Author: Georgina Caldwell

More record results as Shiseido posts ‘all-time high’ profit and sales

Shiseido has joined the record-breakers club; the Japanese cosmetics maker posted record-breaking results for fiscal 2018 with net sales, operating profit and net profit all reaching all-time highs. Indeed, net sales rose 8.8 percent year on year in local currency to ¥1,094.8 billion with prestige brands singled out as the main growth driver (up 16 percent). In terms of channels, travel retail delivered a strong performance, with sales growing 40 percent in local currency. On a regional level, the Americas territory returned to growth while Chinese sales swelled 32.3 percent. “In the China business, the strong performance of prestige...

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Croda announces support for Panama Beauty Project

Croda is taking part in an initiative designed to change the lives of women and children in Panama. The Panama Beauty Project, which runs from February 8 through 13 is a cross-industry program to provide services and education on personal care development, hygiene and wellness technology. Croda’s contribution comprises innovative texture formulations for hair masks, moisturising creams and a hand wash as well as sponsorship of the event. Over the six days, sponsors and volunteers will provide practical demonstrations at the Centre for Panamanian Women, which works to improve the quality of life of low-income women in indigenous areas....

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January bites but L Brands ekes out 3 percent growth for final quarter and full year

Bath & Body Works-owner L Brands has announced its results for the final quarter and fiscal year ended February 2, 2019. The company behind Victoria’s Secret saw sales drop in the final month of the financial year, with comparable sales for the four weeks ended February 2 down 1 percent compared to the same period in 2018. Despite the January lull, L Brands reported a 3 percent uplift in sales for the final quarter of fiscal 2018, with sales reaching US$4.852 billion, representing a 3 percent rise on the previous year. For the full year, sales stood at US$13.237...

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Edgewell Personal Care names Rod Little as President and CEO

Edgewell Personal Care has announced the appointment of Rod Little as President and CEO, effective March 1. Little succeeds David Hatfield who will retire on the same date, continuing to serve as a Director on the Edgewell Board until May 1 to ensure a smooth transition. Little joined Edgewell in March last year as CFO. Prior to that he held a number of prominent roles within the beauty industry including EVP and CFO of Elizabeth Arden and CFO for Procter & Gamble’s global salon professional division. Edgewell is currently on the hunt for a new Chief Financial Officer. “I...

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Best sales growth in more than a decade: China is a highlight as L’Oréal posts record-breaking results

L’Oréal has announced its results for FY fiscal 2018, revealing that it enjoyed its best sales growth in more than 10 years over the last financial year. The French beauty giant saw sales grow 7.1 percent (like-for-like) to €26.9 billion. L’Oréal also smashed its operating margin record, with operating profit reaching €4.92 billion or  18.3 percent of sales. Net profit was up 8.8 percent to €3.89 billion. “In a beauty market that accelerated significantly in 2018, L’Oréal marked its best year of growth since 2007, at 7.1 percent, following a strong fourth-quarter increase of 7.7 percent,” said Jean-Paul Agon,...

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