P&G will cut 90 jobs at its production facility in the town of Cayey, in the central region of the country as part of the company’s restructuring program.
Parlux Fragrances has signed an unprecedented licensing deal that will see the earnings of stars Rihanna and Kanye West tied to the company share price.
Jane & Co, a provider of personal care products and accessories, has filed for chapter 11 bankruptcy protection with United States courts in Wilmington, Delaware.
A leading US analyst has downgraded its rating for Colgate-Palmolive, stating that Wall Street earnings expectations for the first quarter were too high.
Masstige player Physicians Formula recorded a significant loss in 2008, and as the economic downturn kicks in, the company says it is withdrawing all financial forecasts.
Recently voted the most admired company in the industry, P&G is attempting to further increase its corporate image by pledging a greater stress on sustainability.
Allergan is considering purchases to strengthen its cosmetics, and other business segments, at a time when the company is itself at the heart of takeover rumours.
Strong sales for its Care Chemicals division and the divestment of the Oleochemicals and Pulcra Chemicals businesses boost Cognis, but net profits were still in the red in 2008.
The Mexican goverment has imposed higher tariffs on a list of 89 consumer goods imported from the US, including a large number of personal care products.
Its commission-only workforce, cost-cutting measures, the global nature of the business and a future weakening of the dollar all put Avon in a strong position.
Food, household and personal care player Sara Lee is contemplating selling its remaining cosmetics business interest in Europe to focus on food and beverage.
Coty’s former chief financial officer has filed a civil complaint against the company accusing the board of “arbitrarily, capriciously, fraudulently and illegally” cheating him out of millions of dollars in stock options.
Bare Escentuals expects first quarter sales to fall significantly as retailers lower their inventories to cope with the increasingly uncertain economic environment.
Avon says its newly expanded restructuring plan should see the company’s workforce shrink by up to 3,000, while the number of sales representatives is set to rise.
Natura Cosmeticos has reported a sharp rise in fourth quarter sales and profits following a year of mixed fortune for Brazil’s biggest cosmetics company.
Supported by a “vibrant” personal care market, Croda has reported high sales growth in the latest quarter, bucking the downward trend among chemical groups.
International Flavors and Fragrances has announced a new head of global fragrance research, charged with driving innovation and profitability within the division.
Fragrance-maker Parlux blamed advertising expenses and the instability of the global economy as third quarter net profits dip into the red, sending share prices falling.
Tupperware’s beauty business suffered significant losses over the quarter prompting a change of leadership in an attempt to ‘reinvigorate’ the segment.