L'Oreal shares jumped after the world's biggest beauty products group posted forecast-beating first-half profits and said it believed the worst of retailers' order trimming of luxury products was over.
The Advertising Standards Agency (ASA), the supervisory authority for advertising and marketing in the UK, has deemed a magazine advert for Nivea anti-ageing cream to be misleading and has banned its diffusion in its current format.
Wal-Mart Stores Inc is rolling out a new line of cosmetics by Hard Candy, hoping to dazzle shoppers with glitter eye shadow and volumizing mascara by a brand that is sold at more upscale retailers, like Sephora.
Beauty specialist Coty Inc has signed a licensing agreement for the development and commercialisation of the next perfumes from Guess. At the same time they have also taken on the rights to distribute all the brand’s current perfumes, starting in January 2010.