Information

THE WHAT? L’Occitane has acquired a majority stake in Brazilian premium beauty brand Sol de Janeiro, taking an indirect equity interest of 83 percent.  THE DETAILS The acquisition was based on a valuation of US$450 million, and was funded by the group’s cash on hand and existing bank facilities.  Sol de Janeiro is a lifestyle skincare brand …

THE WHAT? LG Household & Healthcare has won a trademark battle with Estée Lauder Companies-owned Two Faced over the ‘Born This Way’ slogan.  THE DETAILS Two Faced filed a suit with the Patent Court of Korea to invalidate LG Household & Healthcare’s use of the trademark, stating that the company had infringed on its trademark and used …

THE WHAT? Target has reported a 12.7 percent sales rise in Q3, with profits up 47 percent. THE DETAILS The U.S. retailer saw comparable store sales growth of 9.7 percent, with comparable digital sales growth of 29 percent.  Total revenue of US$25.8 billion was up 13.3 percent year on year, while operating income was US$2 billion, up …

THE WHAT? Chemicals company BASF has announced that it is to increase the prices of polyalcohols Neopentyl Glycol (NPG) and 1,6-Hexanediol (HDO) in Europe by 4 euros a metre and 1.000 a metre respectively.  THE DETAILS According to a press release, “Neopentyl Glycol (NPG) is a high-quality intermediate used, for example, to produce polyester resins for coatings, unsaturated …

THE WHAT? Aesop and The Body Shop parent company Natura has reported a slight sales decline in Q3, with consolidated net revenue in at R$9.5 billion, down 4.2 percent in BRL and 4.5 percent at constant currency. THE DETAILS However, the beauty giant posted strong growth in the first nine months of the year and compared to …