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Henkel Names Fortunato General Manager Of Schwarzkopf Professional North America

Henkel said it has appointed John Fortunato general manager of the company's Schwarzkopf Professional North America business and Alterna Haircare. Fortunato will continue reporting directly to Henkel Beauty Care Hair Professional's regional head in North America. Also, Kathleen Cannon was promoted to head of sales for Schwarzkopf Professional US and Alterna Sales & Education.

"Henkel Appoints Fortunato as General Manager", Happi, November 09, 2017

Shiseido Posts Net Loss For First 9 Months Of Fiscal Year 2017

Japanese beauty brand Shiseido reported a net loss of almost 17 billion yen in the nine-month period ending September 30, 2017. According to the company, the loss was primarily due to the 70.7 billion yen costs related to Bare Escentuals. Despite this, the company's operating income for the period grew 82.4 percent to 70.65 billion yen, while net sales expanded by 17.4 percent to 731.2 billion yen.

"Consolidated Settlement of Accounts for the First Nine Months of the Fiscal Year Ending December 31, 2017", Shiseido, November 09, 2017

Shiseido Acquires AI Technology Company

Shiseido Americas Corporation has acquired Giaran, Inc., a technology company that specializes in artificial intelligence (AI) platforms. Founded in 2016, the company applies computer vision, big data, and augmented reality, and creates novel algorithms of deep learning, data mining, and predictive modeling. The technology will be used at Shiseido for “individualized beauty customization” in areas like makeup virtual try on, tutorials, color matching, personalized recommendations, makeup removal, face tracking, and skin tone detection. Giaran will remain based in Boston, Mass., and become part of Shiseido’s Makeup Center of Excellence. Financial terms of the acquisition were not disclosed. [ Image credit: © Giaran  ]

"Shiseido Americas Acquires Giaran, Inc. ", News release, Shiseido, November 07, 2017

Hain Celestial‘s 1st Quarter Delivered “Solid” Gains In Sales, Profit

Organic and natural products company Hain Celestial posted a healthy first quarter 2018 net sales increase of four percent to $708.3 million. Gross margin rose 250 basis points to 18.6 percent, and operating income soared 129 percent to $31.5 million. Diluted earnings per share was $0.19, while adjusted diluted EPS was $0.23. CEO Irwin D. Simon called the results "solid with improved net sales growth and profitability” and met expectations across all business segments. [ Image credit: © Hain Celestial ]

"Hain Celestial Reports First Quarter Fiscal Year 2018 Financial Results", News release, Hain Celestial, November 07, 2017

L’Oreal And Nestle To Face Ownership Options For French Cosmetics Group

The death of heiress Liliane Bettencourt, whose family owns 33 percent of L’Oréal, will likely force key investors to address the company’s ownership structure. Nestlé SA, which owns 23 percent, agreed with the Bettencourts not to increase stakes in L’Oréal, but this agreement expires in six months.  Nestlé could then purchase a controlling share in L’Oréal but is more likely to sell its stake, a move that would force L’Oréal to accept wider (and potentially hostile) ownership or opt to invest further funds in the company, boosting earnings per share but reducing funds available for acquisitions.  For Nestlé, the resulting 24 billion euro windfall brings a dilemma. It could payout funds to appease shareholders and especially its activist ...  More

"A Historic Moment for L'Oreal... and Nestle", Bloomberg Gadfly, September 22, 2017

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