Airspray, the maker of cosmetic dispensers for Unilever, Wella and
L'Oréal - achieved strong sales growth last year despite the
weakening of the US dollar, aided by its currency-risk management
and galloping volume growth.
Kanebo, the second-largest cosmetics maker in Japan after
industry-leader Shiseido, has decided to abandon plans to sell its
core cosmetic unit to Kao. Instead the company is to ask the
Japenese government to help slash its debt in...
Revlon has announced it is to eradicate $780 million of debt by the
end of 2004's first quarter. The troubled US company - reporting a
net loss of $153.8 million for 2003 - has signed an agreement to
reduce debt by 50 per cent.
Unison Capital has put forward a management offer - believed to
match Kao's withstanding bid of €3 billion - for Kanebo's cosmetic
operations. However the revelation has not unnerved toiletries
manufacturer, Kao, who started...
The owners of the Gesparal Holding company, the Bettencourt family
and Nestlé, are to become direct shareholders of L'Oréal. The
company, which currently owns 53.8 per cent of L'Oreal's Capital
and 71.7 per cent of...
Avon Products has attributed its fourth quarter earning and sale
growth figures to the company's success in Europe. Sales in the EU
rose 30 per cent to €440 million and operating profit rose by 50
per cent. Strong international...
L'Oreal has managed to reach its financial year sales target, helped by the concentration of products launched in its first and last quarter. However, the cost of achieving this growth may translate into low earnings for its 2003 second half results...
Beiersdorf, the German manufacturer of Nivea cosmetics, has
reported a fall in turnover for the first time in many years. In
its results to year end, the company reveals that turnover fell by
1.5 per cent to €4.67 billion in real...
German-based Henkel Group is to further strengthen its hair
cosmetics business through the acquisition of US company Advanced
Research Laboratories (ARL). The agreement will push the European
company into third position in the US...
Kao, Japan's biggest maker of toiletries, plans to add cosmetics to
its product lineup in China by the middle of next year in a bid to
find faster markets for growth. Kao's plans for China is aided by
its intention to purchase...