Top 15 international beauty and personal care companies for 2019; Canada's Cronos acquires US CBD company for US$300 million; Africa/Asia/Australia the strongest growth region for Beiersdorf; and 12.4 million Australians buy headache and pain relief products.
Iconic New York department store, Barneys, is set to close after filing for bankrupcy.According to reports, the luxury chain has suffered at the hands of rising rents and low footfall in recent years. Business of Fashion has reveled it listed liabilities of between US$100 million and US$500 million following several weeks of attempts to find a new partner or buyer.
P&G and Unilever dominate Australian shampoo market; L’Oréal first half sales reach a record US$16.5 billion; beauty and grooming key drivers in P&G’s 2019 sales of US$67.7 billion; and beauty and personal care sales in Western Europe to reach US$111.7 billion.