Author: Louise Prance-Miles

L’Oreal India COO quits to start new venture

Dinesh Dayal is set to leave his post of Chief Operating Officer for L’Oreal India in order to start his own advisory venture, the company said in a statement. Dayal has worked at the cosmetics giant for over 30 years and has been instrumental in launching brands such as Garnier and L’Oreal Paris Excellence crème in India. During his time at the company Dayal worked in the French and Asian markets and was a vital cog in setting up operations in India. He was also vital to the recent acquisition of Cheryl’s Cosmeceuticals – a professional skin care brand...

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Muji to launch into single brand retail segment with cosmetic sales

Japanese household goods chain Ryohin Keikaku Co Ltd (Muji) has proposed a move into single brand retail which will involve the sales of cosmetics and has filed an application with the department of industrial policy and promotion. Muji, which has 700 stores across Japan, Asia, Europe, the US and Australia, has proposed to “manufacture and sell various garments, furniture, household goods, cosmetics, stationery and other Muji brands” according to the application. Ryohin Keikaku announced a joint venture with Reliance Brands earlier this year to open standalone stores that will sell a range of products such as beauty products, clothing...

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South African cosmetics company eyes Ghana as expansion potential

Gautang-based cosmetics company Yivani Ezi Ndaba Trading is focusing on Ghana, Nigeria for potential export opportunities through the Department of Trade and Industry (dti)’s Outward Selling and Investment Mission (OSIM) to Ghana and Nigeria scheme, which runs until Friday.   The company showcased its products in the country earlier this year and is keen to further capitalise on this market. Ntshantsha Majambozi, Chief Executive Officer of Yivani Ezi Ndaba Trading, said, “Yivani’s vision has always been to create a footprint outside South Africa, hence the focus on the use of South African indigenous oils as this will give us a...

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Toothpaste becomes new fashion item

Thanks to fashion-savvy packaging Little Dome toothpaste is making waves in the cosmetics world. The toothpaste uses plant essential oils and comes wrapped in a colourful can. The paste was designed by Egg Endless Biotech Ltd which is based in China, and has achieved great success since its launch, gaining RMB 20 million in investment before arriving on the market. With the production led by Yang Lei, an entrepreneur in the ‘90s, the fashion-led paste has been designed to move past the basic function of brushing your teeth and is said to be a way for consumers to express...

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Estee Lauder reports lower than expected quarterly sales

Beauty behemoth Estee Lauder has reported net sales of $2.52 billion, compared with $2.73 billion in the prior-year period, for the three months ended June 30, 2015. However, the company has stated that this included the effect of the accelerated retailer orders, which created an unfavourable comparison with the fiscal 2015 fourth-quarter results. The shortfall also looks to be affected by weakening demand for Clinique and Estee Lauder skin care products, with the company’s skin care division falling by 16 per cent to $1.01 billion in the fourth quarter. Estee Lauder is said to be focussing on youth-oriented brands...

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