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Subject: |
PERSONAL CARE BUSINESS
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Period: |
May 30, 2015 to June 6, 2015
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Geographies: |
Worldwide
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Categories: |
Comment & Opinion or Companies, Organizations or Consumers or Controversies & Disputes or Deals, M&A, JVs, Licensing or Earnings Release or Finance, Economics, Tax or Innovation & New Ideas or Legal, Legislation, Regulation, Policy or Market News or Marketing & Advertising or Other or People & Personalities or Press Release or Products & Brands or Research, Studies, Advice or Supply Chain or Trends
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Contents
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Cosmetics retailer Ulta Beauty reported $3.24 billion in sales in 2014, an increase of 21.4 percent compared with the previous year. Seeking to expand to 1,200 stores by 2019, the company said its net income for the first quarter of 2015 rose 34 percent to $66.9 million, or $1.04 per diluted share, compared with $50 million, or $0.77, in the same period of the previous year. At present, the company's share of the beauty market is about 3 percent, according to CEO Mary Dillon, who has pushed the company toward faster growth. Her five-year growth plan includes opening 500 new stores, with e-commerce operations accounting for 10 percent of total sales, and comparable sales growth of 5 percent to 7 percent a year.
"Ulta’s Growth Spurt", Women’s Wear Daily, June 05, 2015
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Gillette introduced the Gillette Shave Club, an expanded subscription service and loyalty program for men. Open to all men who want to enjoy benefits, such as promotion deals and coupons, the club also provides access to some of the brand's marketing campaigns. As part of the promotion, men who sign up for free membership before June 10, 2015, will have a chance to win an all-expense paid trip to the Major League Baseball All-Star weekend in Cincinnati. Also, club membership offers consumers a subscription razor service with three shaving packages available. Other benefits include a reward program, a free razor for first-time subscribers, and grooming tips and related content.
"Gillette Delivers Great Shaves and Unique Experiences for Guys Through Gillette Shave Club", Business Wire, June 04, 2015
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Unilever South Africa launched brightFuture, a global marketing campaign, in the city of Durban. Focused on the challenges faced by the world at present, the campaign includes the movie “The Way Kids See It,” which aims to present the views of children around the world on how to build a better future. It encourages people to let their children's imagination run free to “create a bright future.”
"Unilever South Africa launches brightFuture global campaign", Bizcommunity.com , June 03, 2015
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Consumer goods company Emami Ltd acquired the Kesh King brand of haircare products from SBS Biotech. Valued at Rs 1,651 crore, the deal is one of the largest in the hair care segment for quite some time. Computed at 5.5 times the brand's sales, the valuation is about 15 percent of Emami's Rs 2,030 crore sales in the last financial year. After the deal was announced, price of shares of Emami fell 5.8 percent to Rs 1,066.15.
"Emami gets into haircare, acquires Kesh King for Rs 1,651 crore", The Economic Times, June 03, 2015
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Unilever CEO Paul Polman called on Lagos State governor-elect Akinwunmi Ambode to ensure a business- and investor-friendly environment to attract and encourage investors to set up businesses in the state. Speaking during a visit to the official's residence, Polman said his company has invested more than €120 million in the country during the past three years. Also, the company has attracted around $80 million in foreign direct investments by its suppliers, according to Polman. Unilever remains committed to its business operations in the country, the executive said.
"We’ve invested 120 million Euros in Nigeria in 3 years — Unilever", Premium Times , June 02, 2015
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Unilever's Dove Men+Care men's grooming brand agreed to sponsor the 2015 Rugby World Cup. In mid-June, the brand will launch a 360 campaign, starting with a TV commercial and a Twitter campaign, followed by a wider OOH campaign in August 2015. For the next few months, the brand will also join the training camps of its four partner rugby unions: England, Scotland, Wales, and Ireland.
"Dove sees ‘huge opportunity’ on social as it ties with Rugby World Cup", Marketing Week, June 01, 2015
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Consumer goods maker PZ Cussons appointed Iris as its marketing agency in Nigeria. Covering the company's global brands, such as Imperial Leather, Original Source, and Carex, the account will also include management of strategic brand development, creative execution, and marketing. Iris won the account following a four-way review managed by Roth Observatory.
"Imperial Leather maker PZ Cussons appoints Iris to woo international consumers", The Drum, May 31, 2015
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The Belgian Competition Authority has reached a settlement with 17 companies, including Carrefour SA, Colruyt SA, Delhaize Group SA, and other retailers and manufacturers, in a private antitrust investigation that began in 2007. The companies face stiff fines for price-fixing of perfume, personal care, and household products, according to unnamed sources. Bloomberg News reported that Colgate-Palmolive will probably avoid fines “for blowing the whistle on the cartel.” A similar investigation in France led to combined fines of more than $1 billion imposed on a number of companies, including L’Oreal SA.
"Carrefour, Delhaize Said to Face Fines in Belgian Cartel", Bloomberg , May 29, 2015
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Shiseido Group launched its Ever Bloom brand of feminine fragrance in Paris. Starting in September 2015, the company will launch the brand worldwide, focusing initially on European markets. Highlighting the company's aim to become a “three-axis brand,” the new fragrance brand will be one of Shiseido's important product ranges. New president Masahiko Uotani's Vision 2020 plan includes expanding the company's fragrance business in Europe to 10 percent of its total, compared with the current 4 percent.
"Shiseido Group aims to cultivate fragrance business with Ever Bloom", The Moodie Report, May 29, 2015
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Unilever launched the Lux Star Collection line of fragranced soaps in Sri Lanka. Highlights of the launch event included the participation of India-Sri Lanka actress Pooja Umashankar and Lux master perfumer Alessandra Vinknaitis, who co-created the collection. Also, the actress endorsed the collection, which includes the Sweet Temptation and Delicate Embrace soaps.
"Lux Star Collection taken to celestial heights by Pooja Umashankar", Island.com, May 28, 2015
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Estee Lauder Companies said it will cut the prices of its products in China, in support of the government's move to lower import tariffs. Although the import tariff cut is not expected to have a significant impact on retail prices, the company said it believes the new policy will help promote domestic consumption. L'Oreal SA also announced plans to reduce prices of imported products in the country.
"Estee Lauder announces mainland price cuts following government’s import tariff reduction", Global Times, May 28, 2015
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Comment & Opinion |
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China's decision to cut tariff rates is not likely to result in significantly lower prices for imported consumer goods, according to Reuters. Effective on June 1, 2015, the government's move aims to stimulate domestic consumption and boost economic growth. Accounting for more than half of China's GDP growth, private consumption in the country is a laggard compared with levels in other countries, such as the United States. Retail prices of imported goods in China are about 40 percent higher than those in other countries, prompting Chinese tourists to shop for such items when they travel abroad.
"China import tax cuts no remedy for retail slowdown", Reuters, May 31, 2015
Since 2011, Unilever's Personal Care business has been the company's largest division. In 2014, personal care products accounted for 37 percent of the CPG giant's total revenue, followed by the Foods division, which used to be the largest business, with 26 percent. Several factors helped the Personal Care business overtake Foods in 2011, including the change in Unilever's strategy in 2008, which emphasized the personal care operations; sale of some of the company's food brands, while expanding the personal care division; and the positive impact of the expansion of personal care business on the company's valuation.
"The Rise of Personal Care in Unilever’s Portfolio", Trefis, May 29, 2015
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Trendwatching.com, June 01, 2015
L2 Think Tank, May 29, 2015
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Companies, Organizations |
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Second-term CEO A.G. Lafley is breaking up Procter & Gamble's beauty business, which he himself helped build during his first term, by selling some of the company's biggest beauty brands. Several reasons drove the company and its CEO to adopt divestiture, including the change in the market landscape driven by the emergence of beauty specialty retailers, online retailers, and niche brands; the departure of the executives who played important roles in building and maintaining the beauty business; and the perception that the beauty business was not compatible with P&G's corporate culture.
"Procter & Gamble’s New Game", Women’s Wear Daily, June 05, 2015
Procter & Gamble partnered with actress Taapsee Pannu for the company's Shiksha education campaign. With the actress supporting the motto “Padhega India, Badhega India,” the campaign helps children gain access to schools. Through the campaign, P&G also helps improve the schools' facilities by building toilets and providing clean drinking water.
"Taapsee Pannu joins hands with P&G Shiksha", Business Standard, June 03, 2015
Unilever's supply chain and other operations partners brought about $80 million in investments to Nigeria, according to CEO Paul Polman. During his courtesy call at the official residence of Lagos State Governor Akinwunmi Ambode, Polman said the figure was in addition to the more than €120 million investments by his company. According to Polman, these investments reflect the company's commitment to sustainability-based business growth and innovation.
"Unilever attracts $80m value-chain investment to Nigeria", BusinessDay, June 01, 2015
Unilever is opening a €75 million facility in Dubai to manufacture personal care products for the region's market. Owner of more than 400 brands, Unilever, through the new factory, will create about 600 new jobs. In 2014, UAE consumers spent Dh5.3 billion, or 9 percent, more on personal care products, data from Euromonitor International revealed. That figure is forecast to jump to Dh7.34 billion in five years, with consumer spending mainly on personal care products, including fragrances, grooming products, and cosmetics.
"Unilever's new Dh300m Dubai facility to generate 600 jobs", emirates247.com, May 28, 2015
Procter & Gamble India managing director Shantanu Khosla is leaving the company effective June 30, 2015. Khosla's departure after 13 years at the helm of P&G India coincides with the company's struggle to hold on to its market shares across market segments. P&G is facing intensifying competition, as well as dealing with its focus on profitability. He will be succeeded by Al Rajwani, P&G's vice president for Arabian Peninsula and Pakistan.
"P&G India's MD Shantanu Khosla steps down; to be succeeded by Al Rajwani", Economic Times, May 28, 2015
Kao invested 5 billion yen to build a manufacturing plant in Shanghai, which will produce key ingredients for shampoo and cosmetics. Bringing Kao's chemical production plants in China to a total of three, the facility will produce ingredients aimed at the market for environment-friendly products. With a total production area of 83,000sq m, the factory will help Kao's product development efforts for the China market.
"Kao further invests in Shanghai market", Cosmetics Design , May 28, 2015
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Business Wire, June 04, 2015
Bizcommunity.com , June 03, 2015
Premium Times , June 02, 2015
CPG Matters, June 01, 2015
Economic Times, May 27, 2015
quartz.com India, May 26, 2015
Independent.ie, May 24, 2015
Advertising Age, May 22, 2015
The Washington Post, May 21, 2015
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Deals, M&A, JVs, Licensing |
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L'Oreal signed a collaboration deal with women's wear brand Proenza Schouler aimed at developing new fine fragrances. Founded in 2002 by fashion designers Jack McCollough and Lazaro Hernandez, Proenza Schouler is considered one of the “most exciting” fashion brands in the United States at present. Expanding rapidly in the international market, the company launched its first handbag collection in 2008 and signed a license deal to manufacture and distribute the brand's footwear line in 2012.
"L'Oreal and Proenza Schouler pave the way to the future in luxury fine fragrances with the signature of a license agreement", L’Oréal, June 03, 2015
Shiseido agreed to distribute UK luxury brand Burberry's make-up and fragrance products in Japan. Already the brand's exclusive distributor in several countries through its Paris-based fragrance subsidiary Beaute Prestige International, the partnership means Shiseido can now distribute Burberry cosmetics and fragrance products in its home market. As part of the deal, this summer, the brand's licensed products will be replaced with the Burberry global product range.
"Shiseido to partner with Burberry to distribute Burberry Beauty Products in Japan", Shiseido, June 02, 2015
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Cosmetics Business, May 22, 2015
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Marketing & Advertising |
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Unilever's television ad for its Sure Invisible Black+White deodorant was banned by the UK's Advertising Standards Authority. ASA ruled that the ad, which compared the deodorant's effectiveness against that of rival brand Nivea, was misleading. Nivea's owner, Beiersdorf UK, challenged the ad's claim that Sure was better than Nivea Black and White deodorant in fighting yellow stains.
"Unilever ad for Sure deodorant banned over claims it was 'superior' to Nivea", The Drum, June 03, 2015
Church & Dwight Co., Inc.'s EVP and chief marketing officer Bruce F. Fleming was chosen as the 2015 CMO of the Year by the Consumer Goods Technology magazine. Presented at the 2015 Consumer Goods Sales & Marketing Summit in New York City, the award recognizes the CMO in the consumer goods industry who has made the largest measurable impact on his or her company. Fleming was recognized for his success in expanding his company's Arm & Hammer brand into other categories beyond household cleaners, including oral hygiene.
"CGT Announces Church & Dwight's Bruce F. Fleming 2015 CMO of the Year", Consumer Goods, June 02, 2015
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Women’s Wear Daily, June 05, 2015
L2 Think Tank, June 04, 2015
PR Newswire, June 04, 2015
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Products & Brands |
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Sunsilk launched the Fashion Edition Bottles for 2015 in Pakistan. Designed by four of the country's leading fashion designers, Nida Azwer, Sania Maskatiya, Kamiar Rokni, and Maheen Kardar, the bottles were introduced during an exclusive event at Area 51. First launched in 2013, the Fashion Edition Bottles has highlighted the brand's collaboration with Pakistan's most famous fashion designers.
"Sunsilk launches Fashion Edition 2015", Business Recorder, June 04, 2015
Church & Dwight appointed BMB as digital marketing agency to manage the online and social media marketing for the launch of the Batiste dry shampoo brand in the United States. With BMB currently handling social media for Batiste in the UK, its appointment in the United States marks a significant international expansion of the agency relationship. As part of the appointment, BMB will create content for the brand and develop an audience for the brand's Facebook and U.S. Instagram accounts.
"Batiste dry shampoo turns to BMB for US social media launch", The Drum, May 29, 2015
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The Economic Times, June 03, 2015
DesignTAXI, June 03, 2015
Marketing Week, June 01, 2015
The Moodie Report, May 29, 2015
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