This week, the global cosmetics and personal care industry recorded contrasting financial performances, major acquisition activity and regulatory developments, alongside leadership changes, fragrance innovation and international retail expansion.
Financial performance led the headlines. Unilever reported 5.2 percent sales growth in the third quarter, supported by its Beauty and Personal Care businesses. L’Oréal recorded 7.7 percent sales growth to €35.33 billion, while Galderma raised its 2026 sales outlook for the second consecutive quarter following strong revenue growth. In contrast, Beiersdorf reported a 3.5 percent sales decline as NIVEA began an 18-month turnaround programme.
M&A activity intensified across chemicals, technology and retail. BASF increased its proposed takeover bid for Evonik to more than €11 billion as consolidation discussions progressed across Europe’s chemicals sector. The company also pursued further acquisitions to strengthen its portfolio. L Catterton invested in AI shopping platform Glance to support its US expansion, while DoorDash entered advanced discussions to acquire Instacart in a potential US$17 billion transaction.
Leadership and governance changes affected several major cosmetics companies. Lady Gaga assumed the CEO role at Haus Labs, taking direct responsibility for the brand’s commercial strategy. Wella Company restructured its global leadership across marketing, innovation and supply chain functions, while Unilever announced the resignation of Non-Executive Director Ruby Lu from its Board. Amorepacific Chairman Seo Kyung-bae transferred KRW4.5 billion in company shares to relatives.
International expansion and luxury cosmetics development featured across key markets. Charlotte Tilbury opened its first Southeast Asian flagship in Jakarta, strengthening its retail presence in Indonesia.
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