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...
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...
Nimbus Group, a licenser of fine fragrance and skincare, is set to
acquire a majority stake in Fragex a Paris-based developer of
cosmetics and fragrances.
French pharmaceutical company Sanofi-Synthelabo, part owned by
L'Oreal, has launched a hostile takeover bid for its larger rival
Aventis, in a move which would create a top three drug major.
L'Oreal has managed to reach its financial year sales target, helped by the concentration of products launched in its first and last quarter. However, the cost of achieving this growth may translate into low earnings for its 2003 second half results...
Beiersdorf, the German manufacturer of Nivea cosmetics, has
reported a fall in turnover for the first time in many years. In
its results to year end, the company reveals that turnover fell by
1.5 per cent to €4.67 billion in real...
Global producer Noveon, today announced that it has acquired Scher
Chemicals, a manufacturer of emollient and surfactant specialty
chemicals used in cosmetic and other personal care formulations.
German-based Henkel Group is to further strengthen its hair
cosmetics business through the acquisition of US company Advanced
Research Laboratories (ARL). The agreement will push the European
company into third position in the US...
French cosmetic ingredients supplier Rhodia has reached an
agreement with its creditors to refinance its debt burden, giving
the company breathing space to continue its restructuring
operations.
Paris-based subsidiary, Inter Parfums SA, is to move into the men's
skin care sector after agreeing to buy a 64 per cent interest in
Nickel for €5 million.
Kao, Japan's biggest maker of toiletries, plans to add cosmetics to
its product lineup in China by the middle of next year in a bid to
find faster markets for growth. Kao's plans for China is aided by
its intention to purchase...
Avon is to become the first cosmetic company to put its name to a
co-branded credit card. The company's innitiative is set to cause a
ripple throughout the whole industry sector as companies strive to
stay ahead in an increasingly...
Atrium this week announced its full acquisition of active
ingredient supplier Siricie. The €1.6 million cash deal
demonstrates the trend of biotechnology companies moving further
towards novel products.
Tokyo is set to become L'Oréal's third largest operational centre
today, following the company's shareholding extension in Japenese
Shu Uemura Cosmetics. The agreement confirms the company's
commitment to globalising...
Softness in US colour cosmetics cut into third quarter figures for
US cosmetics company Revlon with the New York-based company
reporting a loss of $54.7 million for the period.
Procter and Gamble, owner of the Olay, Pantene and Head &
Shoulders lines and recent acquirer of Wella, today announced
healthy Q1 results including double-digit earnings growth for its
beauty and health care segments.
Kao, Japan's leading manufacturer of specialty chemicals and
personal care and household products, and Kanebo, the country's
second largest cosmetics maker, have announced a provisional
agreement to consolidate the two companies'...
The consortium led by German coffee company Tchibo has signed an
agreement to purchase a 40 per cent holding in Nivea creams maker
Beiersdorf from German insurer Allianz, upping the stakes in a
potential takeover bidding war between...
Better business plans, closer consumer relationships, tighter
customer partnerships, more sustainable growth' was the slogan
provided by Procter & Gamble's president A.G. Lafley in an
upbeat address to the company's...
The wind might have changed direction for UK-based The Body Shop
with the natural beauty company reporting first half figures for
2003 that showed profit before tax rose to £9.1 million, compared
to a loss of £0.7 million for the...
The deal announced in early September for the sale of Noiro, the
cosmetics and detergent business of Finnish healthcare specialist
Orion Corporation, to funds managed/advised by CapMan was closed
today.
Door-to-door cosmetics giant Avon digs deeper into Russian beauty
market with a hefty $40 million (€35m) investment in production
facilities, helping to hit the company's $500 million Russian sales
target for 2007.
Amerchol Corporation has announced an agreement for the sale of
several product lines used in the manufacturing of personal care
products, as well as a manufacturing plant in Belgium, to the
Lubrizol Corporation.
Alcan's hostile takeover of French counterpart Pechiney has become
a friendly bid following acceptance of a revised offer for the
company by Pechiney's board. But getting regulatory approval may
prove harder.
Unilever has announced the signing of an agreement to sell its oral
care brands in the United States and Canada to owners of the Arm
& Hammer trademark Church & Dwight of Princeton, New
Jersey.
Finnish healthcare specialist the Orion Corporation and its funds
manager/adviser, private equity investor CapMan, have agreed upon a
deal for the acquisition of Orion's cosmetics and detergent
business unit Noiro by funds managed/advised...
Direct cosmetic seller Avon Products has benefited from favourable
'currency tailwinds' in the third quarter as well as strong sales
in the US, keeping it well on track to meet, or exceed, its
financial targets. Sales for...
Consumer products group Procter & Gamble has closed a €4.65
billion deal to purchase hair care and beauty company Wella. In
agreement with the tender offer launched at the end of April this
year P&G will purchase the additional...
Swiss flavours and fragrance company Givaudan saw operating profit
for the first half of 2003 knocked by lower gross margins and a
rise in pension charges.
ICN Pharmaceuticals has announced the signing of a license
agreement which amends its current manufacturing license with
Senetek to expand ICN's moisturising Kinerase product line.
A hair care remedy package from Procter & Gamble has paved the
way for anti-trust clearance from the European Commission, allowing
it to go ahead with the acquisition of German group Wella.
Valentino will regain control from Unilever Cosmetics International
(UCI) of the brand's line of fragrances. The move is a further step
in Valentino's renegotiation strategy following its acquisition by
the Marzotto Group...
A new report from market analyst Datamonitor reveals the average
Norwegian spends more on haircare products than anyone in Europe.
Consumers in Norway spend €50, almost twice the amount as the UK
consumer at €27.
Sensient Technologies Corporation, US manufacturer of colours,
flavours and fragrances, has reported a steady increase in revenue
of 9.3 per cent for Q2 compared to the same period in 2002, rising
to $261.9 million (€233.6m)
LVMH-owned fragrance and beauty retail chain Sephora has announced
its association with Poland's Empik in a bid to confirm its
leadership position in Poland.
Number one flavour and fragrance house reports a drop in sales for
the second quarter, hit by a slip in European and North American
sales. International Flavors & Fragrances had expected sales to
increase by 5 per cent on 2002,...
German beauty care company Henkel has accepted a takeover offer
from US consumer goods giant Procter & Gamble for its 6.86 per
cent stake in German haircare company Wella, the company said on
Friday. P&G has been in control...
Emil Flachsmann, a Swiss supplier of natural compounds and
ingredients for cosmetics, is to come under the wing of flavours
multinational Frutarom, following an agreement between the two
companies announced this week.
Swiss supplier of fragrance ingredients Givaudan has decided to
start a new share buy back programme of up to 800,000 registered
shares - representing 10 per cent of the share capital, announced
the board of directors this week.
The Body Shop founder and ardent environmental campaigner Anita
Roddick was awarded the title of Dame as part of the Queen's
Birthday Honours released on 14 June. She was awarded the title for
her life-long work in retailing,...
