As the US dollar continues to gain in strength against many international currencies, macroeconomic forces could jeopardise the performance of US-based Estee Lauder.
Strong Burberry fragrance sales have helped Inter Parfums deliver record second quarter net sales of approximately $107.8m (€83.5m), an increase of 21.6 percent on the prior year period.
The market for luxury products is likely to be subdued in the remaining two quarters of 2010, despite cosmetics and fragrances being the driving force behind a recent rebound.
Brazilian cosmetics company Natura has reported a 24.1 percent increase in net sales for the second quarter of 2010, aided by an increase in the number of new product launches.
Dispensing systems provider Aptar has reported a big rise in both sales and operating profit during the second quarter, on the back of increased demand for fragrance and cosmetics packaging.
The European Commission has approved part of the proposed acquisition of ingredient firm Eurochem by Univar, which could see a host of food chemicals added to its product portfolio.
Tupperware has announced a mixed bag for its Q2 financial results, as North American beauty sales dips, but sales in developing markets help to counterbalance results.
Sales increases across Neutrogena, baby care and adult skin care products failed to lift Johnson & Johnson’s consumer segment, as sales fell 5.4 per cent to a figure of $3.6bn for the second quarter of 2010.
The latest results from L’Oreal underline a strong recovery but could also point to difficult comparables and further hardships in Western Europe, analysts believe.
L’Oreal has proved it is well and truly on the road to recovery after posting double digit second quarter growth on the back of a particularly strong performance in developing markets.
Professional hair care provider Regis says it continues to be hard hit by the economic downtown as revenues for its fourth quarter fall by 5.6 percent.
New York-headquartered Inter Parfums has acquired the rights to develop and distribute fragrance, cosmetics and personal care products under the Betsey Johnson fashion label.
US-based personal care and household products provider, Helen of Troy, has reported a strong first quarter, aided by a series of acquisitions in its personal care division.
China has recently overtaken the US as the second largest market for luxury goods and growth is not expected to slow, making it a crucial target for high-end cosmetic players.
Procter & Gamble will be increasing the number of brands and products it offers in emerging markets in order to make the most of the growth potential they hold.
Growth in all its geographical markets excluding the US helped France-based natural cosmetics company L’Occitane deliver a profit above original estimates.
Continuing a tradition of family leadership across its portfolio of brands, Estée Lauder has promoted Jane Lauder to the position of global president, general manager of Origins and Ojon.
Sanitation player Green Bridge Industries is eyeing a move into personal care with the acquisition of filler and blender specialist Absolute Natural Blenders.
High-end mass market cosmetics brands such as Olay from P&G and prestige brands such as Estée Lauder are likely to outperform lower-end brands such as Avon in China, according to a new report from Bernstein Research.
A ‘buoyant’ performance in Hong Kong and Macau and strong online sales helped Hong Kong-based cosmetics retailer Sa Sa deliver a 2009 annual turnover of HK$4.1bn (€430m), up 13.9 per cent on the previous year.
As many foreign cosmetics companies face up to the challenge of rising wages in China, the fact is that while costs rise, increased spending power is likely to translate into higher domestic sales.
The US arm of Shiseido fragrance division, Beaute Prestige International (BPI), has signed a distribution agreement with France-based luxury perfume house Annick Goutal Parfums.
Parlux has signed a partnership agreement with women’s footwear brand the Camuto Group following a successful collaboration on the Jessica Simpson fragrance.
Building upon strong fourth quarter growth, Beauty retailer Ulta Salon, Cosmetics & Fragrance has posted Q1 2010 results that it says ‘exceeded expectations’.
Shortly after announcing its acquisition of hair color specialist Issue Group, India-based Godrej Consumer Products (GCPL) has said it is to purchase another Argentine hair care player.
Chicago headquartered specialty chemicals player, The HallStar Company, has announced plans to establish a joint venture in Brazil in order to tap into the country’s large market potential.
Helen of Troy reported record fourth quarter results for the period ending 28 February 2010, with a strong performance in the personal care division reflecting last year's acquisition of the Infusium 23 hair care business.
Prestige cosmetics player Elizabeth Arden reported increased sales and a slight reduction in losses for its third quarter, although currency translations negatively impacted the bottom line.
US-based International Flavors & Fragrances recorded a 17 percent increase in first quarter revenue, aided by robust Fragrance sales and a strong performance from both divisions in Asia.