Revlon revealed falling sales during its third quarter, underlining tough retail conditions and the strength of the dollar against international currencies.
Beauty packaging specialist Rexam is considering issuing new equity to service its burdensome debt pile, after market conditions failed to improve in the last quarter.
Brazilian cosmetics player Natura said that its recently announced share offering is likely to raise in excess of $800m as Brazilian and US investors clamor for shares.
Elizabeth Arden is the latest cosmetics company to cut its sales and earnings forecast, leading its share price to plummet to the lowest it has been in 9 years.
Procter & Gamble continues to extend its lead in the list of the top ten publicly traded global personal care players, according to their performances in 2007.
French luxury beauty player Clarins says its holding company will proceed with a squeeze-out offer on September 26 to buy back the remaining shares it does not own.
Independent cosmetic giant Clarins has been given the go ahead by French authorities to proceed with the proposed buy back scheme that should lead to a stock market delisting.
Investment advisory group Deminor has written to the French financial authorities to complain about the validity of Clarins proposed share buy back scheme.
Sliding share prices on the stock exchange and financial downgrades point to tougher times for the personal care industry as high commodity prices hit hard, experts say.
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.
P&G just seems to be going from strength to strength. An
announcement by leading financial advisors Goldman & Sachs that
it was adding the company to its 'buy' list of preferred stocks has
led to a jump in share...
Salon hair care specialist Sally Beauty has confirmed that its
Beauty Systems Group will lose its right to distribute L'Oreal
USA's professional beauty care products - a decision that is
expected to significantly impact...
Parlux Fragrances has announced the decision to sell the Perry
Ellis Fragrance brand back to its namesake, Perry Ellis
International clothing (PEI), a move which follows previous
attempts to sell the fragrance brand in a bid to generate...
Parlux Fragrances has confirmed that its number one licensed
fragrance brand is not up for sale. The news came following a
decision made by Perry Ellis International (PEI) that it would not
give its consent to the sale.
As expected troubled cosmetics player Revlon has amended it bank
credit agreement as a means of securing its short-term stability
after the company chose to withdraw its much maligned Vital
Radiance cosmetic line for old women.
Canadian branded cosmetics franchise business, Faces Cosmetics, is
to list on the London Stock Exchange with a capitalization of
£5.98m ($11.37m) in a move that aims to raise funds for further
expansion.
Shareholders are demonstrating their dislike of the recent action
taken by Parlux Fragrance executive by filing a succession of
lawsuits claiming that company insiders had misled shareholders by
issuing misleading statements.
Parlux Fragrances has been warned that it will be delisted from the
Nasdaq index because of non-compliance with stock exchange
requirements. The news comes as the company attempts to sell off
some of its fragrance brands.
Following a flurry of activity that saw its shares rocket this
week, Colorado-based personal care provider OraLabs has confirmed
that it is selling up to a Chinese investment company, turning the
company private again.
Colorado-based OraLabs has reported record results on the back of
strong sales of breath-freshening products as well as its other
core oral care and lip balm products.
On the back of a significant financial turn around since going
private in 1999, Sweden-based cosmetic direct sales company
Oriflame has bid good-bye to one of its biggest investors after
Industri Kapital 1997 Fund sold the remaining...
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.
The investment world showed its disappointment in Avon's recently
announced quarterly results with a flurry of market activity that
saw the company's share price fall by more than five dollars.
As Parlux Fragrances CEO Ilia Lekach withdraw his share buyout
offer on the back of pressure from shareholders, investor
confidence in the company is sending share prices into a dramatic
fall, which is likely to spell take-over bids.
Following shareholder complaints over a proposed company share
buy-out, Parlux has said that it will delay filing its end-of-year
financial report because it needs more time to access its internal
control policies.
California-based Southern Cosmetics has introduced a spyware and
spam analysis program that claims to have protected the company
from the potential threat of spam campaigns spreading rumors
concerning business dealings that ultimately...
Alberto-Culver, the leading US-based hair care products company,
has said it will spin off its Sally Beauty professional hair care
business as an independent public company in a move that is
estimated to be worth $3bn.
The European Commission has given its blessing to L'Oreal's
takeover of UK-based The Body Shop, as the French cosmetics giant
announces that the offer is now unconditional as to acceptances.
Having increased its offer to buy out leading personal care
supplier Engelhard, Germany-based BASF is looking more and more
likely to be successful in its hostile takeover bid.
Cosmetics giant Estée Lauder has been accused of artificially
inflating its share prices in a lawsuit filed by shareholders who
claim they were tricked into investing in the struggling company.
Shares in leading US cosmetics company Elizabeth Arden fell last
week after a number of leading financial analysts downgraded their
rating, citing rising competition in the celebrity fragrance market
and a weak start to its new anti-aging...
Leading salon hair care provider Regis says it has agreed to merge
with Alberto-Culver's ailing Sally Beauty business - a move that is
estimated to transform Regis into a $4.5 billion global
professional beauty company.
Although the company's sales for the quarter only grew by 1 per
cent, the performance was boosted by favorable exchange rates, as
the company announces a future focus on color cosmetics and seniors
to maintain the momentum.
Avon shareholders have filed a class action lawsuit in New York,
claiming that the direct sales cosmetics giant failed to tell the
marketplace about the true state of its business, reports Simon
Pitman.
As Procter & Gamble shareholders give their approval to the
proposed merger with Gillette, financial analysts at the Prudential
Equity Group have upgraded the company's financial rating, partly
on the strength of the added...
French cosmetics ingredients producer Coletica has confirmed that
it has received an offer from Engelhard Corporation to buy a
majority stake in its share capital, in a move that will give the
company a much-needed cash injection,...
Skincare technology company Radiancy aims to raise £30 million (€45
m) through its flotation on the London Stock Exchange next month.
One look at Radiancy's corporate profile tells you that it is a
small company with big ideas...
Shares in Natura Cosmeticos stock, which was listed on Brazil's
Novo Mercado, Wednesday, rose 12 per cent in heavy early afternoon
trade as the country's first IPO in more than two years proved
popular with investors, writes...
German beauty care company Henkel has accepted a takeover offer
from US consumer goods giant Procter & Gamble for its 6.86 per
cent stake in German haircare company Wella, the company said on
Friday. P&G has been in control...
Swiss supplier of fragrance ingredients Givaudan has decided to
start a new share buy back programme of up to 800,000 registered
shares - representing 10 per cent of the share capital, announced
the board of directors this week.
Procter & Gamble Germany Management today announced results
from the initial tender offer for Wella shares. P&G has now
acquired a total of 9.69 per cent of the registered share capital.
