IFRA 49th Amendment
So many factors must be taken into account when designing a
new fragrance, but it becomes all the more critical when modifying
an existing fragrance to satisfy a new
standard—all while trying not to disrupt
the end-user’s experience…
The extended timeline carefully took into consideration the
need to provide compliant fragrances into the marketplace as
quickly as possible while limiting the disruption to the supply
chain for fragrances that are already in use. After all, we must
acknowledge that fragrance design and development is an art as
well as a science!
In general, so many factors must be taken into account when
designing a new fragrance, but it becomes all the more critical
when modifying an existing fragrance to satisfy a new standard—all
while trying not to disrupt the end-user’s (i.e., the consumer’s)
experience.
Great expectations
What should the finished product formulator expect? As with
previous Amendment implementations, the use level of an existing
fragrance may not need to be changed at all. Your fragrance supplier
should be able to provide an IFRA 49th compliance certificate
30 Spray July 2020
by Summer 2020. Remember, categories have been rearranged and
some products have been reclassified. Compare your fragrance use level
under the IFRA 48th to IFRA 49th. Your fragrance supplier will
happily keep an open dialogue regarding your fragrance, product,
and any required modifications needed, and whether it impacts
the fragrance use level or blend.
Net-net—it’s all about product safety. A strong partnership
between fragrance manufacturers and finished product manufacturers
is essential. The fragrance industry goes far beyond any
other supplier in the investment needed to ensure a robust safety
program for ingredients and formulation blends of fragrances. A
safe, high-performing consumer product fragrance is a company’s
valuable brand asset.
For additional information on the IFRA 49th Amendment, visit
www.ifraorg.org.
For additional information on fragrance ingredients, visit The
Fragrance Conservatory www.fragranceconservatory.com. Spray
Mergers & Acquistions
Coty Inc. has formed a partnership with KKR for Coty’s Professional
& Retail Hair business, in which KKR will own 60%
and Coty will 40% of the venture, now called Wella. It includes
the Wella, Clairol, OPI and ghd brands, which are valued at
approximately $4.3 billion. The transaction simplifies Coty’s
portfolio so the company can refocus on its core Prestige and
Mass Beauty businesses.
Albéa has completed the sale of its Dispensing Systems, Metal
(Covit Europe & U.S.) and Brazil businesses to Silgan Holdings.
Terms of the deal were not disclosed. Albéa says it will now
focus on its legacy tubes, cosmetic rigid packaging and beauty
solution businesses.
Private-equity firm Sycamore Partners has backed out of its $525
million deal to acquire a 55% stake in Victoria’s Secret stores
and brands from L Brands. Court documents indicate that
L Brands’ decisions to shutter U.S. stores in March, furlough
workers and forgo April rent payments during the COVID-19
pandemic violated the terms of Sycamore’s agreement.
Givaudan has completed the acquisition of Indena’s cosmetics
business, based in Milan, that includes botanical active
ingredients for the personal care, pharmaceutical and health
food industries. Givaudan and Indena also signed a long-term
partnership agreement under which Indena will continue to
manufacture ingredients for Givaudan, as well as provide innovation
capabilities and other supporting services. Terms of both
deals were not disclosed. Indena’s cosmetic ingredients business
had sales of approximately €8 million ($9.1 million) in 2019.
Personal care packaging company COSMOGEN has merged
with dispensing firm PYC (Pack your Cosmetics). The companies
will now be housed under the COSMOGEN banner. Terms
of the deal were not disclosed. COSMOGEN will continue
to offer a turnkey line of spray and airless bottles that can be
customized to be compliant with Ecocert certification and food
standards.
Sun Chemical and its parent company, DIC Corp., have
acquired 100% of Sensient Imaging Technologies. Financial
terms of the deal were not disclosed. The deal will expand Sun
Chemical’s digital ink and inkjet offerings.
Puig is buying a majority stake in Charlotte Tilbury. Terms of the
deal were not made public. The British skin care business is estimated
to be worth more than £1.2 billion ($1.5 billion). Charlotte
Tilbury will maintain a minority stake in the business and will
remain Chairman, President & Chief Creative Officer. Spray