One week from Monday, Jurevics will take on her new role, according to an announcement from Shiseido Americas, which owns the Bare Escentuals brand. And if her executive track record is any indication, the color cosmetics and skin care brand will set...
On Monday, Cullin took on her new role leading the brand’s commercial business and customer experience. The general manager position itself is also new for Bare Escentuals US, and in it Cullin reports to Marc Rey, president and CEO of Shiseido Americas.
The brother of Bare Escentuals’ former director of tax is being accused of using confidential information regarding Shiseido’s acquisition of the company to inform his purchases of stock.
A significant drop in profit and weaker domestic sales in the first nine months of 2010 has led Japanese-headquartered Shiseido to lower its forecasts for the full year.
Although demand for mineral make-up remains high, the increasing number of products on the market with a low mineral content may harm the credibility of this product category, according to Datamonitor.
With recent industry financial results indicating that the worst of the economic crisis might be over, the first quarter of 2010 has in turn been marked by a flurry of M&A activity.
Bare Escentuals shareholders have demanded investigations into the board of directors following the announcement that Shiseido wants to buy the mineral make-up player.
A class action was officially filed in the US district court in California this week against directors and executives at Bare Escentuals, accusing them of misleading investors.
Color cosmetics company Bare Escentuals is being accused of artificially inflating the company’s share prices by providing misleading information to the public.
Bare Escentuals expects first quarter sales to fall significantly as retailers lower their inventories to cope with the increasingly uncertain economic environment.
Riding a significant rise in demand for its mineral-based cosmetic
products in the US market, Bare Escentuals is eyeing expansion in
overseas markets, supported by its acquisition of a UK distributor.
