Consumer goods group Unilever Plc/NV will buy U.S. hair and skin care company Alberto Culver for $3.7 billion (2.3 billion pounds) in the latest move to rebalance its portfolio towards higher growth lines.
The group announces a double executive appointment to its eponymous brand; Daniel M. Annese is promoted to Senior Vice President, Global General Manager and Charisse Ford takes the role as Senior Vice President Global Marketing.
As a non-essential category of the beauty and personal care market, the recession hit the global fragrance industry hard. In particular, poor performances in key Western markets dragged down global fragrance growth in 2008/2009.
An oil major, a luxury cosmetics company and independent directors including a former astronaut will have a key say in what may be the next multi-billion dollar merger to shake the global pharmaceutical industry.
Coty Inc., a leader in the global beauty industry, announces the signing of German supermodel and television presenter Heidi Klum as the new face and artistic advisor for the global beauty brand Astor.