Unilever has sold two of its North American hair care brands to
UK-based Lornamead Acquisition, an international manufacturer and
marketer of personal care products.
Avon has reported a 67 per cent drop in its first quarter net
income as restructuring charges aimed at reinvigorating sales hit
the company's bottom line.
Eastman Chemical has reported a big dip in its first quarter
profits on the back of rising costs, production disruption and a
sluggish performance from its polymers division.
Leading Japanese and global cosmetics player Shiseido has pulled
back into profit following improved sales and reduced labour costs,
but it is predicting that sales growth will slip in the coming year
as a result of competition.
Colgate-Palmolive has successfully implemented increased pricing
and a greater emphasis on higher margin goods to help boost its
first quarter results despite the challenge of facing stiff
restructuring costs.
After 18 years at the helm of the world's leading cosmetics
company, Sir Lindsay Owen-Jones has stepped down in favour of
Frenchman Jean-Paul Agon. The question on everyone's lips now is
can Agon measure up to the standards...
The answers are all to be found in the latest report to tackle this
subject. Forbes.com has studied the pay for the CEOs of the 500
biggest companies in the US, finding that seven of the highest paid
individuals in the country work...
Avon has confirmed that it will fire 1,300 staff by the end of this
year as part of the comprehensive restructuring program it
announced in November last year.
Luxury cosmetics and fragrances are continuing to provide some of
the biggest sales growth in the industry, as the latest quarterly
results from France-based LVMH Moet Hennessy Louis Vuitton reveal.
Cosmetics giant Estée Lauder has been accused of artificially
inflating its share prices in a lawsuit filed by shareholders who
claim they were tricked into investing in the struggling company.
Personal care and consumer goods giant Colgate-Palmolive has
upgraded its procurement system for materials and services in a
move that is estimated will save the company an estimated $30m by
2008.
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.
