Consumer goods giant Hindustan Unilever, the Indian unit of Anglo-Dutch Unilever, said Tuesday quarterly profit jumped by 21 percent, led by higher sales of personal care, soaps and detergent products.
German consumer goods company Beiersdorf said on Thursday that its decision to focus on its core Nivea skincare line was beginning to yield results as it reported a better than expected 18 percent jump in first-quarter profit.
German consumer goods group Beiersdorf said it expected profits to improve in 2012 after axing unprofitable lines and focusing investment on its key Nivea brand as it prepares for the arrival of a new chief executive next month.
L'Oreal Chief Executive Jean-Paul Agon said on Tuesday that the replacement of Liliane Bettencourt by her grandson on the board of directors signalled the family's continuing commitment to the cosmetics group.
L'Oreal said billionaire Liliane Bettencourt, 89, who owns 30 percent of the French cosmetics group, is stepping down from the board of directors and will be replaced by her 25-year-old grandson Jean-Victor Meyers.
The Anglo-Dutch food and cosmetics giant Unilever on Thursday reported essentially unchanged profit figures for 2011, owing to difficult markets and pressure from rising commodity prices.Unilever's net profit came in at 4.