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14 Dec

A Strategic Review of Henkel – WWD

by Beautifaire101
Beauty, Featured
A Strategic Review of Henkel – WWD
Henkel AG, the German maker of Schwarzkopf, Dial and Diadermine products, has been reassessing its business model, but a fix stays elusive — especially for its beauty retail activity. The Düsseldorf-based company holds a top rank worldwide within the skilled hair care category, but has been underperforming against its cohorts resembling L’Oréal, Unilever and Proctor & Gamble in the massive and dynamic beauty space. Henkel placed sixteenth in WWD Beauty Inc’s Top 100 Global Beauty Manufacturer rating for 2021, which estimated the group’s beauty sales hit 3.49 billion euros that 12 months, down 1.9 percent versus 2020 and 5.2 percent against 2019. During the last five years, Henkel’s organic top-line beauty growth was minus 0.7 percent. The previous five years it was plus...
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4 May

Henkel Finalizes Sale of Russia Business Unit – WWD

by Beautifaire101
Beauty, Featured
Henkel Finalizes Sale of Russia Business Unit – WWD
PARIS – Henkel AG has finalized the sale of its business activities in Russia to a consortium of local financial investors for 54 billion rubles, or $689.6 million, the group said Thursday. The German maker of Schwarzkopf, Dial and Diadermine products had announced on April 20  its signing of an agreement to sell that activity, following Russia’s attack on Ukraine. Also on Thursday, the Düsseldorf-based group reported first-quarter sales of 5.6 billion euros, up 6.4 percent on a reported basis and 6.6. percent in organic terms. The organic growth beat financial analysts’ consensus of 4.3 percent. “That’s a superb beat in itself, but is the bottom organic growth – even for consumer alone – and the smallest beat within the sector,” wrote Bruno Monteyne,...
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