Unilever has sold its 9 per cent stake Elizabeth Arden, which has
closed its offering of about 2.5 million common shares at US$19.50
(€16.14) per share, including over-allotment option exercised by
investment bank Morgan Stanley.
UK-based Virgin Cosmetics' parent company Victory Corp made a
pretax profit in the year to end March 2004. The company said its
profitability was helped by Virgin Cosmetics' sales and that
trading levels in the first eight...
Skincare technology company Radiancy aims to raise £30 million (€45
m) through its flotation on the London Stock Exchange next month.
One look at Radiancy's corporate profile tells you that it is a
small company with big ideas...
Avon raises its earnings forecast and announces new cash management
and tax strategies that will see more of the US-headquartered
company's international earnings remain offshore, taking advantage
of overseas sales and profits...
Elizabeth Arden has posted a Q1 loss smaller than that reported for
the same period last year. The narrowing of losses was driven by
favourable foreign currency exchange rates and an increase in sales
of both higher margin fragrance...
Alberto-Culver has announced that it has completed the sale of its
Indola professional hair care business to Henkel. The transaction,
effective 1 June 2004, is the latest in a series of mergers and
acquisitions in the salon hair care...
Omega Pharma has agreed the acquisition of a portfolio of 60
European over-the-counter and personal care brands from Pfizer for
€135 million in a transaction to be completed around the end of
Nivea has reportedly signed a half million pound (€0.75 m) deal
with TalkSport to sponsor the UK commercial radio station's
coverage of the Euro 2004 tournament and promote its new Nivea for
Men Sensitiv product range, writes...
Shares in Natura Cosmeticos stock, which was listed on Brazil's
Novo Mercado, Wednesday, rose 12 per cent in heavy early afternoon
trade as the country's first IPO in more than two years proved
popular with investors, writes...