UK: The Hut Group acquires Eyeko
The Hut Group, the health & lifestyle e-retailer, is further strengthening its presence in the cosmetics space with the acqusition of mascara brand Eyeko, Cosmetics Business reports. Eyeko, a UK firm founded in 1999, specialises in a range of eye cosmetics including mascara, eyeliner and eyeshadow, as well as offering eye care products such as […]
South Korea: L’Oreal announces Nanda acquisition
L’Oreal, the global beauty firm, has announced the acquisition of the Korean fashion and cosmetics firm Nanda for an undisclosed sum. Founded in the South Korean capital Seoul in 2004, Nanda is spearheaded by its make-up brand 3CE which today represents more than 70% of its business. The firm generated revenues of €127 million ($152 million) in 2017 […]
Vegan launches power up in 2018
Insight by Gama Compass MANCHESTER – 11th April 2018: The proportion of consumers following vegan diets is on an upward curve, and this is being increasingly reflected in product launch activity in the FMCG arena, according to the latest figures from Gama Compass. Data from for the first few months of 2018 shows that as many […]
Germany: P&G to acquire Merck’s consumer health unit
Merck, a German firm active in sectors such as life sciences and healthcare, has that is has announced an agreement to sell its consumer health business to consumer goods giant Procter & Gamble for €3.4 million ($4.2 billion). The acquisition will allow P&G to expand its consumer healthcare portfolio to include brands such as Femibion, […]
UK: GlaxoSmithKline to buy out stake in Novartis joint venture
GlaxoSmithKline (GSK), the UK based healthcare multinational, is to buy out its stake in its consumer healthcare venture with Novartis at a cost of $13 billion. The joint venture, which includes the toothpaste brand Sensodyne and painkiller brand Panadol, as well as Nicotinell stop smoking aids, was formed in 2015 as part of Novartis’ portfolio […]
Pakistan: Unilever to invest $120 million in manufacturing facilities
Consumer goods giant Unilever has announced it is to invest $120 in Pakistan over two years as it seeks to unlock “the country’s high potential for long-term growth”. The Anglo-Dutch giant said the majority of the investment would be used to enhance manufacturing operations across Unilever’s four factories in Pakistan. “We have been a part of […]
USA: Carrington Farms acquires Tera’swhey
Natural foods firm Carrington Farms has announced the acquisition of Tera’swhey, the leading producer of organic whey protein in the US. Madison, WI based Tera’swhey was founded in 2009 and produces USDA. certified organic whey protein made from grass-fed dairy cows. The company also offers rBGH-free whey protein and goat whey protein powder. Announcing the […]
Germany: Fonterra expands in nutrition space through Goodminton investment
Fonterra Ventures, the investment arm of the New Zealand dairy giant, has announced that it is bolstering its presence in the nutrition space through an investment in Goodminton, the German holding company behind the Foodspring start-up. Described as Fonterra Ventures’ “first strategic partnership”, the deal will enable Fonterra to tap into active nutrition, a segment […]
USA: Edgewell Personal Care acquires Jack Black
Edgewell Personal Care, a US-based manufacturer of shave, sun, skin and feminine care products, has announced an agreement to acquire Jack Black, a luxury male grooming company. Founded in Dallas, TX in 2000, Jack Black is described as the number one brand in the US men’s prestige skincare market and offers a product range spanning skincare, body […]
Portugal: Jeronimo Martins introduces Be Beauty Care
Portuguese retailer group Jeronimo Martins has launched a new beauty care private label brand for its Pingo Doce stores named Be Beauty Care. According to sources, the range includes eight face and body care products that are suitable for different skin types and are made with natural ingredients such as shea butter. They are claimed […]