Mandacaru: one of L'Occitane au Brésil's line of new products
L’Occitane, the upmarket French cosmetics group, has long been a fan of emerging markets. In 2010, for example, the group became the first French company to launch an initial public offering in Hong Kong.
However, on Tuesday L’Occitane went one step further. The group announced its first line of production outside France. The new brand of cosmetics – L’Occitane au Brésil - will be made entirely in Brazil where production will eventually be outsourced, it said. Continue reading »
Africa’s fast-growing personal care and beauty markets are prompting ambitious innovation plans from two of the sector’s giants, Unilever and L’Oreal, both looking to capture the expanding middle classes.
But you can’t just take all your western or Asian products and sell them in Africa – new, tailored ranges are needed. Continue reading »
L’Oréal is bullish about the Indian economy – because it’s worth it.
India has become the sixth country in which the French cosmetics group has complete operations – including marketing manufacturing, and research facilities – joining France, the US, Japan, China and Brazil. Continue reading »
Indonesia might not be the obvious place for a multinational cosmetics group to put its biggest factory. But L’Oréal of France on Wednesday opened its largest plant in the world at the Jababeka industrial estate near Jakarta.
The €100m production site will serve south-east Asia, one of the globe’s fastest-growing regions, making skin and haircare products under the L’Oréal Paris and Garnier brands. With 450 jobs, it will be a welcome boost to Indonesia’s efforts to diversify away from commodities exports. Continue reading »
Colombia’s female beauty is renowned for being naturally stunning. Sometimes there are some enhancements to what nature originally provided, though, helped by the scalpel of a plastic surgeon or by the brush of a cosmetologist.
For those that prefer make-up, there’s good news: France’s cosmetics giant, L’Oréal, has expanded its presence in the Andean country after the acquisition of Vogue, a local cosmetics brand. Continue reading »
A rotten first quarter for Avon Products. Its earnings were expected to take a hit but nothing like this: net profits fell by 82 per cent compared with the first quarter of 2011, resulting in earnings per share of just 6 cents – vs 33 cents in Q1 last year – or 10 cents after one-off items. Compare that with the 28 cents consensus among analysts according to Thomson Reuters, and you just feel the disappointment. Continue reading »