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Henkel and KKR proceed to second round of bidding for Coty Professional Division; Ulta Beauty exceeds full year 2019 expectations; beauty brands rank highly on world's most innovative companies list; and world's most powerful beauty executive to retire.

World's largest money manager takes majority stake in Creed fragrances; Alberto VO5 maker sells oral health, hair and skincare brands; 1.6 million Aussies use TikTok; and Coty appoints head of Jimmy Choo as new CEO.

Pre-Christmas retail sales exceed forecast to hit $52.89 billion; L Brands business splits - Victoria's Secret heads private and Bath & Body Works becomes a standalone; travel retail: Lotte to debut Sydney store and Heinemann retains key airport duty-free concession; and L'Oréal see uplift in online sales in China for February.

KKR emerges as frontrunner to buy Coty Professional Beauty Division; Edgewell exits US$1.37 billion acquisition of Harry's; Kering Group sales reach US$17.32 billion; and Brazil's Grupo Boticario announces major expansion.

Beiersdorf buys sustainable skincare brand; L'Oréal's sales growth in 2019 breaks another record; Estée Lauder delivers double-digit growth in Q2; and Roger & Gallet on the block.

US consumer packaging giant buys Albea's dispensing business for US$900 million; LVMH perfume and cosmetics surge 12 per cent to fuel record results; Unilever's prestige beauty business on track to reach US$1 billion; and Inter Parfums exceeds US$700 million milestone for 2019.

Helen of Troy acquires Drybar business for US$255 Million; UK fashion stalwart Ted Baker enters the beauty market; major growth in all regions lifts full year results for Beiersdorf; and premium cosmetic market to reach US$199 billion by 2025.

L Catterton-backed Intercos enters US$388 million financing agreement; L'Oréal Paris to debut 100 SKU Age Perfect Makeup Collection for the over-50s; November retail sales surge on back of Black Friday Bonanza; and refillables: Hermès and L'Occitane tap into the growing trend.