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Kao Completes New Manufacturing Building In Taiwan

Kao (Taiwan) Corporation said it has completed the construction of a new manufacturing building for beauty care products in the company's factory in Taiwan's Hsinchu County. With an initial investment of 3.3 billion yen, the new building will expand the company's supply capacity and address the growing beauty care business of the Japanese beauty brand's Taiwanese subsidiary. According to the company, the new facility will start manufacturing the Biore and Men's Biore skincare products and the Essential and Liese haircare products. Kao has implemented the Good Manufacturing Practice standards to ensure safety and quality during the whole production process.

"Kao completes construction of new production building for beauty care products in Taiwan plant", Kao, November 24, 2017

Unilever Starts Process Of Looking For New CEO

Unilever is working with executive search consulting firm Egon Zehnder International to search for current CEO Paul Polman's successor. Although the company has yet to officially announce a possible date for Polman's retirement, some unnamed sources expect the veteran executive to leave in about 18 months. According to Sky News, Egon Zehnder is helping Unilever's board of directors prepare for a formal search process.

"Dove-maker Unilever paves way for exit of veteran CEO Polman", Sky UK, November 23, 2017

Old Spice Launches Video Ad With Exploding Log And Terry Crews

Men's grooming brand Old Spice launched “Ye Olde Exploding Yule Log,” an advertising video featuring actor Terry Crews. Created by advertising agency Wieden + Kennedy, the video shows Crews and a yule log periodically exploding.

"Old Spice and Terry Crews Bring You ‘Ye Olde Exploding Yule Log’ for the Holidays", Adweek, November 23, 2017

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

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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