Features

The International Top 30

August 11, 2014

Maybe those three little pigs were wrong; at least one economist thinks so.

David Levy, who publishes the Levy Forecast newsletter, expects the US economy to tumble into recession next year due to weakness in emerging markets such as Brazil, Russia and China. Like so many other prognosticators, Levy has a rich history of getting calls right—the only thing is, they weren’t his calls. His grandfather reportedly called the 1929 stock market crash and his father was said to have credibly called turns in the business cycle, often against conventional wisdom, according to reports. We don’t know if there’s an economic gene, but even the most casual market watchers realize that this recovery is getting a bit long in the tooth and, all three countries have their issues.

Brazil’s economy has stagnated, the government of President Dilma Rousseff faces a difficult election in the fall and that source of national pride, the futbol team, was crushed at its own World Cup. It all suggests that the Brazilian Miracle run out of steam.

Russia, of course, faces isolation from the rest of the world following the debacle in the Ukraine and the downing of a Malaysian airliner by Ukraine separatists. Yes, Europe needs Putin’s oil, but investors have been scared off by the chilling events of the past few months. As far back as April, the International Monetary Fund cut its already modest 2014 growth forecast for Russia, warning that Ukraine-related sanctions were pushing the economy toward recession. Even before the latest crisis, the IMF said Russian output would grow just 0.2% this year, cutting its estimate from 1.3% and earlier 3% in its fourth downward revision in a row.

The situation seems to be improving in China, where HSBC upgraded its forecast for China’s year-on-year gross domestic product growth to 7.5%—not the double-digit gains of yesteryear, but impressive nonetheless. And even though the Chinese economy is expected to have its share of hiccups, HSBC maintains that the government has enough tools at its disposal to keep the economy from faltering.

But the best news for the BRICs may be coming out of India, where Prime Minister Narendra Modi plans to attract investment by cutting subsidiaries and upgrading bridges and roads. The moves are expected to boost GDP gains from 4.5% last year to 6.5% in 2016.

In these turbulent times, betting on FMCG companies with a knack for understanding global markets seems like the right move. You know many of them; companies like Unilever, L’Oréal and Henkel—all of which are included in The International Top 30 on the pages that follow.

The International Top 30

1. Unilever
United Kingdom • $36.8 billion


2. L’Oréal
France • $31.4 billion


3. Henkel
Germany • $10.9 billion


4. Reckitt Benckiser
United Kingdom • $9.5 billion


5.  Kao
Japan • $8.4 billion


6. Shiseido
Japan • $7.4 billion


7. Beiersdorf
Germany • $6.9 billion


8. LVMH
France • $5.0 billion


9. Amore Pacific
South Korea • $3.5 billion


10. LG Household and Healthcare
South Korea • $3.3 billion


10. Natura
Brazil •  $3.3 billion


12. Lion
Japan • $3.2 billion


12. Yves Rocher
France • $3.2 billion


14. GlaxoSmithKline
United Kingdom • $3.0 billion


15. Chanel
France • $2.4 billion


15. O Boticario
Brazil • $2.4 billion


17. Bolton
The Netherlands • $2.3 billion


18. Belcorp
Peru • $1.9 billion


18. Oriflame
Sweden • $1.9 billion


20. Kosé
Japan • $1.8 billion


21. Pierre Fabre
France • $1.7 billion


22. Clarins
France • $1.6 billion


22. Puig
Spain • $1.6 billion


24. Pola Orbis
Japan • $1.5 billion


25. L’Occitane
France • $1.4 billion


25. Sunstar
Switzerland • $1.4 billion


27. PZ Cussons
United Kingdom • $1.3 billion


28. McBride
United Kingdom • $1.2 billion


29. Yanbal
Peru • $848 million


30. Fancl
Japan • $810 million

blog comments powered by Disqus
  • Electric Slide

    Electric Slide

    Melissa Meisel, Associate Editor||February 3, 2016
    Skin care devices bring anti-aging to the next level

  • Crowning Glory

    Crowning Glory

    Christine Esposito , Associate Editor||February 3, 2016
    Celebrity stylists and experts from leading hair care brands talk about the ingredients and formats driving the styling sector.

  • Innovation On Display

    Melissa Meisel, Associate Editor||February 3, 2016
    P&G Beauty Digital Studio showcases new products for 2016

  • Testing for Sustainable Preservatives

    Adam P. Byrne, William Michael Hart-Cooper, Kaj Johnson, Larry H. Stanker, Dominic W. S. Wong, William J. Orts||January 4, 2016
    A rapid, inexpensive and qualitative protocol for determining microbial growth inhibition.

  • Burgeoning Beauty

    Burgeoning Beauty

    Melissa Meisel, Associate Editor||January 4, 2016
    A look at trailblazers for 2016 and beyond.

  • Looking Great, Even at 70!

    Tom Branna, Editorial Director||January 4, 2016
    The Society of Cosmetic Chemists marked its 70th anniversary during the annual meeting in New York last month.

  • It’s All About Teamwork

    It’s All About Teamwork

    Melissa Meisel , Associate Editor||January 4, 2016
    Collaboration was the theme of the Consumer Specialty Products Association 2015 annual meeting.

  • Making Sense of Smells

    Making Sense of Smells

    Tom Branna, Editorial Director||January 1, 2016
    Household product perfumery is more complex than ever, with a variety of notes obtained from many different sources.

  • Pod Nation

    Pod Nation

    Christine Esposito, Associate Editor||January 1, 2016
    Laundry detergent sales remain steady, but where consumers are spending their money and how they’re cleaning clothes is chan

  • Innovator to the End

    Innovator to the End

    Tom Branna, Editorial Director||December 2, 2015
    After nearly 40 years in the industry, Kevin Gallagher is set to retire from Croda.

  • In-Cosmetics Paris Has Sights on US

    In-Cosmetics Paris Has Sights on US

    Imogen Matthews , In-Cosmetics||December 2, 2015
    Market focus is on the USA.

  • Actives, Not Words

    Actives, Not Words

    Tom Branna , Editorial Director||December 2, 2015
    Today’s active skin care ingredients provide a host of benefits to the skin.

  • Silent Partners

    Silent Partners

    Christine Esposito, Associate Editor||December 2, 2015
    I&I suppliers are behind-the-scenes, but critical partners that help keep businesses running and consumers safe.

  • Cleansing Conditioners

    Cleansing Conditioners

    Denise Costrini and Christophe Toumit , Croda Personal Care North America||December 2, 2015
    Relying on consumer data, Croda researchers detail the drivers behind these successful formulas.

  • Trading Up

    Trading Up

    Melissa Meisel , Associate Editor||December 2, 2015
    Today’s shampoos & conditioners feature indulgent ingredients.

  • Just Wild About Harry’s Cosmeticology

    Just Wild About Harry’s Cosmeticology

    Tom Branna, Editorial Director||November 2, 2015
    The ninth edition, edited by Meyer Rosen, has been expanded and improved with an emphasis on the future of the industry.

  • Lush Is Flush with Novel Ideas

    Lush Is Flush with Novel Ideas

    Tom Branna, Editorial Director||November 2, 2015
    New products are the lifeblood of every company. Lush will launch more than 200 of them.

  • Davids and Goliaths

    Davids and Goliaths

    Christine Esposito, Associate Editor||November 2, 2015
    Big brands dominate the oral care category, but a cadre of smaller players vie for customers looking for alternatives.

  • What Do You Mean by Clean?

    What Do You Mean by Clean?

    Tom Branna, Editorial Director||November 2, 2015
    Household cleaning has undergone many changes over the years and more are on the way, as suppliers develop novel ingredients.

  • Falling Ahead

    Falling Ahead

    Christine Esposito, Associate Editor||November 2, 2015
    Juice sales have been driving growth as the fine fragrance category heads into the holiday season.

  • A Fresh Take

    A Fresh Take

    Melissa Meisel, Associate Editor||November 2, 2015
    Today’s soaps and shower products do more than just cleanse—they solve skin quandaries, are portable or even look whimsical!

  • Beauty Connection: a Platform for the Future

    Beauty Connection: a Platform for the Future

    November 2, 2015
    Happi spoke to Frédéric Boned, senior director global marketing and innovation for personal care at DSM, and David Paxton, global consumer and market insight manager, about the company’s new Beauty Connection platform and how market and consumer insights are incorporated into DSM’s innovation strategy.

  • Contract Manufacturing/Private Label Directory

    Contract Manufacturing/Private Label Directory

    October 1, 2015
    Our directory is your source to find a manufacturer to get your product to market.

  • Winner Unmasked

    Winner Unmasked

    October 1, 2015
    Laneige’s Water Sleeping Mask takes home top honors as Happi’s first Anti-Aging Product of the Year.

  • A Design for Living

    A Design for Living

    Tom Branna, Editorial Director||October 1, 2015
    Cornell McBride Sr. has had a range of successes during his 40-plus years in the hair care business.