L'Oréal said on Monday it had signed the share purchase agreement selling to Nestlé its holding in dermatology joint venture Galderma, a key step to completing its deal to buy back shares from the Swiss food giant.
Amazon.com's China unit will strengthen regulation of its online sales channels and has closed down a third-party store, the online retailer said on Thursday, after state media criticised Amazon and smaller local rival Dangdang for selling fake cosmetics.
Giorgio Armani's nephew Andrea Camerana has left his executive position as managing director at Giorgio Armani SpA to spend more time with his family and explore new business opportunities outside of fashion, the company said on Monday.
French cosmetics maker L'Oréal still has the firepower to pursue acquisitions even after spending 6.5 billion euros to buy back 8 percent of its shares from Nestle, a senior executive said on Thursday.
Procter & Gamble is considering current and former executives of the world's largest household products maker as it begins the search for candidates to succeed Chairman and Chief Executive A.G. Lafley.
Online cosmetics retailer Jumei.com hired Credit Suisse and Goldman Sachs to manage an up to $600 million initial public offering in the United States, joining other Chinese firms queueing to raise funds there as technology company valuations soar.
L'Oréal's underlying sales growth improved more than expected in the fourth quarter, helped by solid demand in the Americas and western Europe, and strong growth in new markets in Africa and the Middle East.