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Gerrard International Acquires Jessica Cosmetics
THE WHAT? Gerrard International has acquired professional nail brand Jessica Cosmetics after more than three decades serving as its UK distributor. THE DETAILS Gerrard International, based in Hertfordshire, has managed Jessica Cosmetics’ UK business for 35 years, during which the market became the brand’s most commercially successful territory. The acquisition follows the passing of…
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French and U.S. industry groups warn consumers about counterfeit cosmetics
Ahead of the festive season, the fragrance and cosmetics industry is warning of a wave of fakes, dupes, counterfeits and non-compliant products that are just a click away. The main industry associations in France and the United States say consumers are being exposed to serious risks when purchasing these goods. As cut-price counterfeit cosmetics…
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En France comme aux États-Unis : alerte aux faux parfums et cosmétiques
À l’approche des fêtes, l’industrie des parfums et cosmétiques met en garde contre les faux, les dupes, les contrefaçons et les produits non conformes, trop facilement accessibles en ligne ! Les deux principales associations professionnelles du secteur, en France et aux États-Unis, alertent sur les dangers auxquels s’exposent les acheteurs de ce type de…
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EU Raids Temu Over Suspected Breach of Foreign Subsidies Rules
THE WHAT? The European Commission has carried out unannounced inspections at Temu as part of an investigation into potential violations of the EU Foreign Subsidies Regulation. THE DETAILS The raid took place at one of Temu’s Irish premises, targeting possible foreign state support that could distort competition in the EU market. Temu, owned by…
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Suisse : les droits de douane américains ramenés à 15% avec effet rétroactif
Les droits de douane américains sur les produits suisses seront abaissés à 15% avec effet rétroactif au 14 novembre, date à laquelle un projet d’accord avait été scellé, a annoncé Berne mercredi 10 décembre. En contrepartie, la Suisse diminue ses droits de douane sur certains produits de la pêche et produits agricoles en provenance…
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Switzerland secures retroactive cut of U.S. customs duties to 15%
U.S. customs duties on Swiss products will be reduced to 15% with retroactive effect from November 14, the date a draft agreement was signed, Bern announced on Wednesday, December 10. In return, Switzerland will lower its customs duties on selected U.S. fishery and agricultural products, the Swiss Ministry of Economy said in a statement.…
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Dior Beauty Debuts Boutique at Zurich Airport with Avolta
THE WHAT? Parfums Christian Dior has opened a new boutique at Zurich Airport in partnership with Avolta, bringing travellers La Collection Privée Christian Dior alongside core fragrance, makeup and skincare lines. THE DETAILS Senior executives from Dior, Avolta and Flughafen Zürich AG attended the launch. The boutique’s design draws on the aesthetic of 30…
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Sephora sets up Belgian subsidiary as LVMH readies entry into competitive prestige retail market
THE WHAT? Sephora has formally established a Belgian subsidiary in Brussels, marking LVMH’s move to enter Belgium’s prestige beauty retail sector. THE DETAILS The newly created entity, Sephora Belgium, is registered on Avenue Louise—one of the country’s most commercially strategic locations—signalling a serious market entry strategy. The board includes senior Sephora leaders, including Managing…
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L’Oréal Increases Galderma Stake to 20% in Move to Deepen Presence in Aesthetics
THE WHAT? L’Oréal has acquired an additional 10% stake in Galderma Group AG, bringing its total ownership to 20% as it strengthens its position in the fast-growing medical aesthetics category. THE DETAILS The shares were purchased from a consortium led by EQT—which includes Sunshine SwissCo, ADIA and Auba Investment—for an undisclosed amount. As part…
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Melt&Marble Raises €7.3M to Scale Precision-Fermented Fats for Beauty
THE WHAT? Melt&Marble has secured €7.3 million in Series A funding to scale production of its precision-fermented fats and prepare for commercial launch in personal care. THE DETAILS The round was led by Industrifonden with participation from the EIC Fund, Beiersdorf, Valio, Catalyze Capital and Chalmers Ventures. Including recent EU grants, the company has…