French cosmetics giant L’Oréal has strengthened its position as the world’s top beauty brand, while Brazil’s Natura and Avon both take a tumble under tough market conditions.
Colgate-Palmolive has reported its fourth consecutive quarter of falling revenues as it continues to battle a strong US dollar against international currencies.
Procter & Gamble has announced a disappointing set of financial results as sales drop for the sixth consecutive quarter and profits take a massive hit on unfavourable currency exchange and Venezuela charges.
The government of Venezuela has once again resorted to currency revaluation in an effort to stabilize its oil-based economy, a measure that will hit big multinational cosmetics and personal care players active there.
Procter & Gamble saw its second quarter earnings take a hit with the strong dollar having a big impact, setting up a challenging year for the Ohio-based firm.
Inter Parfums has posted a 22% increase in its sales of ongoing brand for the quarter ending in June, underlining its recovery from the loss of the Burberry cosmetic and fragrance license.
Colgate-Palmolive announced big gains in its like-for-like sales worldwide for the fourth quarter that was negated by a significant hit from foreign currency exchange.
Although Kimberly-Clark’s Q4 personal care and group sales were level with last year, the results beat market expectations, while net income showed big gains.
After posting disappointing financial results in 2012, Japan-based global cosmetics player Shiseido says that it is looking to implement a significant number of changes including an emphasis on its domestic market.
Fragrance player Inter Parfums has posted a big hike in its first quarter sales on the back of a particularly strong performance in the European market, as the door is finally closed on the Burberry licensing agreement.
Following on from last week’s announcement by the Venezuelan government that it is to once again devalue its currency, some of the world’s biggest cosmetic and personal care players have said they will be hit.
The economic downturn has taken its toll on the Canadian cosmetic manufacturing industry with revenue only growing a meager 0.7 percent per year to an average $1.7 billion in the last five years; but the next five are tipped to fare better.
The personal care packaging manufacturer is to close two of its European sites and restructure twelve of its facilities in a bid it says, to boost future growth in the region.
Estée Lauder reported good sales growth in all regions except for Europe, where economic problems mean consumers are having to cut back on their spending.
Fragrance player Inter Parfums has reported strong gains in both its net profit and revenues for the second quarter, with the biggest revenue increase seen in its US-based business.
Avon Products has reported one of its worst quarterly results in many years, with both sales and profits taking a big hit on the back of tough market conditions and an ill-defined product portfolio.
Leading US cosmetic retailer and provider Sally Beauty has announced a big hike in both its net profit and sales for the fourth quarter on the back of significant business expansion.
P&G first quarter profits were slightly down on higher commodity costs despite sales taking a big leap, but the outlook is more challenging as currency gains are expected to be wiped out.
Kimberly-Clark posted record sales income for the third quarter, boosted by a combination of a weak US dollar, higher sales volumes and higher prices for certain products, but net income takes a tumble, as does the outlook.
New launches and the success of the Lanvin and Jimmy Choo Fragrance lines helped to boost Inter Parfums quarterly results, although currency translations take the shine off.
Inter Parfums has started the year on a strong note after posting sales growth for the first quarter, thanks to both its European and US-based product sales.
Procter & Gamble reports a double-digit increase in third quarter earnings, but reduces it upper end earnings outlook in the belief that manufacturing costs are set to rise further.
Inter Parfums posted an increase in sales for 2010 thanks to a strong economic rebound and product launches across the globe, which all came despite a decline in sales in Q4.
Flavours and fragrance giant Symrise has reported very strong sales growth in the first nine months of the year, driven by outstanding gains in emerging markets.
As the US dollar continues to gain in strength against many international currencies, macroeconomic forces could jeopardise the performance of US-based Estee Lauder.
Global oral care giant Colgate-Palmolive has announced that the impact of the Venezuelan currency devaluation earlier this year will cost the company $275m.
Kimberly-Clark posts rising sales and profit for its Q4 on strong personal care sales but the company’s outlook is weakened by the forecast of slow recovery for paper-based goods.
Inter Parfums says that it expects to see its sales grow in 2010, in contrast to the shrinking sales experienced by the company during the course of 2009.
New York-based Inter Parfums said the sales decline in its European-based divisions masked a very successful quarter for Burberry, one of its leading brands.
Hair care specialist Alberto Culver becomes another victim of the strong dollar against international currencies, as a resulting drop in sales dents profits.
Fragrance and cosmetics maker Inter Parfums has reported record
third quarter 2006 results, as net sales rose 19 per cent, with
established fragrance brand Lanvin being singled out for a
particularly strong performance.
Kimberley-Clark has reported a significant boost in net sales and
income, with particular strength in the personal care sector,
helped by major cost reductions throughout 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.
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...
Inter Parfums has reported a better than expected sales performance
for the fourth quarter and full year 2004. The company said that
favourable currency exchange and it Burberry branded fragrances
were the main reason for the result,...
US-based multinational Revlon has announced a decline in sales of 7
per cent for its third quarter. As well as trying to trying to
refinance its growing debts, the company is also struggling to hold
on to its costumers.
Elizabeth Arden has posted a Q1 loss smaller than that reported for
the same period last year. The narrowing of losses was driven by
favourable foreign currency exchange rates and an increase in sales
of both higher margin fragrance...
Number one flavour and fragrance house reports a drop in sales for
the second quarter, hit by a slip in European and North American
sales. International Flavors & Fragrances had expected sales to
increase by 5 per cent on 2002,...
Avon Products, a world leader in direct selling of beauty and
related products, today said it expects sales and earnings per
share in the second quarter and full-year 2003 to increase in line
with preliminary estimates.
