The US Stock Exchange Commission has confirmed that it is to sue the Bulgarian trader who filed fake documents purporting to a takeover bid for Avon Products.
L’Oréal has signed a license agreement with women’s wear brand Proenza Schouler for the creation and development of fine fragrances, as the fashion and perfume worlds meet once more.
With this week’s acquisition of P2 Cosmetics, the group expands its portfolio of exclusive, private label and outsourced cosmetics and personal care lines.
German perfume retailer Douglas is to be acquired by private equity firm CVC Capital Partners for an undisclosed amount just days after announcing plans for an initial public offering (IPO).
The company deliberately employs a staff with an array of backgrounds—Chinese, Malay, Indian Japanese and more—at the Biopolis research and development center in Singapore.
Ahead of the spin-off of its personal care business, Energizer Holdings has adopted a Limited Duration Shareholder Rights Plan, designed to control the company’s stock.
Following the 2011 acquisition of Active Organics, Lubrizol says it has now integrated the brand into its Lipotec umbrella of brands with immediate effect.
Saving the planet can also save companies a lot of money too demonstrated by Unilever’s win-win example of saving 1 million tonnes of CO2 whilst also making cost savings of €244 million at the same time.
Procter & Gamble has confirmed that is relocating part of its manufacturing in the town of Cayey, Puerto Rico, over to the Greensboro site in North Carolina as part of its restructuring program that includes fewer but larger facilities.
The big news last week was a fictional private equity company that filed an SEC document claiming it was about to buy up struggling Avon Products. But what few people expected was positive repercussions.
Sacha Cosmetics’ owner Kama Maharaj says he is “humbled and honored” after his firm was named winner of the inaugural Caribbean Exporter of the Year Award.
L’Oreal is deploying its ‘Share & Care Program’ in the 68 countries where it is present, as it looks to achieve goals for best social practice for its workers and ensure they all have access to health and welfare benefits.
Elizabeth Arden reported a significant dip in its mainstay fragrance sales during its third quarter, while the negative impact of currency translations further battered the performance.
Direct sales skin care player NuSkin has posted results in line with company estimates, but the US-based business was impacted by currency translations on its significant exposure in Asia.
One year on and fragrance player Coty has turned a big loss in the third quarter of last year into a profit, thanks to a focus on its key brands and cost-cutting measures.
Revlon posted flat sales and a net loss for its first quarter as costs attributable to branding and the negative impact of currency translations hit the business hard.
Avon has been the focus of much debate in recent months. Substantiated or not, sale rumors have led to spikes in the share prices, but things look ominously quiet now, as the company’s share price continues to dip.
Energizer has posted a loss on the back of costs associated with the pending spin-off of its personal care and house products businesses, but the results are in line with expectations, putting the split on track.
Sally Beauty posted second quarter results in line with expectations despite currency headwinds, while also announcing the investigation of a second possible hacking of its database in just over a year.
Colgate-Palmolive joined a long list of cosmetic and personal care companies to report that currency headwinds are impacting its results, but the underlying results show a more positive story.
Financial investors service Moody’s has downgraded its rating for Avon for the second time in less than a year following weak financial results published last week.
Revlon has increased its global footprint with the acquisition of UK fragrance management company CBBeauty, which also includes distributor SAS & Company.
Avon Products reported sales down 18% to $1.8bn for its first quarter, a figure that resulted from the double impact of currency headwinds and weak North American sales.
In June, Holt Renfrew department stores in Toronto and Vancouver will begin carrying the company’s makeup and skin care products as part of Charlotte Tilbury’s expansion into the North American market.
Estée Lauder was powering ahead of its competitors with breakneck speed until recently, but an analyst’s note underlines the need to spend more on promotional activities to secure a return to growth.
Inter Parfums has become the latest in an increasingly long list of cosmetic players that have been hard hit by the continued buoyancy of the US dollar against international currencies.
Procter & Gamble posted its fifth successive quarter of falling revenues, after its third quarter results were heavily impacted by currency translations.
Kimberly-Clark has become the latest in a long line of US-based international cosmetic and personal care players to feel the heat of negative currency translations on the back of a strong US dollar.
The weak euro provided a ‘very positive currency impact’ for L’Oréal’s first quarter sales after the market slowed in Europe, with acceleration expected later in the year.
Coty has confirmed Elio Leoni Sceti, currently CEO of Iglo Foods, as its new chief executive officer, in an appointment that aims to build on his significant experience heading up fast moving consumer goods companies.
Last year was all about progress and transformation for L’Oréal and the world’s largest cosmetics company still has to adapt to the rapidly changing environment, according to its CEO Jean-Paul Agon.
More news coming from Inter Parfums’ French subsidiary after it entered into an 11-year exclusive worldwide fragrance license agreement with New York design house, Coach, after it decided not to renew with its current partner, Estee Lauder, whose deal...
Procter & Gamble has got the sale of a large number of its smaller or less profitable brands well under way, according to individuals who are involved with the business.
L’Oreal Paris has been named the most powerful and valuable cosmetics brand by strategy consultancy Brand Finance, and its study has also highlighted positives for the Procter & Gamble brands, whilst it is bad news for Avon.
The Best Ingredient and Green Ingredient Awards are to be announced in a week’s time at the in-cosmetics event in Barcelona, and as the build-up begins, the finalists have been announced…
Procter & Gamble has made big cost reductions and is on the verge of significantly slimming down its brand portfolio, but currency exchange is set to throw up another obstacle to its recovery plans, an industry analyst believe.
The latest People on the Move brings you decision-maker appointments from Lonza Consumer Care, International Fragrance and Flavors and Dow Personal Care.
