Cosmetics

Estée Lauder is yet another victim of the Covid-19 crisis: as consumers buy less cosmetics, the group feels forced to cut 2,000 jobs and close one in six stores.

Dutch retailer Rituals is going to close some of its stores in the United States and focus more on online, because Americans are "more digital-minded".

German Henkel saw its sales decline slightly because of the coronavirus crisis, as hair salons and automobile manufacturers were forced to close. The soap and washing powder category did perform well, so much so that the Persil manufacturer increased its soap supply by 30 %.

Now that 'normal' life is at a standstill, a real corona industry is emerging: distilleries, breweries and perfume makers are switching to the production of disinfectant alcohol. Even LVHM is replacing perfume bottles with hand gel.

L’Oréal has had a very good 2019: the company achieved its biggest increase in turnover in ten years and also saw its profits increase significantly. The cosmetics group also announced that it has appointed Ilham Kadri, CEO of Belgian chemical company Solvay, to the post of director.

Jan Zijderveld is quitting his role as CEO at cosmetics manufacturer Avon as the previously announced sale of the company to Natura & Co will be completed.

Dutch drugstore chain Etos is to start selling through webshop bol.com. With this move, both Ahold Delhaize subsidiaries are looking to strengthen their synergies.