L'Oreal sees the world cosmetics market flat or growing slightly this year and is forecasting the group's trading to improve in the quarters ahead, the French beauty products giant said on Thursday 4 June.
Beiersdorf have placed James Wei at the top of its group’s cosmetics activities in China, Thailand, Indonesia, South Korea, India and Singapore. The business will rely on him to develop its activity in Asia.
Beiersdorf envisages reducing its activities at some of its sites in Germany and abroad, announced the group’s boss during the general meeting of shareholders in Hamburg, as the crisis has badly affected Tesa - its branch of adhesives.
Feminist activists wearing fake beards staged a bizarre protest against L'Oreal in central Paris on Thursday 16 April, saying the company did not have enough women managers despite being a cosmetics producer.
Japanese private equity fund Unison Capital is set to bid for at least one-third of wig maker Aderans Holdings, raising the prospect of a proxy fight with U.S. hedge fund Steel Partners, the Nikkei business daily reported on Thursday 16 April.
Swiss food group Nestle and France's Bettencourt family said on Thursday 9 April they would extend their pact on cosmetics company L'Oreal, in which both Nestle and Bettencourt own roughly 30 percent stakes.