German chemical and consumer goods company Henkel announced on Monday that it has signed an agreement to acquire NYC-based Deva Parent Holdings, owner of high-growth specialist professional haircare brand DevaCurl.
The German consumer goods company has announced the official opening of its Experience Center at its Consumer Products HQ in Stamford, Connecticut, an interactive destination for the group’s strategic retail partners.
Shares in Beiersdorf dropped more than 10% on Wednesday after the maker of Nivea skin cream warned that its operating margin would fall in 2019 as it invests to compete with niche brands that are disrupting the sector.
German consumer goods company Henkel announced new hair care formulations and brands on Thursday, seeking to tap into demand for more natural ingredients as it tries to revive sluggish growth in its beauty business.
Henkel shares tumbled on Monday after the maker of Schwarzkopf shampoo and Persil detergent warned earnings would fall this year as it steps up investment in brands and digital technology to try to revive growth.