Procter & Gamble has emerged from a challenging financial period to become a leaner and more efficient business, but in the current quarter profits still look under pressure.
MeadWestvaco (MWV) has announced it will make a significant investment to grow Rigesa, its corrugated packaging business in Brazil, to capitalize on the emergent market growth the country is showing.
Procter & Gamble will be increasing the number of brands and products it offers in emerging markets in order to make the most of the growth potential they hold.
Investment company Heliad Equity Partners has acquired an indirect 40 per cent interest in Germany-based cosmetics producer Baden-Baden Cosmetics Group.
Kimberly-Clark has weathered the economic storm relatively well compared to the other big personal care players, prompting the company to paint a rosy long-term forecast.
One of the biggest challenges to natural and organic companies is ensuring a reliable supply of quality raw materials, but experts believe investing in the supply chain is a viable solution.
Having been hard hit by the economic downturn in 2009 L’Oreal says new markets will help to counteract limited growth opportunities in developed markets.
Natural personal care companies are expected to be a key target for investors in 2010, according to Organic Monitor’s latest Strategic Insights report.
Germany-headquartered industrial giant Evonik has agreed to sell its specialty division Alzchem, if the company’s board and Germany’s cartel office agree.
A Mintel analyst has warned that Procter & Gamble (P&G) must commit significant resources to build the premium male grooming market and turn its recent acquisitions into a success story.
Strong sales for its Care Chemicals division and the divestment of the Oleochemicals and Pulcra Chemicals businesses boost Cognis, but net profits were still in the red in 2008.
Atrium Innovations has sold its active ingredients and specialty
chemicals division to AXA Private Equity in a deal that will see it
concentrate solely on the health and nutrition field.
Leading UK toothpaste packaging manufacturer Betts Global has been
bought out by private equity specialist Gresham in a move that aims
to better position the company for future global growth.
PZ Cussons has announced its plans for significant investment
into its manufacturing facilities in both Nigeria and the UK
following a successful year in both markets.
Following the recent sale of its Hirtler soap factory to an
independent buyer, Beiersdorf has stated this week that it will
sell its logistics centre in Hamburg in a bid to bring the
realignment of its supply chain organisation programme...
In line with market expectations, global direct sales leader Avon
says that its Strategic Sourcing Initiative is on course to bring
about savings of $400m (€305m) during the course of the next few
years.
US-based GE Energy Financial Services yesterday confirmed it would
take a majority interest in Idex Aquaservices, a France-based
supplier of purified water to the food, beverage and
cosmeticsindustries.
Avon Products says that as parts of major global restructuring
plans it is to build a state-of-the-art distribution facility in
the Midwest, leading to the consolidation and closure of two
distribution centres in Delaware and Illinois.
Boston Common Asset Management says its move to make US health and
cosmetics provider CVS examine the issue of 'unsafe' ingredients in
its private label products will come to a head when the issue is
voted by shareholders...
More than one month ahead of the scheduled publishing of its
half-yearly results, hair care specialist Alberto-Culver says it is
on course to deliver record results.
Unilever sales grew by just 2 per cent in 2005, putting them in the
shadows as arch rival P&G takes the number one consumer goods
spot following last year's purchase of Gillette.
The battle for Japaneseconsumer giant Kanebo and its cosmetics
division has been narrowed down to three players that include
Japanese personal care giant Kao, and investment groups that
include European and US companies.
In line with the approaching completion of its CIS Supply Centre,
Oriflame has announced that it is hooking up with machinery
supplier Weckerle to establish a lipstick manufacturing facility.
The investment world has given its seal of approval to P&G's
proposed $57 billion acquisition of Gillette, with analysts
recommending Gillette shares as a good buy, but experts are
expecting that the deal will bring headaches...
Toothpaste maker Colgate-Palmolive says it is axing more than 4,000
of its global work force and closing a third of its 78 factories in
a restructuring plan that aims to save the company up to $300
million a year. Simon Pitman reports.