According to the India Cosmetics Market Outlook 2021, India’s cosmetic market has been growing at a compound annual growth rate of 17% over a five-year period. Due to the increase in standards of living and changing lifestyles, the demand for cosmetic products is increasing rapidly providing an impetus to India’s...
Revlon Bets on Professional Care Growth in India
Revlon, based in New York, will start selling professional care products in India in 2015 and take on global rivals such as L'Oreal, Schwarzkopf and Wella Professionals. The company estimates the market for professional products to be $200 million. These products, used by beauty salons and parlors and also retailed...
L'Oreal India Buys Small Company
French cosmetics giant L'Oreal has acquired Mumbai-based company Cheryl's Cosmeceuticals for an undisclosed amount. The company, in its first acquisition in India, has bought Cheryl's Cosmeceuticals, a pioneer in professional skin care products and treatments in beauty salons. "This is an attractive opportunity for L'Oreal in India as it broadens...
Ashland opens specialties technical center in Mumbai
Global specialty chemical company Ashland has set up a technical research and development center Mumbai to support producers of personal and home care products in India and southeast Asia. The facility will focus on bringing new personal and home care innovations to market and providing technical support that may be...
Scrappy Cavin Kare battles Unilever and Procter & Gamble with innovation and nimbleness
Chennai, India based CK Ranganathan and the company he founded, Cavin Kare, became noticed first with the success of Chik shampoo in single-use sachets that cost half a rupee. Even today most shampoo sales in India are units sold at about 2 cents a piece. As this feature story, shows...
L'Oreal of France sells $200 million in India, located R&D center in Mumbai
In 2008, 48-year old Jacques Challes, a graduate of ESCP–EAP Paris arrived as Managing Director of L'Oreal India. He had already been with the company for 26 years. During his tenure in India, the company tripled its revenue to around $200 million and has also increased market share, which in...