’ll spearhead the creation of native social media content, from first concept to finishing touch. Key responsibilities: – Create captivating social media...
R&I Technical Lead, Powders (AE590805) - Premium Beauty News
Arthur Edward Salary: CA$100-120,000 + relocation support Do you love consumer insights, technical breakthroughs and compelling product stories? Are you ready to make a move forward in your career and location? A global leader in colour cosmetic and personal care product development and manufacturing is seeking an experienced Technical Lead to join their cosmetic powders lab. The Research & Innovation Technical Lead will drive the company’s product pipeline and competitive...
Sabinsa showcases natural ingredients for skin and hair at NYSCC Suppliers Day - Premium Beauty News
The US-headquartered manufacturer of herbal extracts, probiotics, and specialty chemicals for the cosmetics and nutraceuticals markets has showcased a series of new skin and hair care ingredients at the New York Society of Cosmetic Chemists (NYSCC) Suppliers Day at the Jacob Javits Center in New York May 01-02, 2024. More specifically, Sabinsa highlighted its newest skin care product is Babchiol (Bakuchiol 99%) a natural active extracted from the plant Psoralea corylifolia. This...
Geka launches a recycled PP compatible with cosmetic formulations - Premium Beauty News
The manufacturer of beauty packaging recently launched a post-consumer-recycled (PCR) polypropylene (PP) that is food compliant and suitable for components in contact with cosmetic bulk. According to Geka, it saves 75% CO2-emissions compared to virgin materials. At Cosmoprof Worldwide Bologna, the medmix’s beauty brand has introduced the first ever bulk and formulation compliant post-consumer-recycled (PCR) polypropylene (PP) material suitable for primary cosmetic packaging such as mascara...
French start-up Mono Skincare relaunches its water-soluble and natural products - Premium Beauty News
Launched in 2022, Mono Skincare offers high-end, water-soluble skincare products. In order to fully meet market requirements, the original concept, patented in 35 countries, required additional R&D work. Fully reformulated with prebiotics, and still 100% natural, the brand founded by Laurie Mias is now entering the French market with six moisturizing and anti-ageing products. In 2022, following on from the wave of solid, anhydrous cosmetics, Mono Skincare transposed this approach to...
Henry Rose appoints ex-LVMH Laure de Metz as CEO to accelerate growth - Premium Beauty News
Henry Rose, a genderless clean fragrance indie brand founded by Hollywood actress Michelle Pfeiffer, has appointed Laure de Metz as its Chief Executive Officer. Since launching as a direct-to-consumer brand in 2019, Henry Rose has experienced exponential growth under the leadership of Debi Theis, who will continue in her current role as President. “This strategic CEO hire will further accelerate the brand’s momentum, building upon its strong foundation and driving greater global awareness for...
Eurofragance strengthens Indian footprint with a new Creative Center in Mumbai - Premium Beauty News
The Spanish fragrance house continues its global expansion by inaugurating a new Creative Center based in Mumbai, India, aimed at strengthening its presence in the fast-growing country with a deeply rooted fragrance culture and a fast expanding middle-class with a growing purchasing power. According to Eurofragance, this fast-growing market in fragrances fuels demand for premium products and innovative solutions. “We recognize the tremendous opportunity presented by India’s thriving market....
Genetic resources: UN accord aimed at battling the ’biopirates’ - Premium Beauty News
After more than 20 years of talks, the United Nations wants to finalise an international agreement this month on combating so-called biopiracy. Their solution is to bring more transparency to the patenting of the traditional knowledge surrounding genetic resources. The new text should boost the implementation of the Nagoya Protocol. The World Intellectual Property Organization (WIPO), the UN agency dealing with IP and innovation, wants to get such knowledge protected from exploitation....
Expanscience introduces Gaïaline, a skin... and soil regenerator! - Premium Beauty News
The new eco-friendly active developed by Laboratoires Expanscience is based on the regenerative cultivation of lin. Obtained using a green process, it is designed to protect, regenerate, and strengthen the skin and hair against daily aggressions. But that is not all: the way it is grown is also good for the soil and biodiversity. Its name is inspired by Gaia, the Greek goddess symbolising Mother Earth because, for this active, Expanscience has chosen to go beyond naturalness by making a...
Shane Wolf appointed as President of Aveda and Bumble and bumble - Premium Beauty News
The Estée Lauder Companies has announced that Shane Wolf has been appointed President, Global Brands, Aveda and Bumble and bumble, effective July 1, 2024. A well-known leader in hair care, Wolf will report to Jane Hertzmark Hudis, Executive Group President, and join the company’s Executive Leadership Team. The group said Shane Wolf’s extensive expertise will help to accelerate its growth ambitions in the global hair care category. Bringing more than 25 years of hair care experience across...
Coty inks deal with German model Lena Gercke to produce first LeGer fragrance - Premium Beauty News
Coty continues to actively expand its portfolio of fragrance licenses. The global beauty company has entered into a long-term license agreement with German model and television host Lena Gercke to develop, produce, and distribute LeGer’s debut fragrance. “Lena’s fashion brand LeGer is one of the fastest growing personal fashion labels in Germany, creating unique yet timeless pieces that empower women through fashion. Together, we are excited to work with Lena in building her presence in the...
As Xi Jinping visits France, luxury brands seek to overcome trade tensions - Premium Beauty News
The rise in trade tensions between the European Union and China worries luxury brands who fear being the target of retaliatory measures. China is the world’s biggest spender in the luxury sector, accounting for half of global sales. But as its post-pandemic recovery falters, consumption has flagged. For years, wealthy Chinese tourists had travelled to Europe to shop at its boutiques, but when the Covid-19 pandemic struck, the country introduced draconian restrictions that stopped them from...
The Estée Lauder Companies expects annual sales drop, despite Asia recovery - Premium Beauty News
The US-based beauty giant has published results exceeding analysts’ expectations in the third quarter of its 2024 fiscal year. However, the group maintained annual sales drop expectations despite return to growth in Asia. The Estée Lauder Companies reported net sales of USD 3.94 billion for its third quarter ended March 31, 2024, an increase of 5% from USD 3.75 billion in the prior-year period. On a comparable basis, net earnings per common share increased to USD .97, compared to USD .47...
Arcade Beauty unveils new eco-friendly packaging and sampling solutions - Premium Beauty News
Arcade Beauty continues its journey towards creating ever more sustainable solutions to support the needs of the beauty industry. In line with their commitment to reduce the environmental footprint of packaging and sampling solutions, the provider of end-to-end solutions has unveiled a series of new eco-friendly technologies.
Monadnock Paper Mills appoints Chloe Jones as new director of marketing - Premium Beauty News
Monadnock Paper Mills has announced the appointment of Chloe Jones as the new Director of Marketing and Communications. Chloe brings an entrepreneurial spirit and a nearly three-decades-long background in marketing to her new role. In addition to a successful 17-year tenure as a company founder, Chloe’s expertise spans healthcare, banking, manufacturing, non-profits, and higher education, deepening her understanding of marketing dynamics across various industries. Over the course of her...
"Flair boasts around fifty launches a year," Anne-Sophie Behaghel - Premium Beauty News
Founded in 2012, Flair is one of the first independent laboratories dedicated to niche perfumery. Led by a female team, the studio currently develops around fifty launches a year. Anne-Sophie Behaghel reviews more than a decade of creation for Premium Beauty News. Premium Beauty News - Flair celebrated its tenth anniversary in 2012. How did the idea of a creative studio dedicated to niche perfumery come about? Anne-Sophie Behaghel - When we founded Flair in 2012, with Amélie Bourgeois...
Clariant’s CycloRetin: a plant-based alternative to retinol and bakuchiol - Premium Beauty News
A hero ingredient in many anti-ageing cosmetics since the 1970s, retinol seems increasingly out of fashion. Known to be irritating, it also suffers from a synthetic origin which is no longer up to date. As a result, ingredient suppliers — from Codif to Mibelle, including Givaudan Active Beauty — have started a race for plant-based or biotechnological alternatives. At the in-cosmetics 2024 show, Clariant entered the competition with CycloRetin, a cyclo-peptide extracted from Pseudostellaria...
Luxe Pack prepares to open most dynamic East Coast edition in New York - Premium Beauty News
Luxe Pack New York 2024 will be offering the luxury packaging industry its most expansive selection of primary and secondary suppliers ever. Staying true to its successful model of quality, this year’s show floor will be the stage to over 200 packaging experts worldwide. The entire event has been designed to offer the over 5,000 in expected attendance with the latest advancements in luxury consumer product packaging. In addition to the over 200 packaging suppliers, the 2 day event, which...
In Laos, Agroforex acts to preserve precious fragrance ingredients - Premium Beauty News
As key pieces of a perfumer’s palette, benzoin and agarwood come from sensitive natural resources, and their protection has become a major issue, both for the local communities who depend on them and for manufacturers. This is one of the missions that Agroforex Company has set itself in Laos. The company will be present at the next World Perfumery Congress (WPC) in Geneva. “We face a wide variety of challenges, which exacerbates our responsibility to maintain our commitments over time,...
Lessonia: A plant-based emulsi-gelling agent for silicone-like feeling - Premium Beauty News
At in-cosmetics Global 2024, in Paris, the French manufacturer launched a new plant-based natural emulsi-gelling agent that is claimed ideal to formulate gel cream with silicone-like feeling. It offers a natural alternative to acrylate-based emulsifiers. This fully natural plant extract named Alter-Emulgel is ideal to formulate emulsion (oil / water) with the texture and feeling of a gel cream. When used at 1.3%, no co-emulsifier is needed. Depending on the oil percentage used, the...
Bella Hadid breaks into the beauty business with alcohol-free skin parfum - Premium Beauty News
Model and activist Bella Khair Hadid has just revealed the launch of ‘Ôrəbella (pronounced ’aura-bella’), a skin-moisturizing fragrance line. Developed in partnership with Celebrands, the new collection debuting on line and in Ulta Beauty stores across the U.S this May. Marketed as a new beauty category set to blur the lines between skincare products and fragrances, the ’Ôrəbella line of alcohol-free hydrating parfum features essential oils and clean ingredients made to infuse with and...
Eurofragance’s sales increased by more than 20% in 2023 - Premium Beauty News
The Barcelona-headquartered fragrance maker closed 2023 with sales of EUR 146 million, up more than 20% over 2022 on a like-for-like basis. All categories — fine fragrance, personal care, air care and home care — and all regions where the company operates experienced healthy growth. Strong growth was achieved in top countries such as the UAE, Saudi Arabia and Europe, which helped Eurofragance successfully reach its 2023 targets. India and Indonesia also contributed to these positive results....
L’Oréal’s David Greenberg elected as new board chair of PCPC - Premium Beauty News
The Personal Care Products Council (PCPC) has elected David Greenberg, CEO of L’Oréal USA and President of the North America Zone, as its new board chair, effective May 1, 2024. “David is a visionary industry leader whose profound understanding of the beauty landscape and his commitment to innovation has driven substantial growth in every role he has held,” said PCPC President and CEO Tom Myers. “His transformative strategies, coupled with a strong focus on consumer-centricity and people...
US consumer confidence at lowest level since 2022: survey - Premium Beauty News
US consumers appear less optimistic about the jobs market and more worried about future financial conditions, bringing a closely watched confidence metric to its lowest level since July 2022, a survey showed Tuesday. The consumer confidence index fell to 97.0 in April, said The Conference Board, significantly below the 104.0 reading that analysts anticipated. This marks the third straight month consumer confidence has worsened, the report said, and comes as President Joe Biden struggles...