The global cosmetic industry has been on the rise over the past couple of years and is being estimated to be valued at $11.7 billion by 2023.
Sensory modifiers are ingredients used in cosmetic and personal care formulations which enhance the tactile properties of these products. These consist of a class of ingredients specifically formulated to address deficiencies in the sensory properties of personal care products, or convert any potential issues in formulations impacting the sensory properties into something which results in an optimum experience for consumers.
This week, Durig Capital takes a second look at an iconic cosmetic company that is continuing to refine its market strategy. Revlon, founded in 1932, has been identified with some of Hollywood’s biggest stars over the years. The company, under the direction of a new President and CEO, has recently posted some fantastic results for the third quarter including:
Adjusted operating income increased by 82% year-over-year.
A 35% increase in Adjusted EBITDA.
An increase in e-commerce sales of 23%.
Significant sales increases in China as well as North America.
This week, Durig Capital takes a look at a 130-year old company, whose name is synonymous with direct selling. Avon Products is now a global manufacturer and distributor of a wide range of beauty products. The company’s recently posted its most recent quarterly results. Some of the highlights include:
A 62% increase in operating profit.
The company’s average order was up 6%.
- Operating margin was up 160 basis points over last year’s Q2.