Job changes and board appointments are an inevitable part of the shifting tides of the cosmetic and personal beauty care industry. In this recurring segment, CosmeticsDesign looks at recent and notable employment changes within these business areas.
Biodiversity is reshaping the beauty industry as consumers are more clued in and company approaches begin to change, according to the Union for Ethical BioTrade.
Hair care has always been a complex topic for beauty companies and has led to French firm L'Oréal opening a dedicated hair research centre in Paris focused solely on scientific developments and meeting market demands. Cosmetics Design was invited...
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.
Clarins says that after its proposed delisting is complete it
intends to go ahead with plans to refocus its portfolio, despite a
negative stock market reaction.
Clarins, one of the last sizeable independent cosmetic companies,
has offered to buy back outstanding shares in an effort to delist
from the Paris Bourse.
As part of its ambitions to grow its brand footprint on a global
basis, Germany-based Beiersdorf says it wants to up its
investment for marketing and advertising in the US market.
As shares in the luxury French cosmetics player continue
to fluctuate over take-over speculation, Clarin's executives
have again confirmed their intentions that the company will remain
independent.
Innovative natural cosmetics player Bare Escentuals has announced a
strong set of quarterly results, but doubts have arisen as the
company warns that future sales may be hit by the failure of one of
its latest infomercial campaigns.
Although an improved financial performance has helped raise the
profile of Parlux Frangraces, a new warning letter about the late
filing of its financial results suggests the company is still
fighting to set its house in order.
Fragrance player Parlux has announced a significant increase in its
sales for the 2007 financial year, but a net loss from its
continuing operations marks a difficult year in which rapid
expansion has seen its administration capabilities...
Prestige naturals cosmetic player Bare Escentuals says it is on
course to achieve its financial goals for 2007, confirming its
status as one of the fastest growing companies in this segment of
the US market.
After months of uncertainty, leading fragrance player Parlux has
confirmed two key appointments on its executive board, in a
decision that has been applauded by the investment world and is
likely to help put the troubled company back...
Sensient Technologies, provider of flavors and colors to the
food industry, has reported a 11.1 per cent rise in net income, and
publicly rebukes an industry analyst over erroneous comments he
made relating to the results.
Parlux has reported another disappointing quarter, with profits
falling 20 per cent against a slight slip in sales, as lower
margins and royalty payments bite hard.
Avon Products has filed a new report with the US Securities and
Exchange Commission (SEC) outlining the latest initiatives for its
ongoing restructuring plan, leading to further charges of up to
$15m for redundancy and organizational...
New Jersey-based CCA industries, a marketer of niche beauty and
health products, has announced a considerable increase in its third
quarter sales that is helping to drive the company towards its goal
of acquiring further brands.
With Avon in the midst of a major restructuring CEO Andrea Jung
says that savings are going to be poured back into the company's
future, with research and development, the internet and advertising
targeted for major investment.
In answer to concerns over its financial position Revlon has taken
the decision to cut its workforce and drop the badly received Vital
Radiance cosmetics line for older women.
Having received the first license for a foreign-owned company to
resume direct sales of cosmetic products in China, Avon added more
than 33,000 new sales staff to its workforce there last month,
according to data from the Chinese...
Global cosmetics giant Beiersdorf has announced the next step in
its restructuring plan with plans to sell off the production and
logistics facilities for its France-based affiliate.
Strong results from Rexam show that the company is winning the
battle to beat higher costs, but its beauty packaging business
reports that there have been launch delays.
Fragrance player Parlux Fragrances has delayed the filing of its
first quarter results following its planned share flotation, but
has warned of a big dip in its sales for the period sending share
prices falling.
Parlux Fragrances CEO Ilia Lekach has made an unsolicited offer to
buy back the company shares at $29 in a bid to take the company
private and fend of the threat of short-term investors.
As part of its massive worldwide restructuring program, Avon has
announced that a further 900 jobs are to go, in addition to the
1,300 jobs it axed at the end of April.
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...
After more than two years of searching for its first move into the
cosmetics business, UK-based Reflexion Cosmetics says it is in
talks for a potential reverse take over.
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...
Playtex Products has announced a restructuring program on the back
of strong financial results for 2004. The program aims to push
profit growth into double figures in the course of the next three
years, reports Simon Pitman.
