11.08.11
Unilever Acquires Kalina, Expands Production in Indonesia
RUSSIA: Unilever has acquired 82% of Concern Kalina, Russia’s largest local personal care player with leading positions in skin and hair care and an expected 2011 turnover of approximately €303 million. The transaction, which is pending required regulatory approval, values the equity of the total business at €500 million, according to the UK-based personal care giant.
Concern Kalina, with headquarters and manufacturing facilities in Ekaterinburg, sells its products primarily in Russia, Ukraine and Kazakhstan. It employs around 1,900 people.
“We are delighted to be acquiring Concern Kalina. This will transform Unilever’s personal care business in Russia, giving us leading positions in skin care and hair care, as well as establishing a presence in oral care,” said Paul Polman, CEO of Unilever.“It will also strengthen and re-balance Unilever’s portfolio and competitive position in Russia, an emerging market with considerable potential and one of our priority countries.”
The transaction fulfills a number of key criteria for Unilever—it enhances Unilever’s presence in an attractive, high-growth market with a differentiated portfolio which has grown at above market rates in competitive categories; adds to Unilever’s portfolio successful, authentic Russian brands in skin care, hair care and oral care like Pure Line, Black Pearl, Silky Hands, 100 Recipes of Beauty and Forest Balm, complementing Unilever’s own brands such as Dove, Sunsilk, Timotei and Clear; and provides Unilever with the opportunity to use its technology to take these brands to a new level.
“Personal care is a strategic category for Unilever and growing rapidly,” added Polman. “Ten years ago it represented 20% of group turnover; strong organic growth has driven it to now reach over 30%, with strong positions in many of the emerging markets.”
Timur Goryaev, chairman of Concern Kalina, added, “The agreement reached with Unilever will enable the brands we have built into some of Russia’s best loved and most recognized since we started in 1996 to be taken to new heights.”
Subject to obtaining the required regulatory approvals, the acquisition is expected to complete by the end of 2011. On completion, Unilever intends to launch a mandatory tender offer to acquire the remaining shares that are not part of the initial agreement, at such time and on terms mandated by Russian law.
In other news, Unilever has unveiled its expanded production facilities in Indonesia, which it says will help drive sustainable growth for the company in developing and emerging markets. The company has invested about €90 million to build a new, state-of-the-art personal care factory and to expand existing ice cream and personal care factories to increase Unilever’s capacity for growth and service increasing demand for beauty products and ice cream in Indonesia and in other parts of Asia and Africa.
This investment is part of a €550 million, three-year investment program in the country.
“Unilever, as the emerging markets consumer goods company, has set itself an ambitious goal—to double the size of our business whilst reducing our environmental impact. These new facilities will help us to continue to grow in Indonesia, an important market in which we have strong category positions across our portfolio, as we do across South East Asia,” said Pier Luigi Sigismondi, Unilever’s chief supply chain officer. “These markets contribute significantly to the 54% that Unilever currently generates from emerging markets, a figure we expect to rise substantially over the next 10 years. We are excited by the enormous possibilities these markets offer and more investments will undoubtedly follow.”
The new facilities were officially unveiled at an opening ceremony by Bapak Hatta Rajasa, coordinating minister for economic affairs, in front of distinguished guests and the Unilever board of directors.
M.A.C Cosmetics Supports Emerging Designers
FRANCE: M.A.C Cosmetics has been named the exclusive cosmetics partner of 'En Avant Première, which aims to help emerging brands listed in the Haute Couture, Ready-to-Wear and Menswear official calendars.
Created by the Fédération Française de la Couture, du Prêt-à-Porter des Couturiers et des Créateurs de Mode, the initiative gives the designers’ collections more visibility to the press and buyers on the Mode a Paris website, showcasing the new collections at the time of delivery to the shops.
Designers supported by M.A.C during the Spring Summer 2012 Paris Fashion Week shows include Alexis Mabille, Anthony Vaccarello, Damir Doma, Dévastée, Nicolas Andreas Taralis, Anne Valérie Hash, Gaspard Yurkievich and Steffie Christiaens.
More info: www.maccosmetics.fr
CPL Celebrates Milestone, Raises Funds for Charity
UNITED KINGDOM: Barrington Hall was the venue for the CPL Aromas charity ball, which celebrated the company’s 40th anniversary while raising money forCAFOD, which works in 40 countries to reduce poverty and injustice. More than 200 guests enjoyed a gala evening on Sept. 9 at the grounds of CPL’s head office in the Hertfordshire countryside, which was styled in a Venetian theme.
In attendance were customers, agents and other partners from more than 20 countries who were treated to an evening of entertainment that included a champagne reception, sumptuous meal, music and dancing well into the night. Guests also experienced a spectacular fireworks display in the grounds of Barrington Hall.
The evening included a charity casino, raffle and auction that helped to raise £11,000 for CAFOD. A specially designed limited edition candle was produced as a commemorative souvenir of the evening. The Venetian styled packaging contains a sensationally innovative and luxurious fragrance containing cardamom, coriander, ginger, lavender, nutmeg and vetiver oils.
Jochnick Foundation Increases Stake in Oriflame
SWEDEN:The Stichting af Jochnick Foundation has acquired 211,000 shares in Oriflame Cosmetics S.A., bringing its holding to approximately 11.1% of the votes and capital.
The Stichting af Jochnick Foundation, based in The Netherlands, was established in 2004 by the af Jochnick family after establishing Oriflame Cosmetics. The Foundation, which contributes to the greater good by supporting projects that focus on children, youth, education and world health, was funded with an initial endowment of more than 4 million shares in Oriflame Cosmetics.
Beiersdorf, Plan International Boost Guatemalan Education
GUATEMALA: Nivea and Plan International have launched a project in Guatemala to provide children with a better future through education. In the new Nivea 100 Plan project, which is being set up in Guatemala to mark Nivea’s centenary year, 4,800 children at 40 schools will benefit from this added support in the Alta Verapaz region.
A special edition of the Nivea Crème tin, themed with Nivea’s partnership with Plan, which rolled out in October, supports the project. For each anniversary edition tin purchased, 15 cents goes directly to children in Guatemala.
The brand has also launched an interactive charity promotion on Facebook that enables users to support the Guatemala project by clicking on one of the three virtual Nivea Plan Crème tins in different designs, adding a personalized greeting and sending it to a friend. For every tin that is sent, Nivea will donate another 10 cents. Project funding up to a maximum of €500,000 will be provided, the company said.
AmorePacific Signs Accord with Anterogen
JAPAN: AmorePacific’s R&D Center Medical Beauty Institute has signed a memorandum of understanding with Anterogen to research and develop cosmeceutical products utilizing stem cell-conditioned media.
According to the memorandum, which was signed Sept. 9, both parties will kick off the joint-research on cosmeceutical products associating the most advanced technology on conditioned media of adipose-derived stem cells from Anterogen with dermatological knowledge of AmorePacific R&D Center.
With this memorandum, AmorePacific says it will take decisive action to step up development of cosmeceutical products for dermatological procedures using conditioned media of adipose-derived stem cells.
ANIPS Holds Assembly At Avéne Hydrotherapy Center
FRANCE: The French National Association of Ichthyosis and Dry Skin (ANIPS) recently celebrated its 20th anniversary by holding its general assembly at the Avène Hydrotherapy Centre in France.
For 20 years, ANIPS’ mission has been to help patients and their families feel less isolated, inform them about the disease and available medical care, put them in touch with dermatological specialists, raise awareness of ichthyosis and raise money for research about the disease.
Amway Opens Store in Istanbul
TURKEY: Amway has opened its first store in Istanbul. The company store is the fourth biggest of its kind in Europe, after the Vienna, Munich and London facilities. The new shop gives Amway the opportunity to sell its products in a physical location in the city, rather than directly selling its wares.
According to Tayfun Ergün, Amway Turkey general manager, sales in the country hit $73 million in 2010.
Naturex Provides Funding To School in Casablanca
MOROCCO: This summer, the primary school Mata Nouaceur in Casablanca opened its doors to the sponsors of the association EMA (Enfance Maghreb Avenir). The governor of the Nouaceur Prefecture, the director of the Casablanca Academy, and Jacques Dikansky, president of the Naturex Foundation took part in the celebration.
The financial support of the Naturex Foundation improved the space. However, EMA’s renovation of the school premises is only the beginning. This year, a number of other projects will be completed, including the restoration of classrooms and improvement of green spaces. Additionally, some of classrooms will be equipped with computers. More info: www.naturex.com
RUSSIA: Unilever has acquired 82% of Concern Kalina, Russia’s largest local personal care player with leading positions in skin and hair care and an expected 2011 turnover of approximately €303 million. The transaction, which is pending required regulatory approval, values the equity of the total business at €500 million, according to the UK-based personal care giant.
Concern Kalina, with headquarters and manufacturing facilities in Ekaterinburg, sells its products primarily in Russia, Ukraine and Kazakhstan. It employs around 1,900 people.
“We are delighted to be acquiring Concern Kalina. This will transform Unilever’s personal care business in Russia, giving us leading positions in skin care and hair care, as well as establishing a presence in oral care,” said Paul Polman, CEO of Unilever.“It will also strengthen and re-balance Unilever’s portfolio and competitive position in Russia, an emerging market with considerable potential and one of our priority countries.”
The transaction fulfills a number of key criteria for Unilever—it enhances Unilever’s presence in an attractive, high-growth market with a differentiated portfolio which has grown at above market rates in competitive categories; adds to Unilever’s portfolio successful, authentic Russian brands in skin care, hair care and oral care like Pure Line, Black Pearl, Silky Hands, 100 Recipes of Beauty and Forest Balm, complementing Unilever’s own brands such as Dove, Sunsilk, Timotei and Clear; and provides Unilever with the opportunity to use its technology to take these brands to a new level.
“Personal care is a strategic category for Unilever and growing rapidly,” added Polman. “Ten years ago it represented 20% of group turnover; strong organic growth has driven it to now reach over 30%, with strong positions in many of the emerging markets.”
Timur Goryaev, chairman of Concern Kalina, added, “The agreement reached with Unilever will enable the brands we have built into some of Russia’s best loved and most recognized since we started in 1996 to be taken to new heights.”
Subject to obtaining the required regulatory approvals, the acquisition is expected to complete by the end of 2011. On completion, Unilever intends to launch a mandatory tender offer to acquire the remaining shares that are not part of the initial agreement, at such time and on terms mandated by Russian law.
In other news, Unilever has unveiled its expanded production facilities in Indonesia, which it says will help drive sustainable growth for the company in developing and emerging markets. The company has invested about €90 million to build a new, state-of-the-art personal care factory and to expand existing ice cream and personal care factories to increase Unilever’s capacity for growth and service increasing demand for beauty products and ice cream in Indonesia and in other parts of Asia and Africa.
This investment is part of a €550 million, three-year investment program in the country.
“Unilever, as the emerging markets consumer goods company, has set itself an ambitious goal—to double the size of our business whilst reducing our environmental impact. These new facilities will help us to continue to grow in Indonesia, an important market in which we have strong category positions across our portfolio, as we do across South East Asia,” said Pier Luigi Sigismondi, Unilever’s chief supply chain officer. “These markets contribute significantly to the 54% that Unilever currently generates from emerging markets, a figure we expect to rise substantially over the next 10 years. We are excited by the enormous possibilities these markets offer and more investments will undoubtedly follow.”
The new facilities were officially unveiled at an opening ceremony by Bapak Hatta Rajasa, coordinating minister for economic affairs, in front of distinguished guests and the Unilever board of directors.
M.A.C Cosmetics Supports Emerging Designers
FRANCE: M.A.C Cosmetics has been named the exclusive cosmetics partner of 'En Avant Première, which aims to help emerging brands listed in the Haute Couture, Ready-to-Wear and Menswear official calendars.
Created by the Fédération Française de la Couture, du Prêt-à-Porter des Couturiers et des Créateurs de Mode, the initiative gives the designers’ collections more visibility to the press and buyers on the Mode a Paris website, showcasing the new collections at the time of delivery to the shops.
Designers supported by M.A.C during the Spring Summer 2012 Paris Fashion Week shows include Alexis Mabille, Anthony Vaccarello, Damir Doma, Dévastée, Nicolas Andreas Taralis, Anne Valérie Hash, Gaspard Yurkievich and Steffie Christiaens.
More info: www.maccosmetics.fr
CPL Celebrates Milestone, Raises Funds for Charity
UNITED KINGDOM: Barrington Hall was the venue for the CPL Aromas charity ball, which celebrated the company’s 40th anniversary while raising money forCAFOD, which works in 40 countries to reduce poverty and injustice. More than 200 guests enjoyed a gala evening on Sept. 9 at the grounds of CPL’s head office in the Hertfordshire countryside, which was styled in a Venetian theme.
In attendance were customers, agents and other partners from more than 20 countries who were treated to an evening of entertainment that included a champagne reception, sumptuous meal, music and dancing well into the night. Guests also experienced a spectacular fireworks display in the grounds of Barrington Hall.
The evening included a charity casino, raffle and auction that helped to raise £11,000 for CAFOD. A specially designed limited edition candle was produced as a commemorative souvenir of the evening. The Venetian styled packaging contains a sensationally innovative and luxurious fragrance containing cardamom, coriander, ginger, lavender, nutmeg and vetiver oils.
Jochnick Foundation Increases Stake in Oriflame
SWEDEN:The Stichting af Jochnick Foundation has acquired 211,000 shares in Oriflame Cosmetics S.A., bringing its holding to approximately 11.1% of the votes and capital.
The Stichting af Jochnick Foundation, based in The Netherlands, was established in 2004 by the af Jochnick family after establishing Oriflame Cosmetics. The Foundation, which contributes to the greater good by supporting projects that focus on children, youth, education and world health, was funded with an initial endowment of more than 4 million shares in Oriflame Cosmetics.
Beiersdorf, Plan International Boost Guatemalan Education
GUATEMALA: Nivea and Plan International have launched a project in Guatemala to provide children with a better future through education. In the new Nivea 100 Plan project, which is being set up in Guatemala to mark Nivea’s centenary year, 4,800 children at 40 schools will benefit from this added support in the Alta Verapaz region.
A special edition of the Nivea Crème tin, themed with Nivea’s partnership with Plan, which rolled out in October, supports the project. For each anniversary edition tin purchased, 15 cents goes directly to children in Guatemala.
The brand has also launched an interactive charity promotion on Facebook that enables users to support the Guatemala project by clicking on one of the three virtual Nivea Plan Crème tins in different designs, adding a personalized greeting and sending it to a friend. For every tin that is sent, Nivea will donate another 10 cents. Project funding up to a maximum of €500,000 will be provided, the company said.
AmorePacific Signs Accord with Anterogen
JAPAN: AmorePacific’s R&D Center Medical Beauty Institute has signed a memorandum of understanding with Anterogen to research and develop cosmeceutical products utilizing stem cell-conditioned media.
According to the memorandum, which was signed Sept. 9, both parties will kick off the joint-research on cosmeceutical products associating the most advanced technology on conditioned media of adipose-derived stem cells from Anterogen with dermatological knowledge of AmorePacific R&D Center.
With this memorandum, AmorePacific says it will take decisive action to step up development of cosmeceutical products for dermatological procedures using conditioned media of adipose-derived stem cells.
ANIPS Holds Assembly At Avéne Hydrotherapy Center
FRANCE: The French National Association of Ichthyosis and Dry Skin (ANIPS) recently celebrated its 20th anniversary by holding its general assembly at the Avène Hydrotherapy Centre in France.
For 20 years, ANIPS’ mission has been to help patients and their families feel less isolated, inform them about the disease and available medical care, put them in touch with dermatological specialists, raise awareness of ichthyosis and raise money for research about the disease.
Amway Opens Store in Istanbul
TURKEY: Amway has opened its first store in Istanbul. The company store is the fourth biggest of its kind in Europe, after the Vienna, Munich and London facilities. The new shop gives Amway the opportunity to sell its products in a physical location in the city, rather than directly selling its wares.
According to Tayfun Ergün, Amway Turkey general manager, sales in the country hit $73 million in 2010.
Naturex Provides Funding To School in Casablanca
MOROCCO: This summer, the primary school Mata Nouaceur in Casablanca opened its doors to the sponsors of the association EMA (Enfance Maghreb Avenir). The governor of the Nouaceur Prefecture, the director of the Casablanca Academy, and Jacques Dikansky, president of the Naturex Foundation took part in the celebration.
The financial support of the Naturex Foundation improved the space. However, EMA’s renovation of the school premises is only the beginning. This year, a number of other projects will be completed, including the restoration of classrooms and improvement of green spaces. Additionally, some of classrooms will be equipped with computers. More info: www.naturex.com