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30 Nov

Coty Raises Revenue Forecast, Cancels Sale of Partial Wella

Coty Inc. has lifted its full-year revenue forecast because the fragrance effect shows no sign of abating, concurrently it revealed it has canceled the sale of a part of its Wella stake. Buoyed by sales of the likes of Burberry Goddess, Burberry Her and Gucci Flora, the sweetness company now expects full-year like-for-like revenue growth of between 9 percent and 11 percent, ahead of its recently raised guidance of 8 percent to 10 percent. It continues to focus on adjusted earnings per share of between 44 cents and 47 cents for the 12 months as a complete, implying growth of as much as 25 percent. “This demonstrates the strength of our strategy and the strength of our portfolio,” said chief executive officer Sue...
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5 Oct

Symrise Ups Stake in Kobo Products Inc. – WWD

PARIS — Swiss fragrance and flavors supplier Symrise AG has raised its stake in Kobo Products Inc., a U.S.-based pigment and powder specialist for the wonder industry, to 49 percent. Financial terms of the deal weren't disclosed, but in a press release Symrise said the funds raised are expected to expand capability and enhance Kobo’s supply chain. “The transaction creates further opportunities for each corporations within the fields of mineral UV filters and ornamental cosmetics,” Symrise said. “Kobo customers may also profit from expanded capacities and global supply chains. With this step, each partners have expressed their strong commitment to this partnership and the added value it should create for patrons and consumers.” The fragrance and flavors suppliers keep expanding their reach through...
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21 Sep

Pierre Fabre Laboratoires Takes Stake in Well-being Brand MiYé

PARIS — Pierre Fabre Laboratoires has taken a minority stake in MiYé, the French skincare and dietary supplements brand specializing in women’s hormonal balance and well-being — a burgeoning category in the wonder industry today. Financial terms of MiYé’s first funding round, with Pierre Fabre the only investor, weren't disclosed. But the businesses jointly said in a press release that the investment will help the brand speed up its development, due to Pierre Fabre labs’ know-how in medicine and the pharmacy market. Within the near term, MiYé is readying to develop an awareness-raising and personalized support program involving online consultations with naturopaths and micronutritionists. MiYé was cofounded in 2020 by Caroline de Blignières and Anna Oualid, with the backing of a scientific community...
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7 Sep

L Catterton Takes Minority Stake in Maria Nila –

PARIS — L Catterton has taken a minority stake in Maria Nil, with a view to step up the Swedish sustainable skilled hair care brand’s growth and international expansion. L Catterton, the private equity firm backed by LVMH Moët Hennessy Louis Vuitton, said it made the investment of a “significant minority stake” through its European fund. Specific financial terms of the deal weren't disclosed. Hair care — a high-potential beauty category — may be very much within the sites of investors today. Maria Nila, based in Stockholm, produces wholly vegan and climate-compensated hair care products. The brand is five years old, and sold in Europe and the U.S. The businesses said jointly in a press release Wednesday that the partnership will help Maria Nila...
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