Avon Products, the sixth largest global beauty company, reported
excellent sales growth in the second quarter, boosted by the
surprisingly fast-growing emerging markets. Focusing on China and
Russia, the company says it will reinvest...
Anglo-Dutch consumer goods group Unilever faced tough competition
for its personal care products in the first half, operating mainly
in weak markets with declining prices. Cutting costs helped improve
operating profits at the division,...
Mainland Chinese consumers are increasingly joining the health and
beauty craze which is gripping the west and as such have helped US
personal care group Nu Skin Enterprises to a 400 per cent increase
in revenues there during the...
UK chemicals group Croda has seen strong demand for its marine and
nutritional oils as well as products for the personal care sector,
driving sales to the personal and healthcare sectors up 14 per cent
at constant currency rates in...
Domestic and brand name fragrance firm Inter Parfums reported a
hefty rise in net sales for the first quarter, pushing the company
to raise its 2004 sales guidance.
US-headquartered FCMG group Procter & Gamble is merging its
fragrance and salon hair care products activities with those of
recently acquired German subsidiary Wella.
Irish neuroscience based biopharmaceuticals company Elan has sold
its botulinum toxin type B product Myobloc/Neurobloc to Solstice
Neurosciences for up to €15 million.
Japan's second largest manufacturer of household goods Lion is to
terminate a hair care product joint-venture agreement with a
Japanese unit of German company Henkel.
Maker of Era Face spray-on foundation and other beauty products
Classified Cosmetics has filed a motion for a preliminary
injunction against cosmetics and over-the-counter pharmaceuticals
manufacturer Del Laboratories in a suit that...
International household and personal care products company PZ
Cussons has is to acquire top UK haircare brand Charles Worthington
in a deal worth up to £37m (€55 m) to the celebrity hairdresser and
his business partner.
The maker of Arm & Hammer toothpastes Church & Dwight and
private investment firm Kelso have agreed to acquire cosmetics and
over-the-counter drugs manufacturer Del Laboratories.
The California Court of Appeals has overturned two rulings that had
dismissed a class-action lawsuit that alleges direct-selling
cosmetics company Avon inflated figures in its financial reports by
accounting for shipments dispatched...
Clarins has announced that its contract to distribute fragrances
for Procter & Gamble in the United States would come to an end
on 31 December 2005, in a move that would allow it to concentrate
on its own fragrance brands, Clarins,...
British based cosmetics retailer The Body Shop has said its UK
business continues to provide cause for concern after first-quarter
sales dipped 4 per cent.
Parlux Fragrances has reported that its financial year 2004
earnings rose 14 per cent to US$6.3 million (€5.2 m), from US$5.5
million (€4.5), last year.
The maker of Arm & Hammer toothpaste, Church & Dwight, has
elected a new president and chief executive officer. James Craigie,
who also takes a seat on the board, will succeed Robert Davies, who
will remain as chairman.
Inter Parfums has announced a worldwide license agreement with
Lanvin to create, develop and distribute fragrance lines under the
Lanvin brand name over the next 15 years.
Unilever has sold its 9 per cent stake Elizabeth Arden, which has
closed its offering of about 2.5 million common shares at US$19.50
(€16.14) per share, including over-allotment option exercised by
investment bank Morgan Stanley.
UK-based Virgin Cosmetics' parent company Victory Corp made a
pretax profit in the year to end March 2004. The company said its
profitability was helped by Virgin Cosmetics' sales and that
trading levels in the first eight...
Procter & Gamble has reportedly agreed to pay majority
shareholders a cash price of €3.2 billion in consideration for a
77.6 per cent stake in the German beauty and hair care company
Wella.
Skincare technology company Radiancy aims to raise £30 million (€45
m) through its flotation on the London Stock Exchange next month.
One look at Radiancy's corporate profile tells you that it is a
small company with big ideas...
Avon raises its earnings forecast and announces new cash management
and tax strategies that will see more of the US-headquartered
company's international earnings remain offshore, taking advantage
of overseas sales and profits...
Elizabeth Arden has posted a Q1 loss smaller than that reported for
the same period last year. The narrowing of losses was driven by
favourable foreign currency exchange rates and an increase in sales
of both higher margin fragrance...
Alberto-Culver has announced that it has completed the sale of its
Indola professional hair care business to Henkel. The transaction,
effective 1 June 2004, is the latest in a series of mergers and
acquisitions in the salon hair care...
Owners of the Arm & Hammer brand name Church & Dwight has
reported that it has completed the previously announced purchase of
the remaining 50 per cent of Armkel that it did not previously own.
Omega Pharma has agreed the acquisition of a portfolio of 60
European over-the-counter and personal care brands from Pfizer for
€135 million in a transaction to be completed around the end of
June 2004.
Parlux has announced that it has signed an agreement with Paris
Hilton to develop, manufacture and distribute fragrance and related
product lines under her name.
Nivea has reportedly signed a half million pound (€0.75 m) deal
with TalkSport to sponsor the UK commercial radio station's
coverage of the Euro 2004 tournament and promote its new Nivea for
Men Sensitiv product range, writes...
Shares in Natura Cosmeticos stock, which was listed on Brazil's
Novo Mercado, Wednesday, rose 12 per cent in heavy early afternoon
trade as the country's first IPO in more than two years proved
popular with investors, writes...
Procter & Gamble has announced business unit and management
changes designed to streamline operations and facilitate further
growth that reflect an increased focus on health and beauty
products.
Three Lauder family trusts are selling up to 13 million shares in
Estee Lauder stock to pay a huge bill for estate taxes following
the death last month of the company's founder.
Revlon's shares dropped as much as 8.6 per cent before recovering
slightly, Friday, as the cosmetics company's financial makeover
plans faltered after its debt offer was cancelled due to
"unfavourable market conditions".
German hair and beauty product producer Wella has this week
announced both the most profitable first quarter in the company's
history and the signing of a purchasing agreement with Procter
& Gamble, writes Louise Sheridan.
Henkel is to acquire hair care company Indola from Alberto-Culver.
They are expected to complete the deal by 1 June 2004, subject to
final agreement and competition law clearances. The transaction is
the latest in a series of mergers...
Brazil's largest cosmetics company Natura Cosmeticos is embarking
on an international roadshow for potential investors following its
announcement of the first public offering in Brazil in more than
two years, writes Louise Sheridan.
Improved fragrance sales in Europe, boosted by modest gains in
currency conversions, increased first quarter results for the US
fragrance giant International Flavors & Fragrances (IFF).
Strategies in 2003, to help get the company...
Nu Skin Enterprises, a worldwide direct seller of personal care
products, has reported a 20 per cent increase in net revenue.
Foreign currency fluctuations, product launches in the US and
momentum in Mainland China have all been attributed...
Wella - the German maker of cosmetics and fragrances - has filed a
lawsuit against Gucci in a dispute over the length of its perfume
licensing contract. Italian luxury goods maker Gucci, has not held
the rights to produce fragrances...
Swallowfield - a UK cosmetics and toiletries manufacturer - is to
overhaul business in a bid to reposition itself as an international
supplier of contract outsourcing services to the toiletry,
household and cosmetics markets. Operations...
The Lubrizol Corporation has announced the acquisition of Noveon
International, a speciality chemical producer, to create a combined
company. The move complements Lubrizol's existing businesses in
fluid technologies and will...
Dream Cosmetics is to function as a wholly owned subsidiary of
Polysciences, a manufacturer of specialty chemicals and laboratory
products. The acquisition doubles Polysciences' capabilities to
formulate and manufacture private-label...
L'Oréal has announced a good start to 2004 following the release of
its first quarter results. The company saw growth in all of its
cosmetic divisions despite a high base of comparrison against last
year's results. The dermatology...
YSL Beauté - part of Italian luxury-goods firm Gucci Group - has
reported a drop in sales for the fourth quarter of 2003. As the
Gucci Group records its best ever quarterly revenue results, Beauté
stands out as the division struggling...
Technology Flavours & Fragrances (TFF), has reported a dramatic
slide in net income for 2003. The US company's results were
unfavourably impacted by a reduction in sales and an increase in
operating costs attributable to...
Wella, the German maker of hair-care and beauty products, has
forecast a 'year of challenges' for 2004 after the group reported a
significant drop in net profit. Recently acquired by Procter &
Gamble, the company was...
