Shareholders are demonstrating their dislike of the recent action
taken by Parlux Fragrance executive by filing a succession of
lawsuits claiming that company insiders had misled shareholders by
issuing misleading statements.
Following a flurry of activity that saw its shares rocket this
week, Colorado-based personal care provider OraLabs has confirmed
that it is selling up to a Chinese investment company, turning the
company private again.
Parlux Fragrances has been warned that it will be delisted from the
Nasdaq index because of non-compliance with stock exchange
requirements. The news comes as the company attempts to sell off
some of its fragrance brands.
Global salon operator and hair care provider Regis has reported a
41 per cent increase in net income after the company benefited by a
$50m payment from Alberto-Culver after it pulled out of a proposed
acquisition deal earlier this...
ASEAN says it is set to implement a single regulatory system for
its ten member states by the start of 2008, in a move that aims to
help bring it in line with regulations worldwide and attract major
international investment.
Colorado-based OraLabs has reported record results on the back of
strong sales of breath-freshening products as well as its other
core oral care and lip balm products.
Fragrance player Parlux Fragrances has delayed the filing of its
first quarter results following its planned share flotation, but
has warned of a big dip in its sales for the period sending share
prices falling.
Although sales are still growing strongly, Estee Lauder has posted
a 27 per cent drop in its net income after being impacted by
restructuring charges. But the company says that it is terrorism
threats that could pose a significant...
It has been a turbulant week for US fragrance producers, with Inter
Parfums announcing flat quarterly results on the back of forecasts
for falling results at rival Parlux.
Swedish direct sales player Orilfame has announced a significant
increase in its quarterly sales and profits to June 30 on the back
of a 41 per cent rise in local currency sales in the CIS and Baltic
region.
Having confirmed its merger with Alliance Unichem at the end of
July, newly named Boots Alliance says it is eyeing further
expansion of its cosmetic lines in retail outlets throughout the
US.
The investment world showed its disappointment in Avon's recently
announced quarterly results with a flurry of market activity that
saw the company's share price fall by more than five dollars.
P&G is continuing its unbroken run of significant profit and
organic growth, as the company's personal care and beauty sales
continue to provide significant opportunities for what is now the
world's largest consumer...
Unilever announces second quarter results showing that it has
maintained its steady growth of late, but the questions remains
whether it is enough to remain competitive against major rival
Procter & Gamble.
Johnson & Johnson is said to be in advanced talks to buy up
Beijing-based Dabao Cosmetics - a move that could give the company
a valuable footing in what is currently a huge growth market.
A jump of 27 per cent in sales of its skin care care products
helped to boost quarterly profits at Playtex Products, encouraging
the company to reiterate its full-year forecasts.
BASF announced that it is re-naming the recently acquired Engelhard
business in an effort to integrate it into its operations, on the
back of a strong financial performance that beats forecasts.
Avon Products has announced a significant drop in its profits as
restructuring charges hit the bottom line and the company's
performance in most markets, including the US, came in below
expectations.
The Alticor manufacturing and services group has bought Gurwitch
Products, a luxury cosmetics and skin care business owned by the
Neiman Marcus Group, in a move that will help to leverage growth
within the group's existing direct...
Just one week after financial analysts reinforced a top credit
rating for leading Japanese cosmetic company Shiseido, the company
has posted a drop in profits as the domestic market wanes.
Tupperware Brands, the US-based retailer of kitchenware, cosmetic
and beauty products, has announced a disappointing second quarter
in Europe and the US, further exacerbated by falling cosmetic and
beauty sales.
Colgate-Palmolive has announced broad top-line growth for its
second quarter on the back of strong sales, adding that hefty
restructuring charges hit profits.
Estee Lauder says its financial performance for this year will be
hit by a settlement with the Internal Revenue Service combined with
a tax gain relating to foreign that will impact 2006 net fiscal
earnings by around $35m.
Two US specialty chemical players, Reilly Industries and Rutherford
Chemicals, have combined to form a new business focused on three
specific areas, including the personal care market.
As Parlux Fragrances CEO Ilia Lekach withdraw his share buyout
offer on the back of pressure from shareholders, investor
confidence in the company is sending share prices into a dramatic
fall, which is likely to spell take-over bids.
Tapping into significant market growth, US cosmetic and fragrance
giant Estee Lauder says it is to establish an affiliate company in
Istanbul, Turkey, with more than 300 employees and talk of further
growth to come.
Cosmetics giant Revlon has confirmed that its preliminary Q2
results have been hit by weaker than expected sales of its news
Vital Radiance cosmetic range for older women.
Despite slow general economic conditions in Italy, the country's
Cosmetics Companies Association, Unipro has reported that sales of
cosmetics and toiletries are set to grow by 2.6 per cent this year
to reach €8.1bn.
CCA Industries has reported a record increase in its sales on the
back of strong peformances for its whitening oral care brands, its
green tea skin care products and its depilatory products, but
profits drop.
Beauty brands company Elizabeth Arden has paid an undisclosed
amount to acquire the licenses for a number of fragrances belonging
to Riviera Concpets, including the leading high-end brand Badgley
Mischka, in turn stepping up the company's...
A court decision has overturned claims by cosmetics developer Arch
PCP that rival company Active Concepts had misappropriated trade
secrets in a long-running battle between the two.
Following shareholder complaints over a proposed company share
buy-out, Parlux has said that it will delay filing its end-of-year
financial report because it needs more time to access its internal
control policies.
New Jersey-based Johnson & Johnson has bought the Pfizer
healthcare division for $16.6bn in a deal that wins the company the
much sort after Listerine oral care brand.
The Stephan Company has filed a law suit against Elizabeth Arden's
newly launched fragrance Provocative Interlude. The suit aims to
block future sales of the fragrance, claiming that it infringes the
trade mark for its Interlude...
The US hair care provider is making efforts to branch out its
business portfolio with the acquisition of the UK salon hair care
provider Salon Success.
Alberto-Culver, the leading US-based hair care products company,
has said it will spin off its Sally Beauty professional hair care
business as an independent public company in a move that is
estimated to be worth $3bn.
Parlux Fragrances CEO Ilia Lekach has made an unsolicited offer to
buy back the company shares at $29 in a bid to take the company
private and fend of the threat of short-term investors.
Germany-based global chemicals giant BASF has finally completed the
acquisition of US specialty chemicals and personal care ingredients
player Engelhard following months spent battling against hostile
bidding.
Further to its latest round of layoffs, direct cosmetics sales
giant Avon says it is expecting to log charges of between $8m
million and $12m for its latest round of staff cuts, which means
total charges for staff cut backs have already...
As Pfizer is currently in the process of reviewing bids for its
Listerine oral care brand, a Colgate executive says he believes the
brand would make a good fit to the company's portfolio.
Shares in US cosmetic player Revlon have continued to fall
dramatically following the cosmetic player's earlier forecast for
lower than expected growth for this year on the back of
disappointing sales on products aimed at older...
US cosmetics brand Jane has teamed up with two private equity
groups to boost its presence in the market with what it hopes will
be the "next great mass market cosmetic brand."
The proposed £7bn (€10.2bn) merger of Boots with Alliance UniChem
merger took another step towards completion with announcements for
the dates for both companies Extraordinary General Meetings (EGM)
to vote on the resolutions to create...
Nextera Enterprises has acquired the rights to the Ellin LaVar
Textures hair care product line and brand name from LaVar Holdings,
allowing it to tap into a fast developing niche product category.
As part of its massive worldwide restructuring program, Avon has
announced that a further 900 jobs are to go, in addition to the
1,300 jobs it axed at the end of April.
Having increased its offer to buy out leading personal care
supplier Engelhard, Germany-based BASF is looking more and more
likely to be successful in its hostile takeover bid.
Air Products Performance Material Division says it is entering the
personal care ingredients industry, where it will initially be
focusing on the skin care, hair care, and color cosmetics
categories.