P&G announces cautious 2009 financial guidance
28-May-2009 By Guy Montague-Jones
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
18-May-2009 By Guy Montague-Jones
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
11-May-2009 By Guy Montague-Jones
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
31-Mar-2009 By Guy Montague-Jones
Sara Lee confirmed yesterday that the company is considering selling its household and body care business.
Avon’s future looks bright, report claims
17-Mar-2009 By Simon Pitman
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
13-Mar-2009 By Guy Montague-Jones
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
11-Mar-2009 By Guy Montague-Jones
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
10-Mar-2009 By Simon Pitman
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
10-Mar-2009 By Guy Montague-Jones
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
04-Mar-2009 By Guy Montague-Jones
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
19-Feb-2009 By Simon Pitman
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
18-Feb-2009 By Guy Montague-Jones
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
18-Feb-2009 By Guy Montague-Jones
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
13-Feb-2009 By Guy Montague-Jones
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
04-Feb-2009 By Katie Bird
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
21-Jan-2009 By Guy Montague-Jones
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
15-Dec-2008 By Katie Bird
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
06-Nov-2008 By Guy Montague-Jones
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
30-Oct-2008 By Katie Bird
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
08-Oct-2008 By Simon Pitman
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
07-Oct-2008 By Katie Bird
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
23-Sep-2008 By Katie Bird
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
17-Sep-2008 By Guy Montague-Jones
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
16-Sep-2008 By Guy Montague-Jones
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
15-Sep-2008 By Katie Bird
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
04-Sep-2008 By Simon Pitman
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
03-Sep-2008 By Katie Bird
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
14-Aug-2008 By Katie Bird
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
28-May-2008 By Guy Montague-Jones
Escalating raw material prices have prevented Cognis from
translating its strong first quarter sales increases into profit
Cosmetics trade endangered by REACH
27-May-2008 By Guy Montague-Jones
Urgent last minute negotiations are underway to ensure that
cosmetics trade is not severely disrupted by the June 1 deadline
for REACH registration.
Kline puts lipstick theory to the test
21-May-2008 By Guy Montague-Jones
Recent financial results from leading cosmetics firms have been
mixed but historical data from Kline suggests the US downturn may
give them reason for cheer.
Givaudan hopes to profit from partnership with Colgate-Palmolive
13-May-2008 By Katie Bird
Fragrance and flavours supplier Givaudan has signed a partnership
with Colgate-Palmolive which will allow it to collaborate with the
personal care company on future products.