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IFF’s $7.1bn Frutarom Buy Shows Market Shifts Rippling Up The Supply Chain

 
• By Ryan Nelson

The flavors and fragrances firm’s largest acquisition to date speaks volumes about prevailing market winds, providing IFF with access to smaller customers and Frutarom’s extensive natural capabilities. The deal closely follows rival Givaudan’s opening move in March to acquire Naturex.

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International Flavors & Fragrances, Inc. is jockeying with Givaudan for the ingredient sector’s top spot, announcing May 7 that it will acquire Israel-based Frutarom for a whopping $7.1bn.

The cash and stock transaction, which includes assumption of Frutarom’s net debt, values the company at some 20 times its expected 2018 earnings, in the same neighborhood as the multiple...

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US Consumer Health, Beauty Sectors: Expecting Tariff Policy Changes, Buckling Up For The Ride

 
• By Malcolm Spicer

As firms in OTC drug, dietary supplement and personal care/beauty sectors reported results for January-March period after Trump announced reciprocal tariffs, they buckled up for more changes in the president’s thinking likely to affect consumer spending as well as their costs.

Ulta ‘Beauty Unleashed’ Investment Delivers In Fiscal Q1

 
• By Eileen Francis

Retailer Ulta Beauty, Inc. reports net sales in the fiscal first quarter beat consensus estimates, rising 4.5% to $2.85bn, as the company sees benefits of its recently announced ‘Beauty Unleashed’ initiative.

E.l.f. Plans To Acquire Hailey Bieber Beauty Brand For $1Bn

 
• By Eileen Francis

E.l.f. Beauty, Inc. has agreed to acquire celebrity and model Hailey Bieber’s rhode lifestyle beauty brand for $1bn, the firm reported during a 28 May fiscal fourth quarter earnings call, during which it also announced plans to raise product prices to ‘partially’ mitigate the impact of tariffs.

J&J Plots Next Steps Following Third Failure To Resolve Talc Cases Through Bankruptcy

 
• By Lauren Nardella

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EU Sunscreen Stakeholder Group Pushing For Legally Binding Text For Sun Protection

 
• By Eileen Francis

Personal care, EU government reps discussing a planned revision of the 2006 European Union Suncare Recommendation are pushing for a legally binding text, rather than the recommendation, and considering broadening the definition for sunscreen.

EU’s Small, Medium Beauty Industry Pushing For Clarity In Revised CPR

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US FDA Expert Panel Paints Bleak Picture For Future Of Talc In Cosmetics

 
• By Eileen Francis

The US FDA’s 20 May expert panel on talc discussed science behind the potential carcinogenicity of the cosmetic, food and drug ingredient, the importance of ‘good science’ in evaluating the substance and the need to find alternatives in each industry.