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Economic Slowdown Fails To Dampen Demand For Beauty Products In China

In China, 65 percent of consumers say they increased their spending on facial skincare products in 2015 than they did in 2014, according to Mintel. Data from the market research firm's report “Beauty Retailing China 2016” revealed 52 percent of consumers say they are buying more beauty supplements, while 46 percent said they buy more color cosmetics. During the years 2014 and 2015, total retail sales of cosmetics in the country grew 12.3 percent to RMB 204.9 billion. Mintel predicts the market will maintain its strong growth to reach RMB 338 billion by 2020, driven by the high demand for skincare products.

"Spending on beauty up in China, despite cooling economy", Cosmetics Design , July 27, 2016

Sephora Relocates, Reopens Singapore Flagship Store

Beauty retailer Sephora reopened its Singapore flagship store in ION Orchard’s Basement 2 after relocating from the ground floor. Among the company’s top 10 stores worldwide in terms of revenue, the flagship store highlights Sephora’s commitment to the retail market in Singapore and across Southeast Asia. Sephora operates both brick-and-mortar and online stores in the Asia-Pacific region, including in Thailand, Malaysia, and India. Its online store, Luxola, which the company rebranded Sephora, allows the company to operate in markets where it does not have a physical store, such as Hong Kong, the Philippines, and New Zealand.

"Sephora remains upbeat about Singapore retail sector", Asiaone, July 25, 2016

Beauty Boost Announces Fragrance-Locking Product

Beauty Boost Inc. announced FragranceLock, a fragrance finishing spray designed to make fragrances last longer by slowing down their natural evaporation cycle. Results of tests conducted by the company revealed FragranceLock makes perfumes last for up to 12 hours longer. Unlike the usual process of layering fragrance with products with same scents, FragranceLock can be used with all fragrances. Daughter-and-mother entrepreneurs Josephine Sullivan and Francine Gingras developed the product because they believe perfumes should last longer than they usually do. FragranceLock will launch exclusively on HSN on July 27, 2016.

"A New Beauty Category Emerges With The Launch of FragranceLock™", PR Newswire, July 25, 2016

China's Beauty Retail Market Forecast To Grow To $50 Billion By 2020, Mintel Says

China's beauty retail market is forecast to grow to 338 billion yuan, or $50 billion, in value by 2020, according to Mintel. Data from the market research firm revealed demand for skincare products is driving growth in the market. Mintel said 65 percent of consumers spent more on facial skincare in 2015 than in 2014. Growth continued despite the slowdown in consumer purchases during the three-month period ending October 2015, Mintel said.

"Chinese beauty retail market predicted to reach $50bn", Inside Retail Asia, July 22, 2016

Procter & Gamble Launches Online Magazine For Women Of Certain Age

Procter & Gamble Co. launched London-based Victoria.co.uk, an online magazine for women 50 years or older. Part of the company's efforts to promote its brands in Europe, the online magazine offers discounts and samples of P&G products for women who register to subscribe. In addition to allowing subscribers to post comments about articles, review products, and buy online, the magazine features content produced by five leading women journalists. These include former London Telegraph Magazine fashion features director Tamsin Blanchard, former London Mail on Sunday relationship columnist Zelda West-Meads, and health and nutrition writer Patsy Westcott.

"Here's why P&G just launched online magazine for women over 50", bizjournals.com, July 22, 2016

L'Oreal Signs Definitive Agreement To Buy IT Cosmetics

L'Oreal said it has agreed to acquire IT Cosmetics for a cash-purchase price of $1.2 billion. Established in 2008 by Jamie Kern Lima and Paulo Lima, with TSG Consumer Partners as co-owner, IT Cosmetics was developed in partnership with leading plastic surgeons to offer women with “innovative, problem-solving” skincare and cosmetics products. IT Cosmetics brands and product lines feature more than 300 “high-performance” beauty products focused on color cosmetics, skincare, brushes, and tools.

"L'Oréal signs agreement to acquire IT Cosmetics", L'Oréal, July 22, 2016

Louis Vuitton Plans To Sell Perfumes

Louis Vuitton, LVMH's high-end luggage and luxury clothing brand, will start selling perfumes in September 2016. Its second attempt at selling fragrances, the first was in the 1940s, involves developing the product lineup in-house. Factors that convinced the company to again offer perfumes include the slowdown in sales of luxury handbags and watches, the economic slowdown in China, and the economic impact of terror attacks around the world. With perfumes expected to add more than $500 million to annual sales, the company plans to sell a product that smells like a suitcase.

"Thanks to Louis Vuitton You Can Soon Smell Like Your Handbag", Bloomberg, July 21, 2016

Coty Announces Appointment Of Camillo Pane As CEO And Election To Board Of Directors

Coty Inc. announced the appointment of Camillo Pane as chief executive officer and his election to the company's board of directors. Pane's appointment becomes effective upon the closing of the company's acquisition of P&G Specialty Beauty, expected to happen in October 2016. Interim CEO and chairman Bart Becht will remain as chairman of the company's board of directors. Pane has extensive experience in consolidation of acquisitions and is a veteran in the global consumer goods industry.

"Coty Inc. Names Camillo Pane as CEO", Coty, July 21, 2016

Tom Ford Beauty Names Guillaume Jesel Global Brand President

Estee Lauder Companies appointed Guillaume Jesel as global brand president for skincare and fragrances business, Tom Ford Beauty, effective July 1, 2016. Jesel will continue reporting to John Demsey, executive vice president of Estee Lauder. He will also serve as member of the company’s Executive Leadership Team. Jesel, an Estee Lauder Companies veteran for 16 years, has led Tom Ford Beauty as senior vice president global general manager.

"Guillaume Jesel Promoted to Global Brand President, TOM FORD BEAUTY", Business Wire, July 21, 2016

Revlon Settles DNA Advantage False Advertising Lawsuit

Revlon settled a false advertising lawsuit related to its DNA Advantage line of skincare products. Filed by Anne Elkind and Sharon Rosen in 2014, the lawsuit accused the company of using the product line's name to make consumers believe that the products would change the genetic code of their skin cells. As part of the settlement terms, Revlon has agreed to pay $900,000 for a settlement fund that will finance notice and administrative costs.

"Revlon's "Age Defying" Product Line Defies Class Action With $900,000 Deal", Lexology, July 21, 2016

L'Oreal Opens Research & Innovation Center In South Africa

L'Oreal opened its Research & Innovation Center in South Africa. Built to study African hair and skin, as well as the beauty-related habits and expectations of consumers in the sub-Saharan region, the facility will focus on product development and evaluation. It will employ advanced research teams made up of scientists with expertise in chemistry, chemical engineering, physiology, cosmetology, and biochemistry, the company said. L'Oreal first began research activities in South Africa in 2003 with its Evaluation Center aimed at consumer knowledge and product evaluation.

"L’Oréal accelerates product development for sub-Saharan Africa thanks to new Research & Innovation Center", L’Oréal, July 21, 2016

Sales Up At Unilever During First Six Months Of 2016

Unilever posted first half sales growth of 4.7 percent with sales volume up 2.2 percent. Sales were up 5.4 percent at constant exchange rates, but down 2.6 percent at current exchange rates. Sales grew eight percent in emerging markets, while sales volume up 2.9 percent. CEO Paul Polman said the sales figures reflected ”consistent, competitive, profitable and responsible growth” in a tough global environment. The company said consumer demand is still weak, sales volumes continue to lag, and market volume growth is negative in Europe and in North America. Growth in personal care and foods improved growth and maintained ”strong profitability.” Profit margins in home care and refreshment improved.

"Consistent, competitive and profitable growth in challenging markets", Earnings release, Unilever, July 21, 2016

Procter & Gamble Says To Fight Trademark Infringement Lawsuit Filed Against Katy Perry's CoverGirl Line

Procter & Gamble Co. said it intends to contest a lawsuit filed by rival cosmetics firm Hard Candy LLC alleging singer Katy Perry's line of CoverGirl makeup infringes on its trademark. Hard Candy's lawsuit claims the heart icon used on packaging for the singer's cosmetics line looks like the image used by the Florida company since 1995 when it was founded. Hard Candy is demanding all profits from sales of the Katy Perry line, and damages to be determined during trial, as well as lawyer fees.

"P&G faces court battle over Katy Perry makeup line", bizjournals.com, July 20, 2016

L'Oreal Works With Albea To Develop Tube Packs For Hair Color Product

L'Oreal partnered with Albea to create a tube packaging for the L'Oreal Paris Casting Creme Gloss hair color product. According to L'Oreal, the product's formulation tends to react to oxygen, with only aluminum tubes previously capable of containing it. Albea's O2 Wall Tube technology provides the product with integral bulk protection throughout the laminate tube, the company said.

"Albéa and L’Oréal launch hair colour tube packs", Packaging News, July 20, 2016

Fine Lines Top Beauty Concern For Young Mothers In China, Kantar Worldpanel Says

In China, 47.4 percent of young mothers between the ages 26 and 36 said “fine lines” was their top beauty-related concern, according to Kantar Worldpanel China. Data from the market research firm revealed only 28.5 percent of married women in the same age group but without children made the same choice. Concerning “wrinkles,” 31.4 percent of young mothers said this was a concern, while only 8.8 of their childless counterparts said so. Also, 15.5 percent of young mothers said they were worried about “chapped or cracked lips,” compared with only 10.8 percent of the non-mothers. “Dark circle under the eyes” and “puffy eyes” were also bigger concerns for young mothers than for those without children.

"Young Chinese mums rely on big brand", Kantar Worldpanel China, July 20, 2016

 
Companies, Organizations  

Procter & Gamble Names New Manager For Romania Operations

Procter & Gamble appointed Elena Kudryashova as country manager for its business operations in Romania effective July 1, 2016. Born in Russia and previously country manager for P&G Israel, Kudryashova succeeds Hans Dewaele, who occupied the post while simultaneously coordinating the company's operations in the Balkans.

"P&G appoints new country manager in Romania", Romania Insider, July 27, 2016

Procter & Gamble Sells P&G London Innovation Centre; Agrees To Lease For Next 3-5 Years

Procter & Gamble sold the Rusham Park Technical Centres research and development complex near London to Royal Holloway, University of London. As part of the purchase deal, P&G will lease the R&D center, called the P&G London Innovation Centre by the company, for the next 3‒5 years. With a total floor area of 203,000 square feet, the complex features research laboratories and offices on a 14.5-acre campus.

"P&G sells massive product innovation center", bizjournals.com, July 22, 2016

Unilever Reports Profit Gains Despite Revenue Decline In 1H Of 2016

Unilever PLC said profit increased 2 percent to €2.51 billion, or $2.77 billion, in the first half of 2016, although revenue declined 2.6 percent to €26.3 billion due to currency volatility. Underlying sales grew 4.7 percent, with volume rising 2.2 percent. At constant exchange rates, sales increased 5.4 percent and 2.6 percent at current exchange rates. According to the company, emerging markets sales grew 8.0 percent, with volume rising 2.9 percent. Core operating margin was at 15 percent, pushed by an increase of 80bps in gross margin.

"Unilever Reports Second quarter and half-year 2016 results", Unilever, July 21, 2016

Marketing & Advertising  

Procter & Gamble's Signal Digital Marketing Event Lures Top Marketers And Social Media Movers

Procter & Gamble Co. will hold the 2016 Signal digital-marketing conference at its headquarters in Cincinnati, with top executives from social media and e-commerce companies, such as Facebook, Google, and Alibaba, and senior marketing executives from Under Armour, Lego, and Verizon in attendance. Signal, which marks its fifth edition this year, has grown from a one-day conference for P&G marketing executives into a multiday event for all staff interested in attending the event. Featured speakers during the event include Alibaba Group director and CEO Daniel Zhang, Facebook vice president of global marketing solutions Carolyn Everson, and Pandora founder and CEO Tim Westergren.

"Digerati Converge on Cincinnati for Private P&G Conference", Advertising Age, July 20, 2016

Developed by Yuri Ingultsov Software Lab.