Technology Flavours & Fragrances (TFF), has reported a dramatic
slide in net income for 2003. The US company's results were
unfavourably impacted by a reduction in sales and an increase in
operating costs attributable to...
Wella, the German maker of hair-care and beauty products, has
forecast a 'year of challenges' for 2004 after the group reported a
significant drop in net profit. Recently acquired by Procter &
Gamble, the company was...
De Witt - a British personal care company - has acquired T-Zone, a
tea-tree oil based skincare brand. The agreement is central to De
Witt's ambitious expansion strategy, which has seen the company
increase its turnover by 19...
US cosmetics and fragrance manufacturer Elizabeth Arden has
reported a loss of net income despite an increase in net sales for
fiscal 2004. Debt extinguishment and restructuring charges had a
negative impact on an otherwise profitable...
SkinMedica - a specialty pharmaceutical company - is to receive
financing to further expand its cosmeceutical pipeline. The company
has entered a deal with existing, and new investors to sell $25.8
million of its Series D preferred...
Moët Hennessy Louis Vuitton (LVMH) - the world's leading luxury
products group - has achieved a 9 per cent increase in annual
operating income despite the difficult economic environment of
2003. The US company's perfumes...
Beauty giant L'Oréal has posted its nineteenth consecutive year of
double-digit growth. Battling an economic slowdown and adverse
curency movements, the group's strength in emerging markets and
product launches allowed for...
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...