Flavors and Fragrance maker Sensient Technologies has reported a 13
per cent drop in its quarterly profits following sluggish sales and
a one off arbitration payment following a dispute with a customer,
reports Simon Pitman.
Kanebo, the Japanese consumer and household goods company, looks
set to be rescued with rivals L'Oreal, P&G, Kao, Shiseido and
Kosé all trying to get in on the rescue bid to rehabilitate the
company, reports reports Simon...
European regulators gave their approval to P&G's $57 billion
takeover of Gillette on Friday, paving the way for the deal to be
sealed this autumn, reports Simon Pitman.
Personal care manufacturer Helen of Troy Limited has announced a 27
per cent fall in its first quarter profits as administrative,
selling and general expenses all mount significantly, Simon
Pitman reports.
US international fragrance company Parlux has announced that it is
considering a number of strategic alternatives in an effort to
boost shareholder value. The company says that this does not
exclude the sale of the company, reports...
L'Oreal has reported a significant growth in its second quarter
sales on the back of a solid performance in both North America and
new markets, prompting investment firm UBS to upgrade its rating,
reports Simon Pitman.
Coty has completed the purchase of Unilever Cosmetics
International, the global prestige fragrance business of Unilever,
a deal that makes it the world's largest fragrance player,
reports Simon Pitman.
As Procter & Gamble shareholders give their approval to the
proposed merger with Gillette, financial analysts at the Prudential
Equity Group have upgraded the company's financial rating, partly
on the strength of the added...
Gillette says it is still planning to finalize its $57 million
merger with Proctor & Gamble this fall, despite complaints from
competitors to anti-competition authorities in Europe. Indeed,
Gillette is so confident about the outcome,...
Procter & Gamble's plans to have the Gillette deal sealed by
the end of the year may have been scuppered following delays by
European regulators and the publication of a report that questions
the fairness of the deal, reports...
Certain of P&G's smaller dental care operations are being
divested as the company readies to seek anti-trust approval in both
Europe and the US. But as acquisition deadlines draw ever closer,
opposition in Gillette's...
US cosmetics giant Estee Lauder is considering buying up the
perfumes and beauty products portfolio for the Yves Saint Laurent
brand, part of the French-owned Pinault Printemps Redoute retail
group, reports Simon Pitman.
Proctor & Gamble has announced that its on-line cosmetics
business, Reflect.com has been closed down. The decision comes
after six years in business, during which time the predicted retail
dot.com never quite lived up to expectations...
Parlux is continuing to win applause from analysts and financial
experts after reporting a 38 per cent rise in net profits for its
fourth quarter earnings on the back of a 32 per cent hike in sales
- thus proving that major licensing...
US fragrance player Coty says it has entered into an agreement to
purchase the global fragrance business of Anglo-Dutch consumer
giant Unilever for an estimated $800 million. The move boosts
Coty's fragrance brand portfolio,...
French cosmetics giant L'Oréal has signed an agreement to acquire
SkinCeuticals, a cosmeceuticals skin care company based in the US,
a move that will see the business expanded into the international
market, reports Simon Pitman.
Publicly-floated US flavour supplier Technology Flavors &
Fragrances is set to go private, as industry rival FFG Industries
begins a tender offer to acquire all of the firms outstanding
shares of common stock.
Sara Lee says it will relocate its corporate headquarters in one
building in Chicago, Illinois, ahead of the planned disposal of its
European personal care operations, writes Simon Pitman.
Inter Parfums has reported that in its first quarter ending March
31, net earnings dropped nearly 8 per cent following increased
expenditures relating to both royalties and marketing, reports
Simon Pitman.
The maker of the Nivea brand has announced first quarter sales
broadly in line with the previous quarter, but a small increase in
profits helped the company to achieve a respectable bottom line,
reports Simon Pitman.
Revlon has reported that it has significantly narrowed its first
quarter losses despite a small fall in its revenue. Overall the
results were below expectations - a better performance being pinned
on a significant reduction of in...
Avon has announced a significant increase in its first quarterly
sales, leading to an even bigger jump in net profits. Although the
UK market registered a slump in sales, it was the central and
eastern Europe markets where extraordinary...
P&G appears to be going from strength-to-strength, with the
announcment that it has increased its first quarterly sales by 10
per cent, exceeding market expectations. Analysts say that the
performance is proof of the company's...
Despite global sales rising 9.5 per cent Colgate-Palmolive has
reported an 11 per cent drop in net profits for its first quarter
results. However, the company said that increased advertising
expenditure had managed to ensure sales...
L'Oreal chief executive says that the company's strong performance
in the US market is being overshadowed by sluggish sales in Europe.
Meanwhile the company's continued focus on the China market is
market by a major...
Kimberly-Clark says it is combining its North Atlantic Personal
Care and Family Care businesses into a single organization under
the leadership of Steve Kalmanson. The announcement comes off the
back of a strong set of financial results...
The Gillette Company says it has filed its own law action against
Massachusetts Secretary of State William Galvin in response to a
subpoena claiming that acquirer-to-be P&G is offering too
little for the global razors and toiletries...
Japanese textiles and cosmetics group giant Kanebo has admitted to
inflating profits by about $2 billion over the five-year period to
March 2003, in what could be Japan's largest accounting fraud
involving a non-financial firm.
Sales at UK accessories and fragrances group Burberry were flat
during the second half, the firm said today, but it forecast
full-year profit growth of at least 15 per cent.
Consolidation in the flavor industry evident as US flavor house
Technology Flavors & Fragrances announces its merger with
fellow flavor firm FFG Industries.
Procter & Gamble's board of directors has unanimously agreed to
propose the declassification of its board structure and annual
election of directors to its shareholder AGM in October, a move
make it more accountable to shareholders.
Cognis Care Chemicals has reported a stronger financial performance
in 2004 thanks in part to a restructuring of the division. The
results helped the privately-owned German group to reduce its debts
by more than half compared to the...
Playtex Products has announced a restructuring program on the back
of strong financial results for 2004. The program aims to push
profit growth into double figures in the course of the next three
years, reports Simon Pitman.
Human Pheromone Sciences, the US company manufacturing and
marketing mood-enhancing pheromones to the cosmetics and personal
care industry, has reported end of years sales sharply up on last
year, as the compound proves increasingly...
Mosaic says it has acquired the assets of Atlanta-based Channel
Source, a retail service company dedicated to the cosmetics
industry. Channel Source will consolidate and move operations to
Dallas while retaining its national staff...
Amway has broken into the Russian market in a bid to tap into huge
consumer growth. The direct sales company is aiming to establish a
sales force for its range of cosmetics and household products from
centres based in Moscow and Nizhni...
Ambitious Israeli fragrance and flavours firm Frutarom has
benefitted from recent acquisitions as year end figures show 40 per
cent boost in sales. But the figures show that growth in the fine
ingredients division, which largely supplies...
Avon says it is on track to deliver strong quarterly growth,
although the US market is likely to prove the exception to regional
growth in view of the tough conditions there.
Magic Soaps has acquired Sun Dog Hemp Bodycare business. The
acquisition will expand Dr. Bronner's presence on store shelves
beyond its castile soaps line to include organic lotions, lip balms
and body balms to eventually introduce...
Inter Parfums has reported its fifth consecutive year of strong
sales growth and increased income for its full financial year,
despite the bottom line being impacted by taxes and interest on
debt repayments in the final quarter, reports...
E Com Ventures has announced that its wholly owned subsidiary,
Perfumania Marketing, achieved a rebound in its sales performance
for February, following a challenging January, reports Simon
Pitman.
Brazilian direct cosmetics sales company Natura has reported a
growth in sales of nearly 30 per cent and a very healthy increase
in profits, following its expansion into the Mexican and French
market during the course of the year,...
Liz Claiborne has reported a strong final quarter for its financial
year 2004, but a mixed performance for its cosmetic revenues clouds
an otherwise good year for the US fashion house.
French cosmetics ingredients producer Coletica has confirmed that
it has received an offer from Engelhard Corporation to buy a
majority stake in its share capital, in a move that will give the
company a much-needed cash injection,...
Global packaging provider Rexam has announced flat results for the
full year 2004, with its plastics packaging division boosted by a
particularly good performance from its beauty operation, reports
Simon Pitman.
Givaudan has reported that sales fell in 2004, with a poor
performance from its fragrance division hampered by its fragrance
ingredients business combined with unfavourable currency exchange
rates, reports Simon Pitman.
UK cosmetics retailer Boots has warned that its full year profits
are likely to be impacted by low levels of consumer spending. The
announcement follows a disappointing December and January that saw
consumer spending well down on...
Oriflame's less than impressive debut as a public listed company
and falling profits has prompted major boardroom changes,
highlighted by the appointment of Magnus Brännström as the
company's new CEO, Simon Pitman reports.
The Brazilian cosmetics and toiletries industry is continuing to
demonstrate strong growth, after the country's industry body
revealed that sales have outstripped global growth in 2004. The
performance is being driven by the...
L'Oreal announced second half financial results broadly in line
with market expectations at the end of last week, boosted by strong
sales in both the US and emerging markets. However, analysts
believe that improvements in profitability...
