Coty has named Pierre-André Terisse as chief financial officer, Gianni Pieraccioni as chief operating officer and Luc Volatier as chief global supply officer and a member of the company's executive committee.
Johnson & Johnson, L’Oreal and others have splashed out on cutting-edge cosmetics in Japan and Korea, seeking clout and innovation. But local beauty brands like Shiseido and Amorepacific could still reverse the trend.
The news that sales fell at Walgreens Boots Alliance and that the firm wants $1bn in cost savings has shone the spotlight firmly on UK beauty chain Boots and could see it responsible for a huge chunk of the cuts.
India’s drugs regulator has ordered Johnson & Johnson to stop manufacturing its Baby Powder in two of its Indian factories until test results prove they are free of asbestos, a senior official said on Thursday.