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Financial focus

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.

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.

Elizabeth Arden reports loss but remains upbeat

06-Nov-2008 - Elizabeth Arden is the latest beauty company to have reduced its sales forecast in anticipation of sluggish consumer spending.

Fragrance sales continue to disappoint for IFF

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.

Helen of Troy announces poor second quarter

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.

Celebrity fragrances boost Parlux results

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.

Procter and Gamble seeks tax refund from IRS

23-Sep-2008 - Procter and Gamble (P&G) is suing the US Internal Revenue Service, claiming it has been overcharged in taxes.

BASF makes billion dollar offer for Ciba

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.

Hypermarcas completes major Brazilian cosmetics acquisition

16-Sep-2008 - Hypermarcas has taken a deeper bite into the Brazilian cosmetics market with the acquisition of Niasi for R$366m ($200m).

Coty announces strong annual sales across all divisions

15-Sep-2008 - Fragrance giant Coty has announced fiscal year sales of $4 billion; a significant improvement on last year’s results.

Alberto Culver acquires skin care brand from P&G

15-Sep-2008 - Alberto Culver has acquired skin care brand Noxzema from Procter and Gamble, in an attempt to focus on the category.

P&G buys up scalp care specialist Nioxin Research Laboratories

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.

Revlon repays debt to cut costs

03-Sep-2008 - Revlon has announced plans to significantly reduce its debt as recent results suggest the company’s performance continues to improve.

Estee Lauder performs better than expected

14-Aug-2008 - Estée Lauder has reported higher than expected profits from the year, despite its weakening performance in the US.

Cognis fails to turn higher sales into profit growth

28-May-2008 - Escalating raw material prices have prevented Cognis from translating its strong first quarter sales increases into profit growth.

Cosmetics trade endangered by REACH

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.

Kline puts lipstick theory to the test

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.

Givaudan hopes to profit from partnership with Colgate-Palmolive

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.

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