Dutch-British multinational Unilever has submitted a binding bid on?Garancia, the French high-quality cosmetics and skincare brand founded in 2004. It's not clear yet how much Unilever paid for the deal.?
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Cosmetics brand?Lush?will no longer be using eggs in the production of facial masks and hair care products. The way eggs are produced causes too much animal suffering according to the company.
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Will WeChat creator?Tencent?become?Kruidvat's co-owner? The Chinese tech company is considering taking an interest in A.S. Watson, the group behind the drugstore chain. Tencent's rival?Alibaba?is also interested.
Beiersdorf CEO Stefan De Loecker has announced a major investment programme for the group's top brands. His intention is to counter the rise of niche brands.
Henkel has had a bad financial year: the German company's turnover went down 0.6?% at 19.9?billion euros due to negative exchange rate effects), while net profits went down by 8.3?% to 2.33?billion euros.
In terms of growth, 2018 was the best year cosmetics brand?L'Oréal?has had in a decade. The success is mainly due to the Asian market and the so-called 'lipstick effect'. 2019 looks promising as well.
CEO Hans Van Bylen is increasing Henkel's investment budget by 300 million euros per year to boost the growth rate. Digital transformation is at the top of the to-do list.
Kimberly-Clark has decided not to sell its European division after all. The offer they received for the branch which includes the popular toilet paper brand Scottex was considerably lower than the expected one billion euros.
Ecover, a Belgian producer of ecological cleaning products, is opening a store in Antwerp where customers will receive cash in return for empty plastic bottles. The company wants to revive the discussion about deposits on such bottles.
Belgian perfumery chains Di and Planet Parfum have been acquired by the French Groupe J. Bogart. Former owners Ackermans & van Haaren and NPM have had to write off a substantial loss on the sale.
Australian luxury cosmetics brand Aesop has?opened its first Belgian store in Antwerp. The brand is famous for its sleek store and package design and 'luxurious' prices.
Stefan De Loecker, currently the second in command at Beiersdorf, will become CEO of Nivea’s parent company as from December. Previously, the Belgian had worked at Nestlé for twenty years.
Belgian chain Di and its managing director Helen Willems have parted ways. Matthias De Raeymaeker, CEO of Di's owner Distriplus, will take charge of the chain.
German multinational Henkel has reached a record quarterly turnover of 5.14?billion euro, but higher prices for raw materials and adverse exchange rate effects have pushed expected profits down.
Aesop, an Australian beauty brand, is to open a first store in the Belgian fashion capital Antwerp. It would be the first own store for the chain in the Benelux.?
Despite negative exchange rates and logistical issues in the United States, Henkel still sees positive signs in the first quarter. Its glue division outperformed the laundry and beauty divisions.