The Executive Director, Finance and IT and CFO of Hindustan Unilever, P B Balaji has tendered his resignation from his role and the board, according to a report published by The Economic Times.
Shiseido has upped its net profit forecast for the 2017 financial year, according to a report published by Nikkei Asian Review. The news came as the Japanese cosmetics manufacturer reported a record operating profit for the first six months of the year, up 74 percent to ¥34.6 billion.
South Korean company Tonymoly has acquired a 47.6 percent stake in preparations maker Tai Guk Pharma in a purchase which will make it the company’s largest stakeholder.
Mumbai-based consumer products company Marico has acquired South African hair care brand Isoplus, which will consolidate the company’s ethnic hair care portfolio in the country.
LG Household & Health Care has reported a 3.1 percent operating profit rise for the 2017 Q2 April to June period, a rise that has helped it see off competitor AmorePacific.
L’Occitane has reported its results for three months ended June 30, 2017. The French natural beauty company, which is listed in Hong Kong, revealed revenue growth of 4.1 percent for the three months to June, to reach €279.5 million.
AmorePacific has reported plummeting profits for the second quarter of the financial year as tensions between China and South Korea continue to escalate, according to a report published by The Financial Times.
Unilever is planning to grow sales across Asia with a two-pronged approach that should see the Anglo-Dutch FMCG giant cater for both low-income and middle-class shoppers, according to a report published by the Nikkei Asian Review.
Azelis has announced that it has agreed to fully acquire Chemcolour, Australia and New Zealand’s leading supplier of specialty chemicals and food ingredients. Under the deal, all 90 Chemcolour employees will transfer to Azelis.
After a review lasting two-months which saw several leading agencies pitch for the account, Maxus has announced that it has prevailed, and can still count L’Oréal India among its clients, according to a report published by LiveMint.