Beauty brands and manufacturers who fail to embrace the rising zero waste movement will struggle to exist in the future, as more consumers shift towards eco-friendly companies amid environmental concerns.
Consumer goods giant Unilever said Thursday that its CEO is to retire with the Dove and Hourglass owner naming Alan Jope to succeed him. He has overseen rapid expansion in the beauty sector for the firm.
Nykaa’s order volumes increased fivefold during its “Nykaa Pink Friday” sale at the weekend and so the business has raised its predicted net revenue for this fiscal year to Rs 1,200 crore ($180 million).
The National Anti- profiteering Authority (NAA) has reported over 300 complaints concerning businesses failing to pass on GST rate cut benefits including in the cosmetics, textiles, and fragrance sectors.
For the first time in five years, Patanjali has seen its sales fall. The FMCG brand reported a standalone consumer goods revenue of Rs 8,148 crore for the 2018 fiscal year, over 10 percent less than the year before.
BigBasket aims to scale up its private label business from its current percentage of overall revenue at 34 percent to 40 percent in the timeframe of a year. The business will have a focus on beauty as part of this.