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Hong Kong-listed L’Occitane saw a resurgence in brick-and-mortar retail channels with sales growing 67.6% in the first quarter of its 2022 fiscal year, with online channels dipping by 15%.However, the firm’s online sales still accounted for more than one-third of overall sales at 34.8%.
Beauty ingredient manufacturer Vertellus to acquire IM Chemical Today, a definitive acquisition agreement was announced and, following regulatory approvals, the intermediates and specialty chemicals division of ESIM Chemicals will be part of the Vertellus business. At the start of the year, Vertellus was itself acquired by Pritzker Private Capital, as Cosmetics Design reported. Now, as Thomas Chadwick, Principal at Pritzker Private Capital, tells the press “The acquisition of IM Chemicals will expand Vertellus’ capabilities to deliver innovative specialty...
Sales pick up for blood sugar management beverage Glucose Health has reported a steep sales rise for its blood sugar management beverages that feature ADM’s Fibersol-2 prebiotic fiber. Glucose Health markets a line of beverages under the GlucoDown brand name. The beverages feature Fibersol-2, a digestion-resistant maltodextrin is a soluble corn fiber that acts as a low-calorie bulking agent containing 90% dietary fiber. The formulation also includes a Banaba leaf extract ( Lagerstroemia speciosa L.) that features a high level corosolic acid. In addition,...
Colgate-Palmolive sales were bolstered by strong organic growth in the Asia Pacific market and oral care category, particularly toothpaste (Getty Images) Personal care giant Colgate-Palmolive has seen net sales rise for the first quarter (Q1) of 2021, bolstered by a particularly strong surge in APAC, thus continuing its growth trajectory despite ongoing COVID-19-related volatilities. Last week, Colgate-Palmolive tallied up net sales of €3.61bn ($4.34bn) for Q1 of 2021, up 6% on the previous year, and total net income for the quarter sat at €567m ($681m). Within...
International skin care major Beiersdorf has shuffled its leadership team with a CEO succession as it edges into 2021 after reporting an overall sales rise for the first quarter. After many years at the helm of Beiersdorf, Stephen De Loecker had now been succeeded by Vincent Warnery – effective from May 1, 2021. Warnery had been a member of the company’s executive board since 2017 and was previously responsible for the pharmacy and selective business division housing Eucerin, Hansaplast and La Prairie. ‘Great potential’ moving forward in sustainable and dig...