Coty CEO Scannavini Steps Down

Posted: September 29, 2014

Coty CEO Michele Scannavini has resigned due personal reasons, according to the company. Chairman Bart Becht will take over as interim CEO while the company begins immediate search for a successor. Becht will continue to serve as Coty’s chairman after a new chief executive is hired.

Scannavini also resigned his spot on the company’s board. He became CEO in August 2012 after working as the president of Coty Prestige since he joined the company in 2002.

“Michele has been a material part and key contributor to Coty’s success over the past decade,” Becht said in a news release. “We would like to thank him in particular for taking Coty public through a listing on the New York Stock Exchange and developing a clear strategy for Coty’s future.”

Coty went public in June 2013, as the company sought to fuel continued growth, particularly in international markets.

Related Topics: Announcements (Marketers)

September 2014 Ingredient Supplier News

Posted: August 27, 2014

BASF’s Tinosorb A2B micronized UV filter received EU approval for use in cosmetics under the new EU Cosmetics Regulation.

Coast Southwest acquired an additional 33,107-square-foot warehouse/office facility at the company’s headquarters in Placentia, California.

Croda announced the Ecocert approval of two of its transparent grades of mineral UV filters, Solaveil CT-300 (titanium dioxide) and Solaveil CZ-300 (zinc oxide). Also, Croda announced its Chanac, France, manufacturing site achieved certification to the EFfCI’s (European Federation for Cosmetic Ingredients) GMP (Good Manufacturing Practice).

The HallStar Company announced a strategic expansion of its natural functional ingredients portfolio with the recent acquisition of the Florasolvs natural esters product line from FloraTech. The acquisition includes the FloraTech trade names and proprietary manufacturing technology for the Florasolvs-series brand natural esters, including the PEG-150 Hydrogenated Jojoba, PEG-120 Jojoba, PEG-80 Jojoba, PEG-16 Macadamia, and PEG-10 Sunflower product lines.

Floratech appointed Safic-Alcan Italia, located in Milan, as its distributor in Italy.

Related Topics: Announcements (Suppliers)

Olay Names Katie Holmes Global Brand Ambassador

Posted: September 26, 2014

Olay named actress Katie Holmes as its first global brand ambassador. Holmes will represent the Olay global brand campaign, Your Best Beautiful, designed to encourage women to never settle and be their “best beautiful” in their lives and in their skin.

“I’m very excited to be the Olay Global Brand Ambassador,” said Holmes. “Olay is a brand I respect, trust and believe in. I love the products and message to women to never settle and put their best face forward, every day.”

Related Topics: Announcements (Marketers)

Consumer Buys for Needs, Function While Industry Sells by Category

Posted: September 17, 2014

Diagonal Reports believes that the beauty industry and the consumer are out of sync, reporting that consumers view beauty by functional need rather than by category. This finding is reported in its Lexicon of Beauty 2015-2025, which remaps the beauty industry according to function.

Consumers conceptualize beauty in terms of their needs. They always focus on the outcome, for example, to achieve a “younger” or a “fairer” skin and clean and/or manageable hair. The universal starting point for everyone is “me” and “my problem.”

This is quite a different lens to that used by formulators and brand or category managers. Beauty consumers are far less concerned with the “wrapping”—the category classification, the technology, the channel, the segment.

Dissatisfaction with the usefulness of traditional product categories goes back a long time. Research by Diagonal Reports shows that even in the late 1990s, consumers in the United States and Europe were increasingly focused on the function of hair and skin care products. That could not have developed into a popular movement without the internet and social media, which facilitated and accelerated this trend globally. Today, many millions of beauty consumers around the world are talking to each other using a different language or lexicon. This classification is outside the control of the industry, which still conceptualizes in terms of legacy categories.

The rewards for matching needs with products are great. A historical sweep of research reports shows a consistent trend: companies successfully enter the market by focusing on buyers’ problems. These small (but agile) players now account in aggregate for a significant share of sales. Crucially, many minnows are strategically positioned for future market expansion. The common market entry point is the uncommercialized and unbranded products/regimes that exist in the consumer but not the industry lexicon. Massage is the most striking example. It revolutionized skin care and represents a new mass treatment category, still largely unconsolidated. But massage was ignored for years because of the widespread (industry) observance of the square pegs and round holes rule.

Diagonal Reports has been compiling intelligence on consumers’ beauty regimes and practices worldwide for many years that did not otherwise fit in. In its report, it identifies the beauty behaviors that represent skin and hair care market opportunities. This lexicon is accessible by explaining different beauty needs, cultures and regimes.

Impact Colors Releases Color Trends 2016+

Posted: September 17, 2014

Impact Colors has released its color trends report for 2016 and beyond. The seventh annual Color Trends 2016+ highlights four distinct trends: Artland, Enchanted, Cosmos and Rendezvous.

The Color Trend 2016+ program consists of a  20-minute video presentation of ideas, concepts, and images followed by an intimate offering of 20 color proposals harmonized with each Color Trends theme.

The trend forecast was exclusively developed by the highly recognized market development expert Sunny Maffeo of Sunny Maffeo Partner, LLC. Maffeo specializes in color trend forecasting and special effects in the beauty, personal care, packaging, paper and coatings industries. Her long-range and global approach to color trends makes her truly innovative in global markets and multiple product categories.

 “We are very enthusiastic about sharing our vision of future trends with our clients,” said Doug Thornley, CEO of Impact Colors. “We have formulated an adventurous palette of 20 astonishing pigments and effects to compliment the trends that will capture the industry in 2016 and beyond. These products create a global expression of color and texture that will add excitement and exotic flair to our clients’ personal care formulations.”

Each of the four fables encapsulates lifestyle and design influences from across and beyond this world. Artland is inspired by the creative energy in urban environments where musicians, fashion designers, and artists express themselves in powerful ways. The color palette consists of soft nudes and blushes on the lips and cheeks juxtaposed with pops of bold contemporary chroma for eyes and nails. The Street Art look, with cheeky packaging in the form of a spray can, features umber lips, and colorfully graphic eyes. “Artland is the perfect trend for chromaholics who crave the energy of color,” said Maffeo. Brushed brows are emphasized. Lashes bring focus to eyes. In Artland, rogue is vogue. Face is canvas. Black, white, and strong colors appear with the confidence of quick bold strokes on a fresh sketch pad. The mood is ink and the packaging is inspired by the shelves at the art store.

With Enchanted, Impact Colors journeys to a magical meadow for looks that recreate the foliage and creatures of the forest. Fairies inspire a pink pixie look while in another interpretation, the greens and browns of the trees embolden the eyes. Peacock plumage coats the nails, and lips are nectar-stained. Silver and blue, also popular in this midnight palette, combine to produce a mysterious look—a new trend that promises adventure and enchantment.

Cosmos is just as it sounds—a theme that features effects of deep space, cosmic gases, and starlight with sparkly, futuristic greys and fierce carbon black. The trend is about displaying superhuman perfection with holographic eyes, shimmering lips, and sleek prismatic packaging that is out of this world. Much like the universe, the possibilities of this trend are infinite. Moon rocks and space punk add intensity. Eyes, lips, nails and lids—sleek and sensual, are dusted with carbon, a statement to minimalism.

The Rendezvous theme reflects the glitz and glamour of high society. Champagne and luxury town cars inspire gilded eyes. High-shine lacquer nails complete with jewel box packaging. “The look is all about status,” Maffeo said. “High profile reds combined with the extra special effect of shimmering gold makes the look pop and set a trend.” No palette is ever complete without an interpretation of those reds. They appear in Rendezvous as lux, high society classics that are Park Avenue perfect for eyes, lips, and nails that light up the room.

Market for Personalized Skin Care Continues to Show Potential

Posted: September 17, 2014

Personal skin care made in the lab to perfectly match each individual customer is predicted to become a big trend in skin care. In a new survey, Canadean investigates the market potential of personal skin care in the U.K.

Currently, Canadean values the global market for personalized skin care to be worth $12.2 billion. Many skin care brands have already responded by offering their consumers in-store skin consultancies to detect their skin type and match them with the right product. Now, the first movers in skin care are taking personalization to a new level when they offer a more scientific approach towards skin care with laboratory tests and individually labeled products.

U.K. consumers are ready for the laboratory approach to skin care, reports Canadean, and its new survey finds that many consumers are prepared to go far to find their personal skin cream match. In fact, 45% of U.K. adults say that they are interested in the laboratory approach to personal skin care, and many of these say that they are prepared to go to a specialized laboratory and would even prefer this compared to getting their personal product from other channels such as department stores or filling out online questionnaires. Of those interested in personalized care products, 54% say they are ready to provide blood, skin and hair samples to be tested in a laboratory, 51% would be interested in giving a DNA swab samples, and 52% would like to go to a medical dermatologist consultation.

Great Potential for the Beauty Industry

Preparing skin care products according to individual recipes takes time, and consumers will most likely have to wait to get their products made. According to the survey, consumers are prepared to wait for up to a month to receive their product, and 59% of consumers are also prepared to pay a premium for such products, indicating a great potential for the beauty industry.

“Over 22 % of skin care consumption by volume globally is driven by individualism,” says Veronika Zhupanova, analyst at Canadean. “And with the development of new technologies, manufacturers have opportunities to take it to a whole new level. Factors such as allergies, genetic predisposal, nutrition, climate and exposure to the sun are all individual needs perfect for tailoring.”

How Does It Work in Practice?

Related Topics: Skin Care (Segments)

2014 Sunscreen Innovation Act Unanimously Passes

Posted: September 18, 2014

The U.S. Senate unanimously passed the Sunscreen Innovation Act (S. 2141) on Sept. 17, 2014, which the Public Access to SunScreens (PASS) Coalition applauded. This passage follows the Senate Health, Education, Labor and Pensions (HELP) Committee’s approval of the bill earlier in the day.

According to PASS, the last over-the-counter (OTC) sunscreen ingredient approved by the U.S. Food and Drug Administration (FDA) was in the 1990s and since 2002, eight new sunscreen applications have been filed—and are still awaiting review, 12 years later. These technologies have been widely available in Europe, Asia, and Central and South America, in some cases for more than 15 years.

Over the past 40 years, melanoma rates have risen 800 percent among young women and 400 percent among young men. The bipartisan Sunscreen Innovation Act (H.R. 4250/S. 2141) would streamline the approval process for new sunscreen ingredients to ensure they receive a transparent review within a predictable timeframe, in turn ensuring the American public gains access to the latest safe, effective and innovative sunscreen products to protect against the sun’s most harmful rays.

“Congress’ commitment to addressing the skin cancer epidemic in the United States was clearly demonstrated in tonight’s Senate passage of the Sunscreen Innovation Act,” said Michael Werner, PASS Coalition Policy Advisor, in a press statement. “It’s a great day for Americans. Now U.S. consumers will be able to get the latest in sunscreen technology that has been available to citizens of countries all over the world.”

Werner added, “Americans have gone more than a decade without the kinds of innovative sunscreen products citizens in other countries have enjoyed for years. Meanwhile, skin cancer has become a public health crisis that has lead U.S. Surgeon General to issue ‘A Call to Action to Prevent Skin Cancer,’ calling for the government and stakeholders to act immediately to address this deadly, but preventable disease.”

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