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Coty Chair Peter Harf to Step Down as JAB Plans Leadership Overhaul
THE WHAT? Coty is preparing for a senior leadership shake-up, with chair Peter Harf set to step down and chief executive Sue Nabi expected to depart as controlling shareholder JAB Holdings moves to reset the group’s direction. THE DETAILS JAB plans to appoint a new chair who will then move quickly to install a…
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TPG Exits Most of Anastasia Beverly Hills Stake, Taking Major Loss
THE WHAT? TPG has largely exited its investment in Anastasia Beverly Hills through a debt restructuring, significantly eroding its approximately US$600 million stake in the cosmetics company. THE DETAILS The private equity firm acquired around 38% of the brand in a leveraged deal and now holds an estimated 6% following the restructuring. The move…
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Shanghai Forest Cabin Cosmetics Files for Hong Kong IPO
THE WHAT? Shanghai Forest Cabin Cosmetics Group, known as Lin Qingxuan, has filed for an initial public offering in Hong Kong as competition intensifies in China’s premium skincare market. THE DETAILS The company’s growth is anchored by its Camellia Essential Oil, which contributes nearly 40% of annual revenue and more than 45% in its…
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Unilever Sets Annual M&A Budget of €1.5 Billion With Priority on U.S. Deals
THE WHAT? Unilever CEO Fernando Fernandez has stated that the company is allocating approximately €1.5 billion (US$1.74 billion) annually for mergers and acquisitions, with a strong focus on opportunities in the United States. THE DETAILS Fernandez disclosed the figure at a JPMorgan-hosted event, noting that U.S. assets represent a primary target area for future…
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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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Amazon to Invest Over US$35 Billion in India to Accelerate AI, Exports and Infrastructure Expansion
THE WHAT? Amazon has outlined plans to invest more than US$35 billion in India by 2030, focusing on AI development, export growth and expanded operational infrastructure as competition intensifies in one of the world’s fastest-growing digital markets. THE DETAILS The investment builds on Amazon’s existing US$40 billion commitment to India since 2010 and follows…
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Mana Products furloughs staff as it weighs strategic options
THE WHAT? Mana Products has furloughed employees as the contract manufacturer evaluates potential paths for the business. THE DETAILS Industry sources indicate the furloughs follow an attempted sale that is believed to have fallen through. While declining to comment on “rumors or speculation,” Mana’s CEO said the company is working with its stakeholders as…
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French Manufacturing Contracts Again in November as PMI Falls to 47.8
France’s manufacturing sector contracted further in November, with the latest PMI showing continued declines in production and demand. The post French Manufacturing Contracts Again in November as PMI Falls to 47.8 appeared first on Global Cosmetics News.
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French Manufacturing Contracts Again in November as PMI Falls to 47.8
France’s manufacturing sector contracted further in November, with the latest PMI showing continued declines in production and demand. The post French Manufacturing Contracts Again in November as PMI Falls to 47.8 appeared first on Global Cosmetics News.