Coty Inches its Way to the Top of Professional Beauty with its Acquisition of Hypermarcas and Reorganization
As recently discussed in a previous blog, acquisitions are constantly reshaping the global professional beauty landscape. Coty’s $1 billion acquisition of the personal care and beauty division of Hypermarcas is the latest move to shake things up, giving Coty an even stronger position in professional beauty, particularly in Brazil.
Coty has eyed Brazil since at least 2012, when the company made an unsolicited bid to acquire Avon, which had Brazil as its largest market. The company also failed multiple times at acquiring Brazil’s direct seller Jequiti. Coty finally made some inroads in 2013 by establishing a joint-venture with Frajo, a local Brazilian cosmetics distributor, but still desired a more potent move.Continue reading
Focus on Naturals as the 25th Annual ISPA Conference & Expo Convenes
The International Spa Association (ISPA) held its annual conference on October 19-21 at the Mandalay Bay in Las Vegas. Professionals from all spa industry sectors gathered to connect with each other, gain insight and inspiration, as well as to celebrate the industry’s continued growth. Over 220 companies offering the latest spa products and services available on the market were present while the theme for this year’s conference was ”explore,” with many seminars focusing around the idea.Continue reading
Thoughts from the 2015 ISSA Interclean Show
Innovation, drive, technology, and profitability were common threads at the ISSA Interclean North American show in Las Vegas, NV, in October. Guest speaker Kevin O’Leary, also known as “Mr. Wonderful” from ABC’s hit television show Shark Tank, spoke to a large audience about these four themes and how they apply to the current economy. O’Leary also spoke about how companies that exhibited and attended ISSA can apply these ideas to their current business, noting that in the past, only two out of eight companies become profitable, but now, due to high visibility shows like Shark Tank, the secret ingredient to becoming profitable is managing the cost of customer acquisition.
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United States Lags Behind Other Nations in Rx-to-OTC Switch Approvals
In contrast to the U.S. FDA, regulatory agencies outside the United States have been much more aggressive in approving switches for conditions outside the typical OTC paradigm. The United Kingdom in particular takes pride in being at the forefront of switching. U.K. Pharmacy Minister Earl Howe has continually stressed that increasing patient choice by making more medicines available without a prescription is a priority for the British government. When speaking at the Proprietary Association of Great Britain conference in London on July 5, 2012, he stated, “The United Kingdom leads the world in the range of products available without a prescription—but more can always be done.” Continue reading
Halal Beauty Remains Niche but Growing, with Consumers Expecting the Best of Both Worlds
In early October, Kline attended the Indonesia Halal Expo (INDHEX 2015) in Jakarta, where the participants included prominent local and international names from technology, banking and finance, pharmaceuticals, and cosmetics, in addition to the mainstay of Halal—the food and beverage industry.
The success of the annual event, now in its fifth year, is indicative of Halal becoming increasingly mainstream in various walks of life in the dominantly Islamic markets, such as Indonesia. This was also the first international Halal event held in Indonesia since the Halal Product Certification Bill was passed in the country in September 2014, mandating that all products sold in the country—and their manufacturing, distribution, and supply chain—be Halal certified by 2019.Continue reading
NYX, GlamGlow, and Dermalogica are Now Sold, Who is Next? – Kline Answers
GlamGlow, NYX, Le Labo, Ren, and Dermalogica are among several of the hottest formerly indie brands sold in the intense string of beauty acquisitions over the past two years. Coupled with problem-oriented, niche, and innovative products to reach specific demographics, such as millenials, Generaration Z, baby boomers, and multi-cultural groups, the independent beauty brands experiencing growth of nearly 19% in 2014 are the acquisition candidates explored in Kline’s recently published report Beauty’s Most Buyable Brands: Analysis of Booming Independent Brands in the United States. With the assessment of approximately 100 privately-owned beauty brands and the subsequent selection of top gems, the study goes beyond regular analysis and points to which are the most buyable ones.Continue reading
SEVEN ASIA-PACIFIC LUBRICANTS MARKETS YOU NEED TO KNOW ABOUT
Accounting for 44% of the global market, Asia-Pacific is the leading region for finished lubricant demand. Overall finished lubricant demand in the Asia-Pacific region is forecast for modest growth of a CAGR of 1.8% over the next five years. An emphasis on fuel economy and a modern vehicle parc will drive the use of synthetics and other lighter viscosity grade lubricants for passenger car motor oil (PCMO) in the region.Continue reading
Eric Vogelsberg is presenting at the Société de Chimie Industrielle Luncheon on the topic of China, Oil Prices, and Europe: What Can the Chemical Industry Expect?
The global economy is experiencing severe turmoil for a host of reasons; including the massive drop in the price of oil, the slowdown in growth in China, the concerns about lending and real estate bubbles in China, the economic and financial struggles in Europe, emerging economy travails, and geopolitical challenges in the Middle East.Continue reading
Kline’s October Index of Base Stock Production and Re-refining Cash Margins Shows Declines Due to Lower Postings
In January 2014, Kline, a worldwide consulting and research firm serving needs of organizations in the lubricants and base stocks industry, introduced its monthly Base Stock Margin Index, a characterization of recent cash margin contributions in the U.S. base oil market over the past 24 months.
The Index estimates cash margin contributions associated with U.S. Group II base stock production. It simulates EBITDA before the deduction of corporate SG&A expenses for typical VGO-based virgin base stock plants and RFO-based re-refineries.
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Omni Channel: Beauty’s New Lowest Common Denominator
Kline has its finger on the pulse of beauty retailing, and this week we interview Donna Barson, Senior Associate, who handles Kline’s beauty retail research, to highlight some of the findings from our recently published Beauty Retailing USA: Channel Analysis and Opportunities.
Donna, how are marketers changing their retail strategies to reach today’s consumers?Continue reading
