Groupe Nuxe sells 45 per cent stake to Sofina; Firmenich acquires minority share in fragrance icon Robertet; Sephora gears up for Adelaide expansion; and regional health and wellness spas post 14 per cent growth.
Global perfume market to reach US$70 billion; personal care and beauty appliances to hit value of US$30 billion; IFF-Lucas Meyer buys Swedish green beauty tech leader; and Marionnaud shutters all stores in Spain and Portugal.
Global hair styling market to reach US$28 billion; over 10 per cent of Australian women use Buy Now, Pay Later services; South Korea's top 5 duty-free companies reach record sales of US$8.25 billion in first half; and natural fragrance trend to push floral extracts market to US$2.3 billion.
Alibaba acquires rival Kaola for US$2 billion; Japanese print giant buys BASF's global pigments business for AU$1.86 billion; Experienced Capital takes 41 per cent stake in French beauty retailer and clean beauty brand; and Brazilian beauty titan purchases e-commerce platform Beleza na Web.
