Parlux says loss of Guess license will lead to lower sales in 2011
Following its annual general meeting, executives at Parlux say the company is likely to see lower sales in 2011, due to the loss of the Guess license.
LVMH reports strong growth, driven by new launches
New fragrances and cosmetic launches help to boost group sales at LVMH by 19 per cent during the first nine months of 2009.
P&G CEO claims target of 5 billion consumers is on track
During Procter & Gamble’s annual meeting, CEO Bob McDonald says his company’s growth plan is on track to achieve its target of five billion consumers in five years.
L'Oreal rumored to be in talks over Avon takeover bid
Investors are taking rumors over a potential Avon take-over bid so seriously that share prices have risen significantly in the past couple of days.
L’Oreal underlines plans for future sustainable development
L’Oreal has been acknowledged for its efforts on sustainable development several times in the past year and its recently published annual report stresses how this area will continue to be a core focus for the business.
Investors to target natural personal care companies in 2010
Natural personal care companies are expected to be a key target for investors in 2010, according to Organic Monitor’s latest Strategic Insights report.
Prestige market shows clear signs of recovery
The economic crisis meant that 2009 was a struggle for prestige cosmetic players, but financial results show that in the last quarter of the year things started to improve.
The time is now for niche players to target the developing markets
With the growth of cosmetics sales continuing in most of the major developing markets new opportunities continue to proliferate for niche cosmetic players, but now is the time to get in on the act.
As consumers feel the pinch of a global recession they often look to private label goods as a way to save a few pennies. Couple this with the lower overheads and financial outlay offered by contract manufacturers and the sector seems to have a winning...
Economic crisis redefines the cosmetics industry
Despite cries of the ‘lipstick effect’, the cosmetics and personal care industry has not been protected from the economic downturn and some analysts argue recent alterations to the market and changes in consumer behaviour might be here to stay.
Sales of men’s toiletries struggle in the summer heat
Men’s toiletries have suffered the most in the early summer heat while disinfectants have thrived, according to Bernstein Research.
Kimberly-Clark increases the number of proposed job losses to 1,600
Dallas-based Kimberly-Clark says it wants to increase the number of job cuts to 1,600 following an earlier announcement that it was aiming to cut 1,000 staff.
P&G buys another luxury men's grooming company
Top three stories this week
Procter & Gamble has added another high-end male grooming brand to its portfolio through the acquisition of men’s skin and shave care brand, Zihr.
Estee Lauder joins L’Oreal and P&G in lowering prices to boost sales
Estee Lauder has joined L’Oreal and Procter & Gamble in unveiling its strategy of targeting value products to appeal to cash-strapped beauty consumers.
Interactive timeline of the ugly economy and the beauty industry
Cosmetics Design has created an interactive timeline of the major news stories on job losses, corporate failure and restructuring in the cosmetics industry over the past six months to give readers a new perspective on the impact of the economic crisis.
P&G resumes acquisition trail, buying men’s grooming company
Procter & Gamble has bought the Miami-based business Art of Shaving as part of its plans to expand into the international prestige men’s grooming category.
Appointment of new Physicans Formula CFO threatens NASDAQ listing
Physicians Formula has received a NASDAQ Staff Deficiency Letter threatening the company with delisting if it does not fulfill requirements for its executive board.
Revlon announces 400 job losses worldwide
New York-based Revlon has announced restructuring plans that will result in 400 job losses worldwide.
P&G announces cautious 2009 financial guidance
Procter & Gamble (P&G) has released earnings expectations for 2010 that failed to live up to Wall Street estimates but shares in the company remained steady.
Dealmakers search for acquisition bargains in cosmetics and pharma
Corporate bargain hunters are looking for good buys in cosmetics and healthcare as the economic downturn throws up a range of acquisition opportunities.
Destocking: It's the perfect excuse for poor performance
Top three stories this month
Cosmetics companies looking for something to blame for poor financial results are turning to the ever so convenient excuse of destocking.
Dow’s acquisition of Rohm and Haas has been a financial drama involving legal bickering and funding uncertainty. Now that the deal is done, CosmeticsDesign.com spoke to the head of personal care at Dow to find out how the acquisition will affect the company's...
Sara Lee confirms interest in selling personal care business
Sara Lee confirmed yesterday that the company is considering selling its household and body care business.
Avon’s future looks bright, report claims
Its commission-only workforce, cost-cutting measures, the global nature of the business and a future weakening of the dollar all put Avon in a strong position.
European Commission imposes conditions on BASF’s acquisition of Ciba
BASF is now one step closer to acquiring Ciba but had to promise to share cosmetics know-how and sell businesses to get the €3.8bn deal accepted.
Coty's ex-CFO accuses former employers of fraud
Coty’s former chief financial officer has filed a civil complaint against the company accusing the board of “arbitrarily, capriciously, fraudulently and illegally” cheating him out of millions of dollars in stock options.
Avon rating downgraded on currency weakness and CEE gloom
Citing currency weakness and overexposure in the Central and Eastern European (CEE) market, an analyst has downgraded Avon's outlook for 2009.
Dow settles differences with Rohm and Haas
Dow Chemical’s acquisition of Rohm and Haas will go ahead after the companies reached an agreement that eases Dow’s debt burden.
Helen of Troy buys therapeutic hair care business from P&G
Helen of Troy is widening its portfolio of hair care brands with the acquisition of Infusium 23 from Procter & Gamble.
Avon extends restructuring to cut costs
Avon says it is extending its restructuring plan into a $900m savings program that will focus on efficiencies within the global supply chain.
Risdon International considers bankruptcy
Risdon International is considering bankruptcy and has temporarily shut down cosmetic packaging operations in the US.
Budelpack Holding calls in adminstrators to save leading contract manufacturer from collapse
Budelpack Holding has called in the administrators putting the future of one of Europe’s largest contract manufacturers of cosmetics in doubt.
Financial dispute breaks out between Henkel and Budelpack
Budelpack is locked in a financial dispute with Henkel that puts the future of another of its cosmetic factories in doubt.
Tupperware sales suffer from strong dollar
Tupperware’s beauty business suffered significant losses over the quarter prompting a change of leadership in an attempt to ‘reinvigorate’ the segment.
Analysts divided on health of Avon
Avon releases its fourth quarter results at the beginning of February but analysts disagree on the health of the direct seller in the current climate.
L’Oreal cuts 500 jobs in US
L’Oréal will be cutting 500 hundred jobs in the US before mid 2009 in an attempt to streamline its activities.
Elizabeth Arden reports loss but remains upbeat
Elizabeth Arden is the latest beauty company to have reduced its sales forecast in anticipation of sluggish consumer spending.
Fragrance sales continue to disappoint for IFF
International Flavors and Fragrances has reported a drop in profits this quarter due to higher input costs and a shift to lower margin products.
Helen of Troy announces poor second quarter
Sales are down and profits have been drastically hit for Helen of Troy’s second quarter results as the company’s personal care division feels the pinch.
Celebrity fragrances boost Parlux results
Celebrity scents have boosted second quarter sales for Parlux Fragrances, which is currently launching Paris Hilton’s latest offering for the holiday season.
Procter and Gamble seeks tax refund from IRS
Procter and Gamble (P&G) is suing the US Internal Revenue Service, claiming it has been overcharged in taxes.
BASF makes billion dollar offer for Ciba
BASF has announced plans to acquire rival firm Ciba for €3.8bn in a move that will extend significantly its range of products for the plastics and coatings industries.
Hypermarcas completes major Brazilian cosmetics acquisition
Hypermarcas has taken a deeper bite into the Brazilian cosmetics market with the acquisition of Niasi for R$366m ($200m).
Alberto Culver acquires skin care brand from P&G
Alberto Culver has acquired skin care brand Noxzema from Procter and Gamble, in an attempt to focus on the category.
Coty announces strong annual sales across all divisions
Fragrance giant Coty has announced fiscal year sales of $4 billion; a significant improvement on last year’s results.
P&G buys up scalp care specialist Nioxin Research Laboratories
Building on its strength in scalp care category Procter & Gamble has acquired Nioxin Research Laboratories, which specializes in products for thinning hair.
Revlon repays debt to cut costs
Revlon has announced plans to significantly reduce its debt as recent results suggest the company’s performance continues to improve.
Estee Lauder performs better than expected
Estée Lauder has reported higher than expected profits from the year, despite its weakening performance in the US.
Cognis fails to turn higher sales into profit growth
Escalating raw material prices have prevented Cognis from
translating its strong first quarter sales increases into profit
Cosmetics trade endangered by REACH
Urgent last minute negotiations are underway to ensure that
cosmetics trade is not severely disrupted by the June 1 deadline
for REACH registration.