Coty Inc., a leading global beauty company, has announced the signing of celebrity and supermodel Heidi Klum to develop and market her new signature fragrance, Heidi Klum Shine.

Wal-Mart's entertainment union with Procter & Gamble Co is not a marriage made in movie heaven yet, according to P&G's top executive.

Aramis and Designer Fragrances, a division of The Estée Lauder Companies Inc., has announced the executive appointment of Stéphane de la Faverie to the newly created position of global senior vice president and general manager of the Aramis brand.

German drugstore owner Erwin Mueller's move to further raise his stake in Douglas comes as no surprise to the fragrance-to-jewellery retailer, its chief executive said in response to statements by Mueller.

Retailers across Asia are poised for a sales boost during the Lunar New Year holidays as China's new ranks of big spenders head abroad for the peak shopping period.

German drugstore owner Erwin Mueller owns more than 10 percent of fragrance-to-jewelry retailer Douglas and is considering raising the stake to 15 percent in the coming months.

Following in the footsteps of Jennifer Lopez and Beyonce, Gwen Stefani has announced that she will be the next face of cosmetics giant L'Oreal Paris.

Thanks to an autograph hunter in Las Vegas who asked to borrow a pen, a French perfumer is poised to launch his-and-hers fragrances in memory of Michael Jackson.

International Flavors & Fragrances has just announced that it plans to invest over $100 million in Greater Asia over the next three years. The investment will be allocated to two new manufacturing facilities located in Guangzhou (China) and Singapore.

After its exit in 2009, Versace has decided to return to the Japanese market, where F/W 2011 collections will be sold at luxury department stores in Tokyo and Osaka. This re-entry will be led by Hiroshi Saito, the newly appointed CEO of Versace Japan.

Nivea skin cream maker Beiersdorf said it was unhappy with the performance of its core consumer business unit in 2010, which saw sales rise just 1.6 percent.

The beauty products company said its earnings per share will now exceed its Nov. 4 forecast of 90 cents to $1.00 per share for the quarter ended Dec. 31.

Fragrance company Inter Parfums SA and British luxury company Burberry have extended by one year certain terms of their fragrance license. According to Inter Parfums's CEO, the two companies currently have a range of projects under development.

Inter Parfums SA has just signed a 15-year exclusive worldwide license agreement with Boucheron to create, produce and distribute perfumes and auxiliary products under the Boucheron brand. Development of a new fragrance is planned for 2012.

Kohl's has just announced plans to expand its ELLE-branded collection into fashion jewellery and beauty, available exclusively in Kohl’s 1,089 US stores and Kohls.com beginning Spring 2012.