Breaking News on Cosmetics Formulation & Packaging - North America

Greyson International readies licensing agreement and product launch

18-Dec-2008 - Development and marketing company Greyson International says it is on course to sign a licensing agreement for its Trilexon delivery system and is readying a new product.

Momentive slashes jobs as downturn bites

17-Dec-2008 - Silicone specialist Momentive says it is cutting 250 full-time jobs worldwide as part of restructuring and cost savings.

Personal care category bucks US consumer goods trend

16-Dec-2008 - Despite consumer goods prices falling by a record 1.7 percent in November, retail prices for the personal care category are holding their own, according to US government statistics.

Comment

Recession presents cosmetics firms with opportunities

15-Dec-2008 - To navigate through the economic gloom, cosmetics companies should turn to Austrian economist Josef Schumpeter who once compared the Great Depression to a ‘good cold shower’.

Teri Hatcher counter-sues Hydroderm, and wins

15-Dec-2008 - American Hollywood A-lister Teri Hatcher has hit back at skin care company Hydroderm, counter-suing over claims that she did not fulfill contractual obligations to promote the brand.

L’Oreal cuts 500 jobs in US

15-Dec-2008 - L’Oréal will be cutting 500 hundred jobs in the US before mid 2009 in an attempt to streamline its activities.

News in brief

Lush expands retail outs in the United States

15-Dec-2008 - British natural cosmetics provider Lush is increasing its footprint in the US, having recently opened two new stores in Pittsburgh.

P&G downgrades quarterly sales targets

11-Dec-2008 - Procter & Gamble says it is still on course to increase organic sales during the October-December quarter, but says growth will be below original estimates.

Sara Lee outsources as part of restructuring bid

11-Dec-2008 - Global consumer goods player Sara Lee say it is outsourcing parts of its North American and European finance, information and procurement services as part of its restructuring.

Ulta Salon profits up despite retail market slow-down

08-Dec-2008 - US cosmetics and fragrance retailer Ulta Salon says that its profits held up well for the most recent quarter, but the company downgrades expectations as storm clouds gather.

US companies dominate top 10 global personal care players

04-Dec-2008 - Procter & Gamble continues to extend its lead in the list of the top ten publicly traded global personal care players, according to their performances in 2007.

P&G positions Pantene as affordable alternative to salon brands

03-Dec-2008 - Procter and Gamble is hoping to kick start one of its weaker sectors with an aggressive campaign focusing on one of its leading hair care brands.

Johnson and Johnson moves into the market for cosmetic procedures

02-Dec-2008 - Johnson & Johnson (J&J) is inflating its already sizable frame with the acquisition of breast implant specialist Mentor for $1.07bn.

Inter Parfums downgrades estimates on strength of US dollar

25-Nov-2008 - Global fragrance player Inter Parfums says the continued strength of the dollar is likely to hamper full year financial results for its US-based oeprations.

Beiersdorf sells another brand to support cosmetics focus

25-Nov-2008 - Beiersdorf has shed health support brand Futuro to 3M in order to concentrate its energies on beauty and skin care.

Dabur India strengthens skin care with acquisition

24-Nov-2008 - India-based consumer goods company Dabur India is expanding its presence in the skin care market by taking a controlling stake in Fem Care Pharma.

Sally Beauty wobbles at the end of a solid year

20-Nov-2008 - Sally Beauty Holdings has reported solid financial results for the fiscal year although profits failed to match the estimates of analysts.

Maesa reports strong sales growth despite European dip

20-Nov-2008 - Contract manufacture Maesa has reported a 34.2 per cent increase in consolidated annual revenues to €33.356m despite reduced sales figures in Europe.

News in brief

Revlon extends loan terms to repay debts

18-Nov-2008 - Revlon has extended its $107m senior subordinated loan agreement with MacAndrews & Forbes in an effort to repay its term loan by August 2010.

Symrise strengthens fine fragrances with new senior perfumer

13-Nov-2008 - Symrise has strengthened its fine fragrance team with the appointment of a new perfumer recruited from Givaudan’s ranks.

News in brief

United-Guardian remains cautious despite strong results

12-Nov-2008 - United-Guardian has reported strong sales and profit growth in the third quarter but remains cautious about future financial performance.

Parlux hopes to attract young consumers with Marc Ecko fragrance

12-Nov-2008 - Marc Ecko Enterprises is the latest lifestyle brand to be added to the fold at Parlux fragrances.

RCP Therapeutics plans cosmeceutical venture following investment

12-Nov-2008 - RCP Therapeutics is set to recieve significant investment from a US-based venture capital firm which will lead to the spin off of a new company dedicated to cosmeceuticals.

Parlux results paint a mixed picture

06-Nov-2008 - A sharp increase in sales led to a significant jump in net profits for the quarter, for Fort Lauderdale-based Parlux.