To support its growth strategy, cosmetics company Avon has announced that its new mobile app ‘Avon Go’ will be available to representatives in 17 markets worldwide following a successful trial in the UK.
Postal service provider Poste Italiane SpA reported a 12 percent year-on-year fall in first-quarter operating profit on Wednesday, due to lower capital gains from government bond sales and higher costs.
Goran Petrovic is moving from Avon Canada to Avon Worldwide to drive the transformation plan in Eastern Europe and Russia. His relocation coincides with LG Household & Health Care’s acquisition of New Avon LLC.
In the fiscal year ended 31 March 2019, the cosmetics group – owner of L'Occitane en Provence and Melvita, among others – saw its revenues jump 8.7%, boosted by strong performances in the US, China, Brazil and Russia.
Beauty and personal care were a big part of Unilever's larger than expected Q1 sales rise and its acquisitions grew faster than other brands as their innovative business models and products scored globally.
The Brazilian cosmetics group announced on Friday that it has appointed Ian Bickley, ex-president for global business development and strategic alliances at Tapestry (formerly Coach) to its board of directors.
The booking software for beauty salons and spas has raised $20 million in a Series B funding round led by investment firm Partech, Berlin-based Target Global, Dubai’s Beco Capital and NYC-based FJ Labs.
The American owner of the UK’s Boots health & beauty chain said the company needs to close stores and cut more costs after the “most difficult” quarter it has seen in its five-year history as a mutinational group.
Manchester-based The Hut Group has increased its bank borrowing to $1bn (about £766m) and welcomed Shanghai Pudong Development Bank as an investor to support “major investments in beauty, technology and infrastructure”.