Chanel has unveiled the latest fruits of its research into microfluidics with the launch of a new skin care treatment, the first to contain camellia micro-droplets.

Symrise has smashed its target for 2016, announcing an impressive 12 percent increase in sales for the year to €2,903.2 million (reported currencies). Earnings were up 9 percent to €625.2 million, with an EBITAN margin of 21.5 percent.

Some 250 employees are set to lose their jobs as Coty moves production of Max Factor cosmetics from Ireland to England, according to a report published by The Irish Times.

The Korea Times reported on Friday that Chinese officials had suspended production at LG Household & Health Care’s Hangzhou cosmetic plant for one month, attributing the halt in operation to the escalating row over South Korea’s decision to deploy a US anti-missile system.

The parent company of Spanish luxury fragrance firm Puig, Exea has acquired a majority stake in Greek natural cosmetics company Apivita for an undisclosed sum, according to various reports.

Absorption Pharmaceuticals has filed a lawsuit in the Federal District Court of Nevada alleging that Reckitt Benckiser engaged in a ‘sham acquisition’ to steal proprietary information, and used that intel to bring to market its K-Y Duration product.

Revlon has appointed Serge Jureidini President, Elizabeth Arden & Fragrances. Jureidini will report directly to Fabian Garcia, President & CEO, Revlon.

Evonik has announced the acquisition of Hamburg-based Dr Straetmans, a specialist in alternative preservative systems for cosmetic products. Terms of the deal were not disclosed, but the transaction is expected to complete in the first half of the year.

Alibaba-owned Alipay has expanded the number of stores and restaurants that accept the mobile payment app tenfold in the space of three months, bringing the total to 2,000, according to a report published by South China Morning Post.

Johnson & Johnson named the winners of its first Africa Innovation Challenge at the Global Entrepreneurship Congress yesterday. The initiative, which received nearly 500 submissions from innovators across the continent, challenged entrepreneurs to come up with sustainable health solutions to benefit African communities.

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