Beauty industry is not looking as ugly as it appears
Estee Lauder and Elizabeth Arden have endured a dismal holiday season but the beauty industry is not looking as ugly as the figures may suggest.
Archives for January 19, 2009
Estee Lauder lowers expectations for fiscal 2009
Luxury cosmetics giant Estee Lauder says it is lowering its expectations for the quarter ending 31 December and the full fiscal year ‘to reflect the deteriorated global economic conditions’.
Givaudan opens creative fragrance center
Swiss fragrance giant Givaudan has opened a new Consumer Products Fragrance Creative Center in East Hannover, New Jersey, aimed at creating innovative and multi-functional fragrances.
Elizabeth Arden holiday sales expected to fall by 13 percent
Elizabeth Arden is the latest cosmetics company to cut its sales and earnings forecast, leading its share price to plummet to the lowest it has been in 9 years.