Jade Cosmetics: L'Oreal S.A. has agreed to acquire Hoechst AG's cosmetics subsidiary, the two companies announced June 26. The sale of the Jade business to L'Oreal marks the first step in Hoechst's planned departure from the cosmetics business; Hoechst announced earlier this year it had hired an investment bank to explore its strategic options ("The Rose Sheet" Jan. 30, In Brief). With sales of DM 223 mil. in 1994 and after-tax income of DM 12.8 mil., Jade leads the German makeup category in unit sales and is second in DM sales. L'Oreal says Jade's makeup line will complement L'Oreal's hair care and skin care offerings in Germany. Hoechst said it expects to make additional announcements regarding the sale of its Marbert fragrance, cosmetic and skin care division and Schwarzkopf hair care business within the next three to six months...
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The US FTC’s contention that ‘notice and choice’ has failed as the cornerstone of consumer privacy regulation and must be abandoned in favor of data minimization and other more stringent measures does not adequately account for the complexity of business practices and consumer behavior, FTC commissioner Melissa Holyoak asserted at the NAD’s 2024 Annual Conference.
FTC Commissioner Melissa Holyoak says the agency has acted outside the bounds afforded by Congress, citing several areas within consumer protection, including a recent update to the final rule for the Health Breach Notification Rule and the commission’s use of notices of penalty offense to serve as the basis for Section 5 settlements.
At one year, TikTok Shop conjures the early days of Amazon, representing the ‘Wild West’ of beauty ecommerce, said co-founders of private label and contract manufacturing company KO-Pack at the IBA Cosmetics Convergence Fall 2024 Virtual Symposium, “The Promise and Pitfalls of TikTok Shop.”
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In addition to impact from tariffs and executive suite changes, recent baggage for firms in the space include Perrigo divesting its branded Dermacosmetics business and Church & Dwight acquiring Touchland hand sanitizer brand.
Swedish probiotics player BioGaia is reaping the benefits of increased marketing investments and distribution in the US.
Concerns raised by two recent studies prompt UK researchers to argue for greater regulation with regards to direct-to-consumer test kits.
