LyondellBasell (LYB) has inked an agreement to acquire full ownership of APK AG, a producer of recycled polymers based in Merseburg, Germany. APK has developed a recycling technology for low density polyethylene (LDPE) based on a unique solvent. The transaction…
Kolmar Korea plans to build its second U.S. plant early next year. To this end, the cosmetics manufacturer has appointed a new head for its North American operations and a Global Chief Commercial Officer (GCCO). It has also set up…
Described by stakeholders as a true “mechanical feat”, the patented rotating applicator of the Revitalizing Eye Serum N°1 by Chanel is the result of close collaboration between the brand and its suppliers: TNT Group, as the prime contractor for the…
In a challenging Chinese market where demand has fallen, the beauty retailer is downsizing its workforce. According to the subsidiary of the LVMH group, “less than 3%” of its 4,000 employees in China would be concerned. Bloomberg has earlier reported…
The New York-headquartered cosmetics and perfume group announced on August 20 a 10% increase in sales for its staggered 2023/2024 financial year, even though its net profit was divided by 6.5 due to an unfavorable comparison basis. Sales reached USD…
Available in Family Dollar stores, the new Crown Hair Society haircare series aims to offer luxury haircare products at affordable prices. To launch this elevated haircare line, the value retailer has partnered with the Brand Incubator of beauty solutions provider…
The PCHi Technology Summit 2024 will be held from 21-22 August at the Guangzhou Yuexiu International Convention Center in China. Keeping to PCHi’s tradition of being a technology-driven and innovation-led event, the Summit will bring together over 100 authoritative experts,…
Fabrizio Freda, the long-term President and CEO of the Estée Lauder Companies (ELC), has announced his intention to retire at the end of fiscal year 2025, in June</strong>. Until his successor is appointed, Mr. Freda will continue to lead and oversee…
Avon Products Inc. (API) has filed for Chapter 11 bankruptcy protection at the US Bankruptcy Court of the District of Delaware, has announced Natura &Co, the owner of the company since 2020. API is a U.S.-based non-operational holding company that…