Natura Making Strong Headway In The Body Shop Transformation; Next Up, Avon
The Brazilian beauty giant reported 8.8% growth in The Body Shop sales in the fiscal 2019 first half, driven by strong gains in the UK and other key markets, offsetting the effect of 37 store closures in the past year as part of Natura’s transformation plan for the business. Meanwhile, incoming acquiree Avon is seeing better productivity, though sales continued to fall in the firm’s second quarter.
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P&G and women’s razor competitor Billie call off their proposed combination after the FTC made initial moves in December to prevent the deal, deeming it not in consumers’ interest. More cosmetics industry news in brief.
Personal-Care Product Launches: Avon’s ‘Clean Beauty’ Distillery; Walmart’s New Nutricosmetic Brand; More
Avon Products and American Eagle Outfitters are on-trend with “clean beauty” and CBD personal-care launches, respectively. Meanwhile, direct seller Monat is applying its anti-aging expertise in a new category for the company, skin care, and Walmart takes on leading nutricosmetic brands with its new Glow Habit line.
The final opinion of ECHA’s Socio-Economic Analysis Committee, published on 1 March, is largely unchanged from its July 2020 draft opinion with regard to microplastic in cosmetic products. That means industry may have to convince EU member state authorities that the restriction proposal has a serious proportionality problem.