THE WHAT? International Flavors & Fragrances is said to be mulling the sale of its Lucas Meyer Cosmetics unit, according to a report published by Bloomberg quoting ‘people with knowledge of the matter’. The cosmetics ingredients division is said to be valued at approximately US$1 billion.
THE DETAILS Croda, Givaudan and Symrise have all been namechecked as potential buyers. All companies declined to comment when contacted by Bloomberg.
THE WHY? IFF is currently engaged in a ‘portfolio optimization’ exercise, according to Bloomberg, having slashed its sakes forecast for the year earlier this month. IFF’s share price experienced an uplift as news of a potential sale filtered through to the markets.
Buying aesthetics supplies typically involves sourcing these items from licensed distributors, manufacturers, or specialized suppliers who cater specifically to the needs of aesthetic professionals. These supplies are integral to performing aesthetic treatments aimed at enhancing skin appearance, addressing various skin concerns, and improving overall beauty and wellness.
Examples of aesthetics supplies include:
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Dermal Fillers: Injectable substances used to add volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
