For years the undisputed leader at high-end hair salons, L'Oreal is losing its shine as hair stylists turn to cheaper products from rivals such as Germany's Wella and Schwarzkopf to weather an economic downturn.
- Cosmetics maker Revlon Inc posted a quarterly loss, excluding a gain from the sale of some of its Brazilian brands, and said the uncertain economic conditions may affect sales for the remainder of 2008, sending its shares down as much as 29 percent.
The German cosmetics group Beiersdorf, maker of Nivea creams, said Tuesday, October 4th it would meet its 2008 targets despite a drop in third quarter net profit."We remain optimistic that we will meet our targets for 2008," chairman Thomas-B.
China appears to be tightening supervision of foreign investments in the country amid a widening investigation of two senior commerce ministry officials, people with direct knowledge of the matter said.
Avon Products Inc AVP.N, the world's largest direct seller of cosmetics, posted a quarterly profit that missed Wall Street expectations due to a drop in North American sales, sending shares down nearly 22 percent.
French cosmetics group L'Oreal on Thursday cut its full-year sales forecast for the second time in three months, citing tougher trading conditions, and posted third-quarter sales that came below forecasts.
Avon Products Inc , the world's largest direct seller of cosmetics, said on Monday, October 20th it was investigating its China operations over allegations of certain improper travel, entertainment and other expenses.
When a woman puts on makeup and looks in the mirror, it is as if she is seeing a different person, Japanese scientists said Tuesday, October 14th. Researchers who teamed up with Japan's Kanebo Cosmetics Inc.