Shares in leading US cosmetics company Elizabeth Arden fell last
week after a number of leading financial analysts downgraded their
rating, citing rising competition in the celebrity fragrance market
and a weak start to its new anti-aging...
Croda has chosen next month's In-Cosmetics expo in Barclona as the
platform to debut a host of new ingredients that concentrate on
providing added functionality for sun care, hair care and skin care
formulations.
Inter Parfums is to develop and market a range of fragrance, sun
care and and skin care related products for sports and clothing
brand Quiksilver in a move that expands on the company's burgeoning
brands portfolio.
More than one month ahead of the scheduled publishing of its
half-yearly results, hair care specialist Alberto-Culver says it is
on course to deliver record results.
Colgate-Palmolive has bought up naturals oral care player Tom's of
Maine for $100m, in a move that serves to increase its focus on
higher-margin oral and personal care businesses.
As Avon continues to make major cut backs, analysts and market
experts are being won over as the company's position starts to look
stronger following a difficult two year period.
BASF's hostile takeover bid for leading personal care supplier
Engelhard is looking more likely after it was acknowledged that the
Germany-based chemicals giant has been allowed to look at sections
of Engelhard's accounts.
The world's largest cosmetic company, L'Oreal, will acquire The
Body Shop - a move that will see it break into new ground as the
brand-owner of a business revered for its ethical values.
Nextera Enterprises has acquired niche cosmetics producer Woodridge
Labs for $23.5m in cash, as part of the company's plans to expand
its presence into key areas of the fragmented personal care market.
The Hain Celestial Group has acquired health and beauty products
player Para Laboratories as part of its ambitions to extend its
presence from the food and beverage sector into faster growing
categories of the personal care industry.
A record financial year for LVMH Moet Hennessy Louis Vuitton, is
supported by a strong performance from the company's cosmetics and
fragrance operations, boosted by the Dior brand as well as an
increasing market share for its...
Revlon has reported a strong fourth quarter, with profits up an
impressive 38 per cent following strong sales of its Vital Radiance
line and a successful repositioning of its Almay brand.
L'Oreal says it is considering making a cash offer for British
cosmetics and toiletries retailer Body Shop, as it aims to broaden
its existing business portfolio in an effort to maintain its
unbroken sales growth record.
Brazilian direct sales cosmetics player Natura is benefiting from a
booming domestic economy and renewed vigor for all things cosmetic,
having announced a big increase in its end of year sales and
profits.
The CEO of Parlux has capitalized on the recent success of the
company he heads by cashing in on shares he owned indirectly in the
business, gaining a cool $11.67 million in the process.
Global cosmetics players Revlon has announced a series of
amendments to its financial operations as part of its plans to
restructure the company and recover after spending most of 2005 in
the red.
L'Oreal has declared that it is not adverse to making further
acquisitions in the future in an effort to maintain sales growth at
6 - 8 per cent, while confirming a 50 per cent drop in its annual
profits following merger gains...
German cosmetics giant and marketer of the Nivea brand, Beiersdorf,
says it is poised to grow organically, with the Asian and men's
personal care market likely areas for investment.
After months of speculation the UK's leading retailer has announced
it plans to enter the United States retail market through the
convenience sector, where its cosmetics and toiletries offerings
could give the edge on the competition.
Playtex Products has posted a significant drop in its Q4 results,
hurt by charges and lost sales from smaller brands that it has sold
on as part of its plans to restructure.
Unilever sales grew by just 2 per cent in 2005, putting them in the
shadows as arch rival P&G takes the number one consumer goods
spot following last year's purchase of Gillette.
Direct sales giant Avon has reported a 36.7 per cent drop in its Q4
income as it tackles fierce competition and rising costs. The
disappointing results coincide with the decision to pull out of the
Indonesia market, which also knocked...
It seems that Jessica Simpson's decision to sponsor the Dessert
Beauty range has been an ill-fated one. With the make-up line
attracting a second law suit in the space of a year it seems that
star cosmetics sponsorship does not...
The first full quarter financial results following the merger with
Gillette spell a big success for P&G. Results were well ahead
of expectations after the world's largest consumer goods company
more than tripled revenue growth,...
A rash of strong financial results from some of the biggest
US-based global personal care company is causing a number of
analysts to upgrade their expectations for the sector.
An increase in sales of 11 per cent at LVMH over the course of 2005
was let down by relatively subdued activity at the luxury goods
maker's cosmetic and fragrance division.
Inter Parfums has confirmed a 16 per cent jump in its 2005 net
sales, highlighting another successful year for its licensing
agreement with Burberry, but the fourth quarter confirms slowing
growth.
New York-based Del Laboratories will close its Little Falls
cosmetics manufacturing facility by the end of the year with the
loss of up to 330 staff as part of moves to streamline its
operations and consolidate it with existing facilities...
Global giant L'Oreal says that growth in the Western European
market, combined with strong levels of activity in North America
and new markets has helped to give a big boost to its fourth
quarter results, pushing the full year...
Personal care manufacturer Helen of Troy has reported a 27 per cent
dip in Q3 profits as sales also continue to dive on the back of a
highly competitive retail market and other adverse economic
conditions.
BASF's hostile takeover bid on leading personal care supplier looks
set to be a rocky road, with Engelhard executives warning
stockholders to be cautious over the offer and investors suggesting
that the bid will have to be raised...
Leading salon hair care provider Regis says it has agreed to merge
with Alberto-Culver's ailing Sally Beauty business - a move that is
estimated to transform Regis into a $4.5 billion global
professional beauty company.
Parlux Fragrances seems to be continuing its phenomenal run of
growth, having announced that it is anticipating a 95 per cent rise
in its Q3 sales turnover and a doubling of its earnings.
Despite tough market conditions, particularly in the all-important
German market, Beiersdorf says its preliminary year-end results
indicate sales growth of 5.1 per cent, while profit after tax rose
by 7 per cent.
Internet-based direct sales cosmetics provider Southern Cosmetics
has confirmed the acquisition of the Esteem brand from Naomi, the
cosmetic company owned by singer and actress Naomi Judd. The move
follows a successful agreement to...
Estee Lauder, currently struggling to regain its footing in the
face of stiff competition, has been given a boost by the financial
world following its inclusion in Standard & Poor's 500 Index.
Following its acquisition of Kanebo's cosmetics division, Kao is
facing up to a new era of debt, as analysts down-grade the
company's squeaky clean credit rating.
In Japan the long drawn-out bidding war for the cosmetics arm of
consumer giant Kanebo has come to an end after Kao sealed a deal
totalling ¥410 billion (€2.93bn), taking it a notch or two up in
the global cosmetic stakes.
Avon has made changes to its global management structure that
reflect the importance of its key growth areas of Eastern Europe
and China, as markets in Western Europe and the US continue to
suffer from a prolonged period of stagnation.
The battle for Japaneseconsumer giant Kanebo and its cosmetics
division has been narrowed down to three players that include
Japanese personal care giant Kao, and investment groups that
include European and US companies.
Inter Parfums says it is expecting a 10 per cent boost in its sales
next year on the back of a plethora of prestige fragrance launches,
as well as the freshly signed deal to supply personal care goods to
the Banana Republic and Gap.
Global packaging provider Rexam is expanding its US business,
announcing this week that it is set to acquire plastic packaging
firm Precise Technology- a move that will expand its capabilities
in both the beauty and food categories.
The tear-away performance of Inter Parfums is showing signs of
tailing off as third quarter sales growth slows to 12 per cent,
against a nine month sales increase of 21 per cent, as the company
is hit by increased royalty and advertising...
Leading Japanese cosmetic producer has posted stronger than
expected nine month results, putting it in a better position as it
gears up for a final tender in early December.
Revlon's ambition to inject greater dynamism in its brand portfolio
has resulted in a drop in its third quarter sales. A heavy
investment in the Almay brand combined with a fall in product
shipping in the US market adds to the...
Leading personal care companies, including Colgate-Palmolive,
Proctor & Gamble and Alberto Culver, have released quarterly
results that show they are weathering current challenging
conditions surprisingly well.
Direct sales giant Avon has posted a seven percent drop in its
third quarter net profit. A continued lull in US sales was further
exacerbated by the impact of increasing fuel costs due to Hurrican
Katrina - a problem that the company...
Kimberly-Clark has reported that its price rises have helped to
off-set soaring energy and raw material costs, allowing it to meet
market expectations for the third quarter.
Procter & Gamble will become the biggest player in the UK
cosmetic and toiletry markers once its merger with Gillette is
complete, over-taking current market leader Unilever. But it may
not be a smooth path ahead, a market report...
L'Oreal's US sales power ahead but investors are disappointed by
Western European sales despite an overall rise in turnover growth,
as the French group releases its third quarter results.