https://www.ft.com/content/3bd5cbaa-7d65-11e9-81d2-f785092ab560
I won't copy/paste anything, as it's behind a paywall, but a few interesting facts that the article digs into:
- Beiersdorf bought out Coppertone for $550m (on sales of $213m US). Remeber @vestro's post previously, showing good evidence ANO were now supplying them.
More info on the buyout here:
https://www.beiersdorf.com/newsroom/press-releases/all-press-releases/2019/05/13-beiersdorf-to-acquire-iconic-coppertone-brand
Also, Beiersdorf own Nivea - another sunscreen provider.
- In 2016, the US sunscreen industry was valued at $1.95bn, and globally predicted to be valued at almost $25bn in 2024. (Combine this with the proposed FDA sunscreen monograph changes...)
- The 15th Sun Protection Conference in London is on June 4th-5th. I haven't asked, but I assume Geoff will attend, as per the announced trip to Europe.
- Forums
- ASX - By Stock
- Sunscreen market - interesting read
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