Colgate-Palmolive said on Thursday it would buy the skin care unit of France’s Laboratoires Filorga Cosmétiques for 1.50 billion euros ($1.69 billion), as the consumer goods company bolsters its personal care business.
As Amazon.com Inc targets traditional brokerages that match shippers with truckers, it's also battling a bevy of startups - including Uber Freight and a company funded by the e-commerce giant's founder Jeff Bezos.
The struggling apparel group has announced that it is considering an IPO for its Madewell business, further revealing that Michael J. Nicholson will be taking over as the company’s interim CEO, effective immediately.
Shares in Beiersdorf dropped more than 10% on Wednesday after the maker of Nivea skin cream warned that its operating margin would fall in 2019 as it invests to compete with niche brands that are disrupting the sector.
A key supplier of talc used in Johnson & Johnson's baby powder filed for Chapter 11 bankruptcy on Wednesday in the wake of multibillion-dollar lawsuits alleging its products caused ovarian cancer and mesothelioma.