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On Your Radar > Financial focus

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.

Investors to target natural personal care companies in 2010

15-Feb-2010 - Natural personal care companies are expected to be a key target for investors in 2010, according to Organic Monitor’s latest Strategic Insights report.

Prestige market shows clear signs of recovery

10-Feb-2010 - The economic crisis meant that 2009 was a struggle for prestige cosmetic players, but financial results show that in the last quarter of the year things started to improve.

Weekly comment

The time is now for niche players to target the developing markets

12-Oct-2009 - With the growth of cosmetics sales continuing in most of the major developing markets new opportunities continue to proliferate for niche cosmetic players, but now is the time to get in on the act.

New orders, new clients: business looking up for contract manufacturers

08-Oct-2009 - As consumers feel the pinch of a global recession they often look to private label goods as a way to save a few pennies. Couple this with the lower overheads and financial outlay offered by contract manufacturers and the sector seems to have a winning formula to survive difficult economic times.

Exclusive interview

Economic crisis redefines the cosmetics industry

08-Sep-2009 - Despite cries of the ‘lipstick effect’, the cosmetics and personal care industry has not been protected from the economic downturn and some analysts argue recent alterations to the market and changes in consumer behaviour might be here to stay.

Sales of men’s toiletries struggle in the summer heat

29-Jun-2009 - Men’s toiletries have suffered the most in the early summer heat while disinfectants have thrived, according to Bernstein Research.

Kimberly-Clark increases the number of proposed job losses to 1,600

25-Jun-2009 - Dallas-based Kimberly-Clark says it wants to increase the number of job cuts to 1,600 following an earlier announcement that it was aiming to cut 1,000 staff.

Top three stories this week

P&G buys another luxury men's grooming company

16-Jun-2009 - Procter & Gamble has added another high-end male grooming brand to its portfolio through the acquisition of men’s skin and shave care brand, Zihr.

Estee Lauder joins L’Oreal and P&G in lowering prices to boost sales

10-Jun-2009 - Estee Lauder has joined L’Oreal and Procter & Gamble in unveiling its strategy of targeting value products to appeal to cash-strapped beauty consumers.

Interactive timeline of the ugly economy and the beauty industry

09-Jun-2009 - Cosmetics Design has created an interactive timeline of the major news stories on job losses, corporate failure and restructuring in the cosmetics industry over the past six months to give readers a new perspective on the impact of the economic crisis.

P&G resumes acquisition trail, buying men’s grooming company

04-Jun-2009 - Procter & Gamble has bought the Miami-based business Art of Shaving as part of its plans to expand into the international prestige men’s grooming category.

Appointment of new Physicans Formula CFO threatens NASDAQ listing

03-Jun-2009 - Physicians Formula has received a NASDAQ Staff Deficiency Letter threatening the company with delisting if it does not fulfill requirements for its executive board.

Revlon announces 400 job losses worldwide

01-Jun-2009 - New York-based Revlon has announced restructuring plans that will result in 400 job losses worldwide.

P&G announces cautious 2009 financial guidance

28-May-2009 - Procter & Gamble (P&G) has released earnings expectations for 2010 that failed to live up to Wall Street estimates but shares in the company remained steady.

Dealmakers search for acquisition bargains in cosmetics and pharma

18-May-2009 - Corporate bargain hunters are looking for good buys in cosmetics and healthcare as the economic downturn throws up a range of acquisition opportunities.

Top three stories this month

Destocking: It's the perfect excuse for poor performance

11-May-2009 - Cosmetics companies looking for something to blame for poor financial results are turning to the ever so convenient excuse of destocking.

Dow reveals bearing of Rohm and Haas acquisition on personal care

29-Apr-2009 - Dow’s acquisition of Rohm and Haas has been a financial drama involving legal bickering and funding uncertainty. Now that the deal is done, CosmeticsDesign.com spoke to the head of personal care at Dow to find out how the acquisition will affect the company's cosmetics business.

Sara Lee confirms interest in selling personal care business

31-Mar-2009 - Sara Lee confirmed yesterday that the company is considering selling its household and body care business.

Avon’s future looks bright, report claims

17-Mar-2009 - Its commission-only workforce, cost-cutting measures, the global nature of the business and a future weakening of the dollar all put Avon in a strong position.

European Commission imposes conditions on BASF’s acquisition of Ciba

13-Mar-2009 - BASF is now one step closer to acquiring Ciba but had to promise to share cosmetics know-how and sell businesses to get the €3.8bn deal accepted.

Coty's ex-CFO accuses former employers of fraud

11-Mar-2009 - Coty’s former chief financial officer has filed a civil complaint against the company accusing the board of “arbitrarily, capriciously, fraudulently and illegally” cheating him out of millions of dollars in stock options.

Avon rating downgraded on currency weakness and CEE gloom

10-Mar-2009 - Citing currency weakness and overexposure in the Central and Eastern European (CEE) market, an analyst has downgraded Avon's outlook for 2009.

Dow settles differences with Rohm and Haas

10-Mar-2009 - Dow Chemical’s acquisition of Rohm and Haas will go ahead after the companies reached an agreement that eases Dow’s debt burden.

Helen of Troy buys therapeutic hair care business from P&G

04-Mar-2009 - Helen of Troy is widening its portfolio of hair care brands with the acquisition of Infusium 23 from Procter & Gamble.

Avon extends restructuring to cut costs

19-Feb-2009 - Avon says it is extending its restructuring plan into a $900m savings program that will focus on efficiencies within the global supply chain.

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