The numbers, as they say, never lie. And this year, our annual ranking of the largest global beauty manufacturers by sales, tells a story of an industry — and world — rocked by the coronavirus pandemic.
The German beauty giant has teamed with SABIC for the project.
Called Chaul, the three-product skin-care range entered South Korea before being rolled out elsewhere in the region.
The German skin-care maker’s sales declined 1.9 percent in reported terms and 3.6 percent on an organic basis in the first quarter.
Some companies are also sharing outlooks for 2020.
The move accelerates the beauty giant’s sustainable actions.
The German beauty giant said it had taken a “significant stake” in Lycl Inc.
Called Nivea Accelerator NX, the incubator will work with five beauty companies chosen out of more than 200 contenders.