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.
Body Shop International said that its latest results for the six
months up to 27 August showed new lines featuring exotic community
trade ingredients such as Brazilian babbusu nut oil and Zambian
honey have been a major driving force...
Parlux Fragrances looks to have struck gold with its crop of
celebrity and designer fragrances licenses and is expecting to
report an impressive 74 percent increase revenue for Q2 compared
with last year.
The acquisition of the Gillette Company by Procter & Gamble was
cleared on Friday by the US Federal Trade Commission (FTC),
resulting in the two companies operating jointly as of October 3.
L'Oreal has pulled out of the bidding for beleaguered Japanese
household and cosmetics group Kanebo, citing a lack of Synergy with
its existing brands.
Private label cosmetics are growing at a rapid pace, increasing
their share of the global marketplace and eating into the market
share of brands according to ACNielsen.
American direct marketer Nu Skin is setting up operations in Russia
at the beginning of next year, and has tapped one of its most
successful European executives to lead the new venture.
Elizabeth Arden is standing by its earnings expectations for the
financial year, despite early signs that cosmetics manufacturers
are in for a rough ride as economic conditions continue to look
doubtful.
Reflecting economic uncertainties both Avon and Estee Lauder have
reduced their earnings expectations for financial year. The
continued rise in oil price is hitting manufacturing costs, while
the resulting economic uncertainty is...
Advantage Research Lab has been established with the aim of
developing cosmetics products formulated for the individual
requirements of ethnic products. Differing hair and skin types
according to ethnicity means that the market for...
Rexam is expanding its plastics packaging business in a tough
market, announcing that today it has agreed to purchase a US maker
of injection-moulded jars and closures for £83m (€123m) - a move
that will expand its capabilities in...
Estee Lauder has reported a six per cent fall in its profits
despite a significant hike in its sales for its fourth quarter. The
company said that large tax charges and increased expenses had led
to the decline, but a rise in earnings...
The Japanese government bailout agency is to finalise the list of
bidders for household and cosmetics company Kanebo as final bids
are submitted today. Although all the bidders have maintained
silence throughout the run-up, global...
Despite reporting a significant hike in its sales, net profits for
the international perfume license holder fell as the impact on
higher royalties for its Burberry fragrances was felt. But the
future looks brighter as the company...
Swiss-based global fragrance and flavours giant Givaudan says that
a down-turn in its performance for the first six months of the year
was buouyed by a stronger showing from it international fragrance
operations.
Although the company's sales for the quarter only grew by 1 per
cent, the performance was boosted by favorable exchange rates, as
the company announces a future focus on color cosmetics and seniors
to maintain the momentum.
Parlux Fragrance has reported a 74 per cent jump in profits on the
back of the continued roll out of Paris Hilton branded goods
together with the success of new fragrances such as Guess? for
women.
Gillette has reported a significant rise in both quarterly sales in
profits boosted by a series of new product launches. The results
leave it in good shape for the proposed merger with P&G later
this year, reports Simon Pitman.
Unilever's second quarter results continue to indicate that future
growth in its home market, at least in the medium term, lies in the
east, as sales in western Europe continue to sit in the doldrums,
reportAhmed ElAmin and Simon...
Avon shareholders have filed a class action lawsuit in New York,
claiming that the direct sales cosmetics giant failed to tell the
marketplace about the true state of its business, reports Simon
Pitman.
P&G is building on four years' of solid growth, having revealed
that its most recent quarterly results are continuing the trend and
is pointing to the proposed merger with Gillette as a means of
continuing the current momentum...
Oriflame has reported operating profits well down on the same
period last year, as the company's attempts to expand into new
markets hit the bottom line, reports Simon Pitman.
Alberto-Culver, the hair care and skin care maker, has announced
record sales and profits on the back of steady underlying sales for
its leading global brands and the sale of its European professional
hair care division, reports Simon...
NuSkin Enterprises, the Utah-based cosmetics and supplements maker,
has announced record quarterly revenue. Results were given a big
boost by the performance of its supplements division, which
detracted from the performance in the...
Glamor model Niki Taylor is suing a Tennesse-based cosmetic
company, claiming it illegally used professional photos of her to
promote a number of product lines.
The gap is growing between Avon's leading market, the US, and the
rest of the world, as growth in both second quarter revenue and net
income continues to prop up a sagging domestic performance. But a
dip in China sales and slower...
The Royal Society and the FDA have re-iterated their concerns about
the use of nanotechnology in cosmetics products following concerns
raised in the British press about L'Oreal's 'nanosome' anti-aging
products,...
Clothing retailer Gap is to launch a new line of fragrance and
personal care products, enlisting the help of Inter Perfums for the
job. The project aims to launch the retailer's sagging sales by
tapping into some of the industry's...
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...
