A round-up of the latest news and information you need to know to start your week surrounding all things beauty and grooming.

Legislative/ Regulatory

  • The new team of European commissioners scheduled to take office on November 1, who will impact European Union policy affecting the cosmetics sector, was announced. The incoming president of the Commission, Jean-Claude Juncker, nominated Vytenis Andriukaitis, of Lithuania, as EU health commissioner. He is a former health minister of his country. (Cosmetics Business)
  • Under EU regulations adopted last year, lavender oil will be classed as potentially producing allergies which places it within the chemical toxins category. This has come as unwelcome news to French harvesters. According to Provence based farmers, the regulation, due to come into force in 2018 is too extreme and will threaten profits of lavender oil, also referred to as blue gold, worth over £80 a kilogram. (Cosmetics Design)

 Business Portfolio

  • King of Shaves provides timely advice on strategy planning for businesses. King of Shaves was founded by Will King in the UK in 1993, and by 2007, the company’s turnover was £13.9m. In 2012, the company launched an online razor, blade and shaving oil subscription service. Other recent launches include Shave+Shield in addition to the shaving gel AlphaGel. Cosmetic News Weekly interviewed Will King, founder and CEO of King of Shaves (KoS). (Cosmetics Business)
  • According to the numbers from The Benchmarking Company’s infographic, 85% of all their surveyed consumers said they notice beauty or cosmetic claims in brand advertising or on packaging. Additionally, 91% of women said consumer claims are important to them when considering the purchase of a high-cost prestige beauty product while 7 out of 10 women said consumer and clinical claims are influential in their decision to buy any beauty product. (GCI)

Industry Pulse

  • It is time that beauty classifications were re-organised to suit buyers’ needs, after a new report suggests that consumers are interested in the function, not the traditional categories, of hair and skin care products. According to Diagonal Reports, who carried out the study, this will have implications for the whole beauty world, from formulators to retailers. The reason for this is apparently because the industry and consumers are out of sync as consumers always focus on the outcome that a beauty product can achieve whereas formulators less concerned with the ‘wrapping’ – the category classification, the technology, the channel, the segment.  (CosmeticsDesign)
  • Jeanine Reckkio, the world’s only beauty futurologist says it’s the industry’s big guys who need to stop complaining and better anticipate and plan for the future. With ‘all due respect’ of course. (CosmeticsDesign)

Market GPS

  • Global personal care players are reporting the Russian cosmetics market to have slowed down due to sanctions imposed on Russia by western countries as well as the ongoing military conflict in Ukraine. This year seen many a cosmetic brand bear loss in Russia. In Paris, L’Oreal reported a drop of 1.85% to 124.85 euros as the maker of Maybelline mascara and Lancôme cut its growth outlook for the cosmetics market. (CosmeticsDesign)
  • Brazilian influence is resonating dramatically in the beauty and personal care category – and new research from Mintel reveals just how much influence it has. The market researcher reports this influence as seen largely on the ingredients platform, with products featuring one of four key claims such as ‘Brazilian’, ‘from Brazil’, ‘sourced from Brazil’ or ‘inspired by Brazil’. Indeed, 16% of the launches inspired by the country were found in France, and 14% in the UK between August 2013 and July 2014. Following them is the US with 12%, and Japan with 10%. (CosmeticsDesign)

 

1938 is the online magazine blog for Well-Kept Beauty, formally entitled Primer.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: