Author: Zoe Efstathiou

Avon sells Liz Earle skincare brand to Walgreens Boots Alliance for £140m

Avon Products has sold natural skincare brand Liz Earle to Walgreens Boots Alliance for £140m. Having acquired Liz Earle in March 2010, Avon has managed the brand as a standalone business, separating it from the company’s core direct-selling operations. The divestiture will allow Avon to focus on its standalone operations, the company states. Avon Chief Executive Officer Sheri McCoy, said, “Avon remains committed to our strategic priorities, and we are focused on promoting our own skincare and broader beauty portfolio. It is important to ensure all areas of the business are well-positioned to deliver near-term contributions as well as long-term...

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Model applies Air Cushion in zero gravity,in IOPE’s latest advertising campaign

A model applies makeup in zero gravity conditions on board a plane plummeting to earth in Korean cosmetics brand IOPE’s latest advertising campaign. The advert has been viewed nearly four million times on YouTube since it went live last week. The extreme stunt involves a plane, which soars into the sky before plunging to earth for 30 seconds. It aims to demonstrate that IOPE’s Air Cushion, which the brand claims is the secret to Korean women’s smooth complexions, can be applied anywhere. The advert was created by Korean advertising agency Innored.  Owned by Amorepacific, it is estimated that one IOPE Air...

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Global rheology modifiers market expected to be worth US$5,600m by 2020

The global rheology modifiers market is expected to be worth US$5,600m by 2020, registering a compound annual growth rate of 3.3 percent over the next five years, according to a report published by US firm, Research and Markets.   Rheology modifiers also known as thickeners or flow control agents are used for modifying the viscosity of products such as cosmetics, paints, adhesives and pharmaceutical solutions.  Currently, the paints and coatings segment represents the largest application in the rheology modifiers market, accounting for more than one-third of the market. Yet, the cosmetics & personal care segment is projected to witness the highest CAGR of...

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German chemical company Merck aquires Isreali quantum materials firm Qlight Nanotech

Known for its high tech healthcare products, German chemical company Merck has revealed that it is due acquire a 100 percent controlling stake in Israel-based quantum materials company Qlight Nanotech. Merck plans to utilize Qlight Nanotech’s Jerusalem-based research hub, where the company’s team of top university researchers and scientists are currently based. Qlight Nanotech was founded in 2009 and has worked closely with Merck since the beginning in a joint research program supported by the Israeli Office of the Chief Scientist of the Israeli Ministry of Economy as part of its Multinational Company Cooperation Program. Merck has invested into...

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New industrial tax on cosmetics wholesalers in Brazil likely to push up retail price of products

A new industrial tax on cosmetics wholesalers and producers is due to come into effect in Brazil this month is likely to drive up the retail price of make-up, perfume and personal care products. Trade association Abihpec has warned that retail prices are likely to rise by as much as 12 percentage points above inflation, potentially leading to a decrease in sales. Abihpec President João Carlos Basílio warns of a 17 percent drop in sales of hygiene and beauty products this year.  Lower consumer spending on cosmetics could represent a serious setback for the country’s beauty industry, which is...

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