The Philippines plans to ship an additional 30,000 metric tons of coconut oil annually to Australia in line with efforts to cater to growing demand from Australian industries and consumers. Jose Leonardo Tañada, managing director of Ares Merchants Philippines Inc. (AMPI), a key player in coconut oil exports and a consistent supplier to Australia, told […]
Nykaa Takes Majority Stake in Earth Rhythm
Nykaa, the India-based omnichannel beauty and fashion retailer, has announced its acquisition of a majority stake in the clean beauty brand Earth Rhythm. This strategic move follows Nykaa’s initial minority stake investment in Earth Rhythm in 2022, with the latest deal comprising primary and secondary transactions. The acquisition aligns with Nykaa’s commitment to expanding its […]
Natura to Take Franchise Model to Mexico
The Brazilian cosmetics company Natura & Co has announced plans to introduce a franchise business model in Mexico, starting mid-2025. The company says the move is part of a broader strategy to strengthen its sales force in the region. It mirrors successful implementations of the model in other markets, including Brazil, Colombia, Chile, Ecuador and Peru. […]
The Demise of The Body Shop
The Body Shop, the iconic ethical cosmetics retailer, is in the headlines. Once a trailblazer in the sustainable cosmetics industry, the business has gone into administration with over 40 percent of its UK stores to close. The demise of the Body Shop gives some insight into how fast the sustainability arena is changing. A few […]
Sustainable Cosmetic Predictions 2024
Ecovia Intelligence gives its predictions for the year ahead for sustainable cosmetics… > Sustainable Products. The range of cosmetic products with sustainability attributes will continue to expand. Natural and organic cosmetics are the most established, with their market share approaching 10% in the US, Germany, and Switzerland. New products will be launched with green attributes. […]