Global oral care giant Colgate Palmolive has appointed two new members to its board of directors as current director Jill Conway's term in office draws to an end.
The US headquartered company has reported a drop in sales and net income for the year and warns of the effect of the Venezuelan currency devaluation on the coming year.
Having been hard hit by the economic downturn in 2009 L’Oreal says new markets will help to counteract limited growth opportunities in developed markets.
Sara Lee says that following the sale of the majority of its Household and Body Care (HBC) division, it is ‘confident’ it will sell the remaining third of the business.
Estée Lauder’s natural personal care brand, Aveda, has appointed Christopher J Werle to the role of vice president of global communications from March 1.
Natural personal care companies are expected to be a key target for investors in 2010, according to Organic Monitor’s latest Strategic Insights report.
US-headquartered Univar, a worldwide provider of specialty chemicals, has announced the signing of an agreement to acquire fellow chemical distributor, the Quaron Group.
Swedish direct sales company Oriflame has announced a 14 per cent increase in its fourth quarter local currency sales, but negative currency translations take the shine off.
Colombian national trade association Andi has criticized Venezeula’s move to regulate imports to the country, claiming it has had a major impact on cosmetics trade.
The economic crisis meant that 2009 was a struggle for prestige cosmetic players, but financial results show that in the last quarter of the year things started to improve.
Indian wellness and beauty company VLCC is locked in a high court dispute with L’Oreal over the use of the Fuel brand to promote men’s skin ranges in India.
US-based Berlin Packaging has entered into an agreement to acquire fellow packaging supplier All-Pak in a move that will result in combined annual revenues of almost $500m.
An increase in same store sales growth and the addition of new outlets through both organic growth and acquisitions has boosted Sally Beauty’s sales in its 2010 first quarter.
Avon Products has reported a 13 percent hike in fourth quarter sales, with Western, Central and Eastern Europe providing a much needed boost to a difficult financial year.
Oral care provider Colgate-Palmolive has benefited from strong fourth quarter sales growth and positive foreign currency effects, leading it to report a substantial profit increase.
Procter & Gamble has delivered net sales growth of 6 percent for its second quarter, with strong unit volume sales growth indicating its brands are back on track.
Favorable exchange rates have boosted Inter Parfums’ fourth quarter results, with the company announcing net sales of $113.6m, a 13 percent increase on the corresponding period last year.
Consumer giant Johnson & Johnson has reported an annual sales decrease despite better-than-expected fourth quarter results helped by an increase in sales across key personal care brands.
Kimberly-Clark posts rising sales and profit for its Q4 on strong personal care sales but the company’s outlook is weakened by the forecast of slow recovery for paper-based goods.
Retail cosmetic sales grew at 16.9 per cent in China during the course of 2009, a figure that defies the global market trend but indicates slower underlying growth.
Tennessee-based Specialty Packaging, the parent company of color cosmetics developer and manufacturer Cosmolab, has filed for protection under Chapter 11 of the US Bankruptcy Code.
After a poor 2009 in North America, financial experts believe that L’Oreal’s operations in the region should return to growth, boosted by poor comparisons and signs of growth.
Bare Escentuals shareholders have demanded investigations into the board of directors following the announcement that Shiseido wants to buy the mineral make-up player.
The planned merger of packaging suppliers Pretium Packaging and PVC Container Corporation, the parent company of Novapak, aims to target more customers with a broader range of products and services.
In a move which aims to better serve customer needs, private equity firm Asparron Capital has acquired the jars and closures assets of plastic injection molding manufacturer, Cosmetic Specialties (CSI-Cosmolab).
Some of the world’s biggest cosmetics and personal care players, including P&G, Mary Kay, Avon and MAC have pledged donations as aid for the Haiti earthquake disaster.
Some of the world’s biggest personal care players, including Procter & Gamble, Unilever, L’Oreal and Colgate are likely to be affected by Venezuela’s move to devalue its currency.
The Estée Lauder Companies (ELC) has appointed Christopher Wood to the position of senior vice president of the Global Strategic Modernization Initiative (SMI), to oversee the next stage of the program.
Despite personal care sales stalling, Helen of Troy’s third quarter results show that the company is easing its way out of the recession as both sales and profits increase.
Parlux fragrances’ third quarter preliminary results show an increase of 3 percent in net sales despite the difficulties faced by the US prestige fragrance industry over the past year.