The Japanese cosmetics group is aiming to become one of the world's top five perfume makers in five years, up from its current seventh spot, helped by recent acquisitions and a step up in marketing, especially online.
The global make-up market is expected to grow at a compound annual growth rate of 5% over the next four years, according to a report. Foundation is the leading face cosmetic, recording a market share of 31% in 2015.
Michele Scannavini, former CEO of Coty, will become the new President of ICE, the Italian foreign trade agency, looking after the internationalisation of Italian companies. He will succeed Riccardo Monti.
Unilever NV, Henkel & Co KgaA AG , L'Oréal SA and other companies have submitted first-round bids in the auction for OGX shampoo maker Vogue International LLC, people familiar with the matter said on Monday.