Latest cosmetics news in brief: Revlon acquires The Colomer Group - New Board of Directors, in Cosmebio - Pierre Fabre passing away - REACH: a reminder of the obligation of information - CFDA consults on the approval of a new cosmetic ingredient - CLH consultation launched on hydroxyisohexyl 3-cyclohexene carboxaldehyde - India bans testing of cosmetics on animals - FDA publishes guidance for Good Manufacturing Practices - Cosmetics Regulation: a White Paper about the hair-dressers’ obligations - Evaluation of local toxicity / irritation of vitamin A - REACH: the situation on the 31 May 2013 due date - Parliamentary fact-finding mission on environmental labelling …
August, 6 - Revlon acquires The Colomer Group
Revlon, the American cosmetics group, is to acquire The Colomer Group, a privately-held beauty care company focused on the professional salon channel, for USD 660 million (€: 507 million; GBP: 421 million), after a 5 August 2013 press release. The transaction is expected to be finalised in the fourth quarter, subject to the obtaining of the necessary regulatory approvals. Alan Ennis, the Revlon’s CEO, welcomed this acquisition, which
“we expect to be accretive to cash flow and earnings in the first year
,”
“[will]
expands our distribution into new channels
,” the professional salon channel, which Revlon currently does not serve,
“and [will] provide meaningful cost synergy opportunities.
July 26 -
New Board of Directors, in Cosmebio
On 11 June 2013, the Cosmebio association elected its new Board of Directors. Greeting Rodolphe Balz, the founder of this Eco-friendly and Organic Professional Association, Cosmebio is glad to see twelve companies (SMEs as well as large groups) be members of its new Board of Directors. The members are: Samuel Gabory (Nature et Strategie - President), Bernard Chevilliat (M & L Distribution - Vice-president), Nicolas Fouchère (Sicobel - Vice-President), Pierre Charlier de Chily (Aldivia - …
