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Latest From Lauren Nardella
With Democrats in control of the House and New Jersey Rep. Frank Pallone in line for chair of the Energy & Commerce Committee, cosmetics regulatory reform legislation could receive even more attention in the 116th Congress than in the current session. The new climate could test how serious big business is about embracing large-scale changes as well as lawmakers’ openness to federal preemption.
The firm is confident that prestige beauty demand in China will remain a constant, translating to double-digit growth over the long term, but it’s taking a prudent approach to guidance in light of possible tariff impacts, among other unknowns. Lauder’s first-quarter sales totaled $3.52bn, up 11% in organic terms.
The UK is converting the EU’s Cosmetics Regulation and REACH into UK law, holding out hope that mutual interests will yield an arrangement for “frictionless trade.” However, the Cosmetic, Toiletry and Perfumery Association notes “the political landscape is very uncertain.”
The Italian firm’s polyhydroxyalkanoate microspheres are naturally derived, high-performing and 100% biodegradable in water in less than two weeks, it says. Consultancy Frost & Sullivan sees Bio-on as a potential leader in the cosmetic industry’s “bio-polymeric ingredient revolution,” provided that regulations cooperate.
Regulatory changes under consideration could bring Chinese cosmetics requirements more in line with global standards, but others could complicate matters for companies that have avoided animal testing via cross-border e-commerce. While much remains hazy, it's clear that industry would benefit from China's increased openness to alternative tests to substantiate cosmetic safety.
The battle between hazard and risk ideologies goes on as NGO Women’s Voices for the Earth calls for the removal of five fragrance ingredients from personal-care products that FDA recently – if reluctantly – struck from its list of approved food additives. The agency maintains the substances pose no risk to public health.