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Natura completes sale of Avon International while retaining Latin America operations
THE WHAT? Brazilian beauty group Natura has finalised the sale of Avon International to US-based investment firm Regent LP, while retaining ownership of the Avon brand and operations across Latin America. THE DETAILS The transaction, first announced in September, was completed on December 31 and transfers control of Avon International outside Latin America to…
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Marico forecasts strong Q3 revenue growth as pricing pressures ease
THE WHAT? India-based FMCG group Marico has forecast that its third-quarter consolidated revenue will rise by a high-twenties percentage year-on-year, supported by easing inflation and recent tax cuts. THE DETAILS The Saffola and Parachute owner said its performance has remained resilient despite softer urban demand, with tax changes allowing the company to reduce prices…
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PZ Cussons appoints Jan Bramall as Chief Financial Officer
THE WHAT? PZ Cussons has announced the appointment of Jan Bramall as Chief Financial Officer and a member of its Board of Directors, effective March 23, 2026. THE DETAILS Bramall joins PZ Cussons from Severfield, where she currently serves as Interim Chief Financial Officer. She previously spent more than five years as CFO at…
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Coty sells remaining Wella stake to KKR
THE WHAT? Coty has sold its remaining 25.8 percent stake in professional haircare company Wella to KKR-managed investment vehicles, completing its full exit from the business. THE DETAILS Under the terms of the transaction, Coty will receive US$750 million in upfront cash consideration, alongside an entitlement to 45 percent of any proceeds from a…
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Saks Global CEO Marc Metrick steps down amid bankruptcy concerns
THE WHAT? Saks Global has announced that CEO Marc Metrick has stepped down from his role, with Executive Chairman Richard Baker appointed as his successor, as the luxury retailer faces mounting speculation around a potential bankruptcy. THE DETAILS The leadership change follows reports that Saks Global, the parent company of Saks Fifth Avenue and…
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Pola Orbis completes liquidation of Orbis Beijing subsidiary
THE WHAT? Pola Orbis Holdings has completed the liquidation of its consolidated Chinese subsidiary, Orbis Beijing Inc., a Beijing-based cosmetics sales company in which the group held a majority stake. THE DETAILS The liquidation process was formally finalised on December 18, 2025, marking the conclusion of Pola Orbis’ withdrawal from the entity. The company…
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Nestlé reiterates L’Oréal stake as purely financial investment
THE WHAT? Nestlé has reaffirmed that its stake in L’Oréal is held purely as a financial investment, with no change to its position or strategy regarding the shares. THE DETAILS Speaking to Swiss newspaper Finanz und Wirtschaft, Nestlé CEO Philipp Navratil said the company regularly reviews its holding in L’Oréal at board level but…
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Douglas Group doubles net income in FY 2024/25 as omnichannel growth offsets softer consumer demand
THE WHAT? Douglas Group reported solid full-year sales growth and more than doubled net income in FY 2024/25, meeting updated guidance despite a volatile European beauty retail environment. THE DETAILS Sales rose 3.5% excluding the divested Disapo business to €4.58 billion, supported by growth across both stores and e-commerce, with online accelerating in the…
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AnyMind Group enters offline beauty retail with Sun Smile acquisition
THE WHAT? AnyMind Group has agreed to acquire Japan-based beauty and personal care distributor and brand owner Sun Smile, marking its entry into offline retail. THE DETAILS Founded in 1997, Sun Smile operates across brand development, manufacturing and nationwide retail distribution. The acquisition is AnyMind Group’s 13th overall and seventh in Japan, adding physical…
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Oriflame Secures Bondholder Consent for Recapitalisation of US$800m Notes
THE WHAT? Oriflame Investment Holding Plc has secured the required bondholder consent to amend the terms of its senior secured debt, clearing a key step in its recapitalisation process. THE DETAILS The beauty company received valid and unrevoked consents from holders representing 98.40% of its US$550 million 5.125% senior secured notes due 2026 and…