Cosmetics group L'Occitane International SA, the first French company to list in Hong Kong, is seeing a slowdown in China sales, Managing Director Andre Hoffmann said on Monday. He made the remarks at the company's results briefing.
Cosmetics group L'Occitane International S.A., the first French company to list in Hong Kong, said on Monday its net profit in the fiscal first half ended in September fell 3 percent from the year ago period.
Sa Sa International Holdings Ltd, the Hong Kong-headquartered cosmetics retail group, has announced its interim results for the six months ended September 30, 2011, stating that it gained profit of HKD224.3 million, a year-on-year increase of 27.3%.
Swiss regulator Weko accused the makers, importers and suppliers of perfume and cosmetics products of operating a cartel on Thursday and said it had banned the exchange of sensitive market information among members of industry association ASCOPA.
Johnson & Johnson, responding to complaints about a potentially carcinogenic chemical in its baby shampoos, said it plans within two years to eliminate formaldehyde-releasing preservatives from hundreds of its baby products.
L'Oreal, the world's largest cosmetics maker, said Monday strong demand in Asia and performance by its luxury unit led to 1.8 percent gain in third quarter sales, and confirmed its forecasts for 2011.Sales rose 1.8 percent to 4.
Anglo-Dutch food and cosmetics giant Unilever reported on Thursday a 7.8-percent rise in net profits for the third quarter, driven by strong growth in emerging markets.Sales totalled 12.1 billion euros ($16.
A U.S. regulatory investigation into Avon Products Inc was triggered by the cosmetics company's vice chairman sharing material information about a China bribery investigation with a Citigroup analyst, a person familiar with the matter said on Tuesday.