Business & Financial

TFF profits plummet

TFF profits plummet

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...

De Witt acquires T-Zone

De Witt acquires T-Zone

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...

LVMH posts positive results

LVMH posts positive results

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...

Kanebo drops talks with Kao

Kanebo drops talks with Kao

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 to reduce debts

Revlon to reduce debts

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.

Credit cards from Avon?

Credit cards from Avon?

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...

Seeing double at P&G

Seeing double at P&G

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.

Noiro deal comes to close

Noiro deal comes to close

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.

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