The 50 principal global large-scale consumer goods groups saw their profitability decrease this year because of a drop in consumer purchasing power, but they should continue their acquisitions in the same manner as in 2008.
The Kao group announced that work would start on a new eco-technology research centre just south of Osaka in January 2010. This project was unveiled a few days after the launch of a new mantra for the group: “enriching lives, in harmony with nature”.
Japanese private equity firms Advantage Partners, Unison Capital and MKS Partners will sell a 60 percent stake in Kracie Holdings to hair-colouring products maker Hoyu Co, a source with knowledge of the matter said.
After having acquired The Art of Shaving on the 3rd of June, P&G has announced the takeover of New York brand Zirh. This is a further strengthening on the part of the group aimed at men and reveals the extent to which they are banking on developing the men’s products market.
It is in China that Beiersdorf has chosen to install its new factory dedicated to its headline brand, Nivea. This represents an investment of €18 million for the German cosmetics group, which is expecting a drop in sales in 2009.
The principal shareholder of L’Oréal, Liliane Bettencourt, has once again refused a medical evaluation requested by prosecutors in the inquiry into gifts of almost €1 billion that she gave to the photographer François-Marie Banier.