Cosmetics News In Brief: CIR Panel To Review Preservative; ICCR Prep; More
This article was originally published in The Rose Sheet
With use of preservative polyaminopropyl biguanide potentially on the rise, the CIR Expert Panel will evaluate the ingredient for safety at its upcoming meeting in Washington. More cosmetics news in brief, including developments at Unilever and Coty.
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The Anglo-Dutch firm has been slashing costs and establishing teams in local markets to lay the groundwork for R&D and marketing investments that are expected to pay off in the fiscal 2017 second half. During a July 20 call with investors, CEO Paul Polman discussed local innovations that are already making waves.
The International Cooperation on Cosmetics Regulation is working to develop consensus regarding risk-assessment, which the Personal Care Products Council expects will be a valuable resource for companies and other authorities around the world. Meanwhile, preservative initiatives remain a priority for the regulator group.
Unilever reportedly is exploring options including acquisitions or a spin-off of its food business following Kraft Heinz’s withdrawal of a $143bn takeover bid. The firm may be under pressure to deliver accelerated shareholder value after rebuffing the offer, which it said undervalued the company and was not strategically attractive.