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Breaking News on Cosmetics Formulation & Packaging - North America |
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Examining the financial movements of all the big players, from ingredients suppliers to packaging providers. Volatile oil prices, banking turmoil and nervous consumers are forcing companies to rethink their business strategies. Articles will dig into the shifting landscape, reveal how the cosmetics world is adapting and break news of the latest financial results and market data. |
15-Dec-2008 - L’Oréal will be cutting 500 hundred jobs in the US before mid 2009 in an attempt to streamline its activities.
06-Nov-2008 - Elizabeth Arden is the latest beauty company to have reduced its sales forecast in anticipation of sluggish consumer spending.
30-Oct-2008 - International Flavors and Fragrances has reported a drop in profits this quarter due to higher input costs and a shift to lower margin products.
08-Oct-2008 - Sales are down and profits have been drastically hit for Helen of Troy’s second quarter results as the company’s personal care division feels the pinch.
07-Oct-2008 - Celebrity scents have boosted second quarter sales for Parlux Fragrances, which is currently launching Paris Hilton’s latest offering for the holiday season.
23-Sep-2008 - Procter and Gamble (P&G) is suing the US Internal Revenue Service, claiming it has been overcharged in taxes.
17-Sep-2008 - BASF has announced plans to acquire rival firm Ciba for €3.8bn in a move that will extend significantly its range of products for the plastics and coatings industries.
16-Sep-2008 - Hypermarcas has taken a deeper bite into the Brazilian cosmetics market with the acquisition of Niasi for R$366m ($200m).
15-Sep-2008 - Fragrance giant Coty has announced fiscal year sales of $4 billion; a significant improvement on last year’s results.
15-Sep-2008 - Alberto Culver has acquired skin care brand Noxzema from Procter and Gamble, in an attempt to focus on the category.
04-Sep-2008 - Building on its strength in scalp care category Procter & Gamble has acquired Nioxin Research Laboratories, which specializes in products for thinning hair.
03-Sep-2008 - Revlon has announced plans to significantly reduce its debt as recent results suggest the company’s performance continues to improve.
14-Aug-2008 - Estée Lauder has reported higher than expected profits from the year, despite its weakening performance in the US.
28-May-2008 - Escalating raw material prices have prevented Cognis from translating its strong first quarter sales increases into profit growth.
27-May-2008 - Urgent last minute negotiations are underway to ensure that cosmetics trade is not severely disrupted by the June 1 deadline for REACH registration.
21-May-2008 - Recent financial results from leading cosmetics firms have been mixed but historical data from Kline suggests the US downturn may give them reason for cheer.
13-May-2008 - Fragrance and flavours supplier Givaudan has signed a partnership with Colgate-Palmolive which will allow it to collaborate with the personal care company on future products.