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CBN APRIL20.Pdf Copyright © 2015 HPCi Media. This publication may not be distributed without prior permission. Business Retail Innovation Brands no!no! aims to regain Erborian opens debut Water-based polishes Jo Malone launches Blue leading position in bricks-and-mortar store gain popularity with Skies & Blossoms collection Japan page 6 children page 10 page 2 page 9 cosmeticsbusiness.com twitter.com/cb_beautynews 20 April 2015 NEWS Issue 14 Sumitomo makes strategic acquisition Trading company Sumitomo Group has acquired a cosmetic ingredient distribution business from Kyowa Hakko Europe and, as a result, will make full entry into the region. Sumitomo Group will purchase the right to market cosmetic ingredients including vitamins and moisturising agents for hair and skin care products. Sales business will primarily be conducted in Germany, as well as a number of other European countries, and the Middle East. The group made its first move into the cosmetics sector by exporting ingredients made in Japan. However, in 2010 SIERRA LEONE CLAMPS DOWN ON it made further ground in this sector with the acquisition WHITENING COSMETIC INGREDIENTS of US cosmetic ingredient The country’s Pharmacy Board has issued a notice stating that imported cosmetics distribution company Presperse must not contain more than 2% of the lightening compound hydroquinone Corporation. Later, in 2013, Sumitomo invested in ierra Leone has made a renewed effort In the notice, signed by Wiltshire Johnson, Cosmotec International to ensure that cosmetics imported into Registrar at the Pharmacy Board, it read: Especialidades Cosmeticas, a Sthe country are safe to use. “The board hereby informs the general public supplier of ingredients in Brazil. The Pharmacy Board of Sierra Leone, the and importers of cosmetic products that stringent Kenichi Nakamura, General country’s medicines regulatory agency, issued measures to regulate these products are currently Manager of the Medical Science a public notice recently that directed all those Department at Sumitomo concerned with the importation of cosmetic Stringent measures to regulate Corporation, said: “I am products into the country to ensure that all these products are currently being “ confident that we can grow products only contain the regulated amount “ the business globally with of hydroquinone content – no more than 2%. implemented to ensure the right Presperse and Cosmotec by Hydroquinone has a wide variety of uses; products are being distributed gaining the excellent customer however, in cosmetic applications it is largely base through this deal and by used as a skin whitening or lightening agent. being implemented in order to ensure that supplying unique ingredients The use of hydroquinone is banned in some the right products are being distributed to the to the market in the future. I am countries, including in the EU under Directive general public. In this regard, importers of hoping to grow the business 76/768/EEC: 1976, due in part to concerns over cosmetics products in Sierra Leone are kindly together with the talented potential carcinogenic qualities. requested to take the necessary action to register employees of Kyowa Hakko In Sierra Leone, however, the compound is all cosmetic products they are importing with the Europe who will join us.” legal for use in low concentrations. In its latest Pharmacy Board of Sierra Leone in the interest Sumitomo Group presently notice, the Pharmacy Board reiterated that all of public safety and health.” operates in Europe, the US, cosmetic products that contain hydroquinone The Pharmacy Board of Sierra Leone was set Brazil, Japan and China. must clearly indicate the ingredient’s presence up in 1988 by an Act of Parliament. It hopes to generate annual on the label of the container. Read more at cosmeticsbusiness.com sales of $200m in three years. 20 April 2015 cosmetics business news 1 Copyright © 2015 HPCi Media. This publication may not be distributed without prior permission. business COACH INKS DEAL WITH INTERPARFUMS ccessories and lifestyle brand Coach has of our fragrance business since our launch. entered into an 11-year exclusive As our brand transformation continues to Aworldwide fragrance license agreement progress, and with Interparfums as our partner, NEWS with Paris-based Interparfums SA. we know we can leverage this category into Under the agreement, Interparfums will create, a much larger global opportunity.” produce and distribute new fragrances, including Meanwhile, Jean Madar, Chairman and CEO CONTENTS new men’s and women’s scents for Coach. of Interparfums, added: “Coach is an iconic brand The fragrances and fragrance-related products focused on relevance and innovation. We greatly Business: Coty demoted by BMO 4 will be distributed to department and speciality respect what the company has already Trends: Women’s fragrance market stores and duty-free shops, as well as in Coach’s accomplished in the realm of fragrance, most attracts growth 5 own retail stores from autumn 2016. notably with Signature and Poppy, the brand’s Retail: Erborian opens debut Victor Luis, Chief Executive Officer of Coach, well-established top selling scents.” bricks-and-mortar store 6 said: “We’ve been pleased with the performance Read more at cosmeticsbusiness.com Expert Advice: Eyeko’s Nina Leykind on standing out in the industry 7 Digital: Schick and Skintimate launch no!no! hair removal aims ‘Rock Your Legs’ campaign 8 to regain position in Japan Innovation: Water-based polishes The no!no! hair removal brand will soon be gain popularity with children 9 expanding its presence on the Japanese market, Brands: Jo Malone launches Blue following the signing of an exclusive distribution Skies & Blossoms collection 10 agreement by PhotoMedex’s Radiancy subsidiary People: Noah Galloway for Cole 11 and Synergy Trading Corporation. The agreement will see the no!no! 8800 and The Final Word: Nominet’s Nick Wenban-Smith on fighting fraud 12 no!no! PRO distributed in Japan by Synergy, which is based in Osaka and is a prominent Japanese importer of US and European News Editor Lucy Copp SUSSEXIM EXPANSION PAYS OFF consumer products in the country. Synergy has Acting Reporter Kathleen Armstrong US-based SussexIM, a design, engineering, lean placed an initial stocking order of $1.2m for Freelance Correspondents manufacturer and post-moulding plastics-related immediate shipment. Sarah Cohen, Adrian Holliday, company, has reported a 15% increase in In addition to the two models above, Synergy Patricia Mansfield-Devine production capacity and 12% more personnel is also due to launch two new no!no! models Production Designer Ross Murdoch as a result of a long term project for major facility next year and has a right of first refusal Art Editor Sibylla Duffy and personnel expansion. to market other Radiancy consumer products. Digital Production Nita Salem The company invested more than $1m in the The current distribution agreement is binding Editorial Director Erika Hatva expansion; its annual growth rate has averaged at until 31 December 2016 and is said to be Managing Director Colin Bailey-Wood 11% over the last five years. renewable after that date. President Keith Everson said: “Our annual Dr Dolev Rafaeli, Chief Executive Officer of HPCi Media Limited Unit 1, Vogans Mill Wharf, 17 Mill Street, growth rate... is an exciting example of how US PhotoMedex, said: “Synergy Trading Corporation, London SE1 2BZ, UK production know-how can compete globally, with its proven marketing capabilities and a +44 20 7193 1279 against offshore providers, by delivering superior strong track record with global brands, is an ideal quality, innovation and return on investment.” choice for no!no! in Japan.” He added: Editorial +44 20 7193 9502 SussexIM, which creates packaging for the likes “Synergy’s President and CEO, Toshihiro [email protected] of cosmetics brands such as L’Oréal, became part Haranaka, has built a powerhouse marketer in Subscriptions +44 20 7193 1279 [email protected] of REXAM in 1999 and emerged as SussexIM via only 15 years. Its reach includes more than 6,000 a management buy-out in 2010. retail sites including all the leading department The company recently announced a stores, speciality electronics stores and general partnership with InkWorks Printing – said to be merchandisers throughout Japan. In addition, Subscription Details “the first commercially-available combination of Synergy’s print, television, radio The subscription includes full digital access to the in-mould labelling and digital watermarking with and web-based advertising and cosmeticsbusiness.com website, engineered results”, according to the company. its established call centre will as well as the weekly Cosmetics “Now, brand owners in cosmetics, personal support the return of no!no! Business News and monthly care and household products and more have to a country that historically Cosmetics Business Markets quick turnaround access to a visually exciting and accounted for a significant print magazines. cost efficient alternative to pad printing and hot portion of our consumer sales.” stamping,” Everson said. “Our alliance is another Haranaka added: “no!no! ©HPCi Media Limited example of how we at SussexIM continually strive Hair is held in high regard by Articles published in this newsletter may only to offer the value-added technology our consumers in Japan and we be reproduced with permission. The publisher accepts no responsibility for any statements customer-partners need to differentiate their are confident in the brand’s made
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