Archives for January 7, 2004

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Rhodia continues restructuring plans

French cosmetic ingredients supplier Rhodia has reached an agreement with its creditors to refinance its debt burden, giving the company breathing space to continue its restructuring operations.

Tesco rivals Boots

UK supermarket group Tesco is making a bid to undercut health and beauty retailer Boots by launching a €100m price reduction program. With an everything under one roof policy more customers are turning to supermarkets to purchase cosmetics.