Corporate strategy - Page 4

Coty looks to strengthen luxury business

A little over six months after the appointment of CEO Sue Y. Nabi, US-based Coty is looking to ramp up its luxury fragrances business and become a key player in prestige make-up as part of a new growth acceleration strategy. Luxury and China are[…]

Metsä Board boosts investment in mills, R&D

Finnish paperboard supplier Metsä Board is investing in production at its Husum and Kemi mills and exploring new technologies at its Excellence Centre, including barrier solutions to replace plastic in certain packaging applications and[…]

Cosfibel kicks off a new chapter

Acquisitions, new management, market reorientation, digitalization... French packaging group Cosfibel is gearing up for a major new stage in its development. The big news this year from French premium packaging group Cosfibel is the acquisition[…]

Interview

Parfums Caron's CEO on combining heritage and novelty

Under the ownership of Ariane de Rothschild since 2018, Parfums Caron is in reinvention mode. In our sneak preview of the feature interview to be published in the upcoming issue of sister magazine Formes de Luxe, CEO Hugues de la Chevasnerie[…]

Albéa invests in US Tubes business, Mexico plant

As it works towards its goal of making its packaging 100% recyclable, reusable or compostable by 2025, beauty packaging manufacturer Albéa has invested in its Tubes business in the US, as well as its Matamoros plant in Mexico, with a new[…]

KDC/One: priority on regional expansion, greener packs

Following a spate of acquisitions over the last two years in the beauty arena, Canadian full-service beauty supplier KDC/One is looking to develop its presence outside of North America with “aggressive growth plans” for the Asia region. Work is[…]

Aura Blockchain Consortium: Richemont, LVMH & Prada Group join forces for global luxury platform

In a rare show of collaboration among luxury giants, and at a time when authenticity is taking on increased importance with the rise of resale, Richemont, LVMH and the Prada Group are addressing transparency and traceability issues in the luxury[…]

Stora Enso announces closure of two paper & pulp mills, production to fall by 35%

Paperboard specialist Stora Enso announced today that it will close down its loss-making Kvarnsveden and Veitsiluoto pulp and paper production mills in the third quarter of 2021. Paper sales will fall by €600m. The continued decline in demand[…]

Procos opens US office

German packaging manufacturer Procos has expanded into the US with the opening of a Procos Americas office in New York. Sébastien Williams has been appointment Sales Manager of Procos Americas.

Eastman signs MoU with ELC for recycled plastics

The Estée Lauder Companies (ELC) has signed a global Memorandum of Understanding with chemicals company Eastman to boost its use of recycled and recyclable plastics in its packaging. ELC is to incorporate packaging solutions enabled by Eastman’s[…]