Latest cosmetics news in brief - Avon to cut 600 jobs - L'Oreal to acquire NYX Cosmetics brand - Reach: Candidate list updated with four new SVHCs - Illinois bans plastic microbeads - China: 2nd version of the inventory of existing ingredients - Minnesota bans Triclosan - China announces the end of mandatory animal testing…
June, 25 - Avon to cut 600 jobs
Cosmetics maker Avon said it would cut about 600 jobs, including in its North America unit, as the company tries to return to profit. The job cuts and other restructuring efforts are expected to result in annual savings of about $50 million to $55 million.
June, 19 - L'Oreal to acquire NYX Cosmetics brand
French cosmetics L'Oréal group agreed to acquire NYX Cosmetics for an undisclosed price tag. "
NYX is a dynamic company that has done a tremendous job of harnessing the power of social media, digital marketing and multi-channel distribution,
" said Frédéric Rozé, President and CEO of L'Oréal USA. Following the closure of the deal, NYX Cosmetics will become part of L'Oréal's consumer products division.
June, 18 - Reach: Candidate list updated with four new SVHCs
The European Chemicals Agency (ECHA) has added cadmium chloride, a phthalate and two boron substances to the Candidate List, which now contains 155 substances. Cadmium chloride is a CMR substance and is also identified as being of an equivalent concern based on probable serious effects to human health, specifically due to the effects on kidney and bone. The three further substances are identified …
