Shares in Symrise AG rose as much as 7 percent in early trade on Friday, driven by speculation that Japan's Ajinomoto Co was eyeing the German fragrance and flavours maker, having lost out in the bidding for both Wild Flavors and Diana.
L'Oréal finalised the buyback of an 8 percent stake in the French cosmetics giant from the Swiss food group Nestle in a deal that will boost earnings per share by more than 5 percent on a full year basis.
Seaweed may not be the first ingredient that springs to mind for perfume. But algae are among obscure ingredients to which perfume makers are turning to preserve the scent of their fragrances in the face of new EU anti-allergy restrictions.
Foreign brands in China's consumer goods market are facing stiffer competition from domestic rivals, with about 60 percent of firms overseas losing market share last year, a private study of 40,000 households showed on Tuesday.
Cosmetics maker L'Oreal USA has agreed to settle U.S. complaints that its advertisements for skin care products Lancome Genifique and L'Oreal Paris Youth Code were deceptive, the Federal Trade Commission said on Monday.
Lacoste L!ve is launching its first fragrance through a licensing agreement with Procter & Gamble Prestige. The scent for men will be accompanied by a complete range and will tie into a digital and TV campaign to begin in July.