Ethnic beauty care a top market for up-and-coming players
NEW YORK Niche marketers are increasingly extending the ethnic health and beauty market to include products for Hispanics, Asian, Arab, Native American, South Asian and other multicultural backgrounds, according to a recent Packaged Facts report.
The report, dubbed “Ethnic Hair, Beauty and Cosmetics Products in the U.S., 6th Edition,” estimates that the U.S. retail market for ethnic-specific hair care, makeup and skin care products is continuing to experience robust growth in 2008 at nearly 7 percent.
The market, according to Packaged Facts, a division of Market Research Group, is expected to finish the year at nearly $2.6 billion. By 2012, U.S. retail sales of ethnic-specific HBC products are expected to surpass $3.3 billion.
“Traditionally, marketers active in HBC products have sold some of the most chemically harsh items available, but today manufacturers are taking simple yet significant steps by adding a degree of natural or organic content to their products. This appeals to U.S. minorities who are widely regarded to favor not only gentler and safer HBC products, but greener ones as well,” Tatjana Meerman, publisher of Packaged Facts, said.
P&G supports online store for Braun, Gillette, Oral-B and more personal care brands
CINCINNATI Procter & Gamble is supporting www.theEssentials.com, the exclusive online store for several of P&G’s brands including Braun, Gillette and Oral-B.
The site is being operated by an independent entity and is not operated by P&G.
Company spokesman Paul Fox told the Financial Times, “We treat them like any other retailer as they buy product directly from us.”
Categories on the site include baby care, health and beauty, oral care, shaving, and health and wellness.
Helen of Troy acquires Ogilvie hair business from Ascendia Brands
EL PASO, Texas Personal care company Helen of Troy has acquired the worldwide rights and trademarks to the Ogilvie brand of at-home salon hair permanent and straightening products from bankrupt Ascendia Brands.
According to published reports, Helen of Troy paid about $4.7 million for Ogilvie.
“We believe we will be able to integrate Ogilvie into our Idelle division of skin and hair care products in a timely manner. We believe that Ogilvie will generate approximately $10 million in sales on an annualized basis and expect the acquisition to be accretive during our fourth quarter ending Feb. 28, 2009,” Gerald J. Rubin, chairman, chief executive officer and president of Helen of Troy said.