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Gerresheimer cuts forecast on weak cosmetic packaging sales

15-Jul-2009 - Gerresheimer has cut its forecast for 2009 after a poor second quarter that saw gains made in drug packaging pegged back by falling demand from the cosmetics industry.

Parlux turnover down although department store sales look strong

13-Jul-2009 - Weak international sales drag down a respectable domestic performance for fragrance manufacturer Parlux in the quarter ending June 30.

Galaxy Surfactants purchases majority stake of Tri-K

10-Jul-2009 - Mumbai-based Galaxy Surfactants has purchased a majority stake in US-based ingredients supplier Tri-K in order to expand on its personal care portfolio and consolidate its global presence.

Mary Kay cosmetics sues Yahoo for allegedly advertising unauthorized sellers

09-Jul-2009 - Direct seller Mary Kay has sued Yahoo for allegedly placing links to unauthorized product sellers in promotional e mails sent to Mary Kay customers.

Croda closes UK factory due to loss of raw material supply

09-Jul-2009 - Croda is closing a production plant in Wilton, UK, as its main raw material supplier Dow has stopped production at the site.

Nova Chemicals bought out by Saudi petrochemical company

08-Jul-2009 - Global packaging and chemicals player Nova Chemicals has been acquired by Saudi Arabian firm International Petroleum Investment Company.

BASF cuts jobs and closes factories to integrate Ciba into business

07-Jul-2009 - BASF will be cutting 3,700 jobs and closing over 20 production facilities as part of the integration of Ciba into the business.

Crabtree & Evelyn files for bankruptcy in the US

01-Jul-2009 - Specialty soaps and skin care provider Crabtree & Evelyn has filed for bankruptcy in the US, becoming the latest personal care player to fall victim to the economic crisis.

Flotation of China hair care company sparks investment fever

30-Jun-2009 - An IPO for leading China hair care BaWang has triggered investor interest that saw shares traded at the top end of forecasts, raising €152m for the company.

Rhodia reinforces global presence through acquisition in Asia

29-Jun-2009 - Rhodia has just completed the acquisition of its minority partner’s shares in its joint venture Rhodia Thai Industries, as part of the firm’s wider strategy to reinforce its global presence in specialty surfactants.

Kao Corporation strengthens European production base

26-Jun-2009 - The Japanese cosmetics company has acquired the plant-related assets of German hair care manufacturer Reichardt International in order to enhance its distribution in the European market.

News in brief

Dabur India completes acquisition of skin care firm

26-Jun-2009 - India-based consumer goods company Dabur India has completed the acquisition of skin care brand Fem, which becomes one the company’s subsidiaries.

L’Oreal appeals against eBay ruling

26-Jun-2009 - L’Oreal has appealed against the French court’s ruling that eBay is not responsible for the sale of fakes on its website, although it confirms it is willing to resolve the issue via mediation.

CVS banned from selling defaced Coty’s Davidoff fragrance

25-Jun-2009 - A New York court of appeal has upheld a ban that stops US retailer CVS from selling Coty’s Davidoff fragrance if the packaging has been defaced.

News in brief

Shareholders approve Ciba - BASF merger

25-Jun-2009 - Shareholders voted in favour of the merger of BASF and Ciba at the annual general meeting of Ciba in Basel.

P&G ventures into risky and uncharted territory with acquisitions, says analyst

24-Jun-2009 - 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.

Weekly comment

New Procter & Gamble head has a job on his hands

24-Jun-2009 - Robert Macdonald becomes CEO of Procter & Gamble (P&G) as its brands face fierce competition from discounters and private label alternatives.

Workers shift from Lonza to DSM

24-Jun-2009 - Over one hundred employees of Switzerland-based Lonza will become part of the DSM empire from January 2010.

McBride rides private label wave with strong results

24-Jun-2009 - Europe’s leading private label personal care and household products manufacturer has bucked the downward economic trend to report strong results.

Hair care firm to buy Kanebo spin-off for $261m, say sources

23-Jun-2009 - Hair colour maker Hoyu is set to buy a controlling stake in former Kanebo spin-off company Kracie Holdings for about 25 billion yen ($261m), according to press reports.

Lonza and DSM extend partnership and hint at restructuring

23-Jun-2009 - Lonza and DSM Nutritional Products have extended a partnership that has been operating for over 40 years in an attempt to remain competitive in difficult economic times.