Breaking News on Cosmetics Formulation & Packaging - Europe US edition

Simple brand put up for auction with a £250m price tag

27-Oct-2009 - Simple, one of the leading skin care brands in the UK, has been put up for sale by private equity group Duke Street Capital with an estimated value of £250m.

Oriflame results hit by currency translation, negating sales gains

23-Oct-2009 - Oriflame sales dropped during its third quarter, with a double digit gain in local currency sales being negated by unfavourable currency translation.

Inter Parfums sales continue to fall

23-Oct-2009 - Inter Parfums announced that its third quarter sales fell by 5 per cent as it continued to be hit by both the strength of the US dollar against the euro and slow retail markets.

Natura reports strong results, but growth slows

22-Oct-2009 - Brazil-based cosmetics giant Natura has reported double digit sales growth, but results show a downward trend.

Kimberly-Clark profits rocket despite sales fall

22-Oct-2009 - Kimberly-Clark's third quarter sales continue to slide, but restructuring and lower commodity prices help net profits rise by 41 per cent.

Developing markets and fragrances drive LVMH results

20-Oct-2009 - LVMH reported better than expected results, with Christian Dior fragrance doing well and robust sales in China making up for weakness in other business areas.

Estee Lauder expects 'significantly' higher quarterly profit

19-Oct-2009 - US prestige cosmetics player Estee Lauder says it expects better sales and ‘significantly’ higher profits for its soon-to-be announced first quarter results.

News in brief

Henkel rating upgraded on cost saving initiatives

16-Oct-2009 - Germany-based personal care provider has had its financial rating upgraded from neutral to buy on the back of an improved outlook.

Profit suffers from weak demand for packaging company Gerresheimer

15-Oct-2009 - Packaging company Gerresheimer’s bottom line has suffered from a drop in revenue of nearly 10 per cent, but the company maintains the worst is over.

J&J sales drop leads to share prices fall

14-Oct-2009 - A drop in domestic sales and negative currency effects pulled Johnson & Johnson’s (J&J) consumer sales down for the third quarter.

Givaudan nine month results outpace market growth

13-Oct-2009 - Despite a slow start to its financial year, Swiss fragrance and flavours group Givaudan says business has picked up in the last six months, pointing to a recovery.

News in brief

Marionnaud announces fewer job cuts

09-Oct-2009 - Marionnaud, the luxury perfumeries and cosmetics retailer, announced on Wednesday that the number of planned redundancies across the company has decreased from 704 to 582.

New orders, new clients: business looking up for contract manufacturers

08-Oct-2009 - As consumers feel the pinch of a global recession they often look to private label goods as a way to save a few pennies. Couple this with the lower overheads and financial outlay offered by contract manufacturers and the sector seems to have a winning formula to survive difficult economic times.

Beiersdorf says it will have to ‘fight hard’ to achieve objectives

08-Oct-2009 - With its main markets in developed countries still struggling under the strain of the economic downturn, Beiersdorf CFO Bernhard Duetmann says the business is not out of the doldrums yet.

Firmenich plans post-recession with partnerships, innovation

08-Oct-2009 - Firmenich’s fine fragrance division suffered the most in a recession struck year in which sales fell 4.3 per cent overall.

Sally Beauty buys professional beauty products distributor

07-Oct-2009 - Sally Beauty, a leading supplier to the professional hair care industry worldwide, has acquired professional beauty supply distributor Schoeneman Beauty.

Strong sales push Helen of Troy to beat 2Q profit expectations

07-Oct-2009 - Helen of Troy says particularly strong sales for its personal care segment, backed up by an even stronger performance from its household goods division, helped boost quarterly profits.

Naturex merger to double 2009 earnings

28-Sep-2009 - Naturex, the French-based botanicals giant that recently acquired the ingredients business of Spanish company, Natraceutical Group, will earn €185m in 2009 – up from its 2008 income of €93.2m, as it announced details of the deal.

Evonik looks to sell specialty chemicals division

28-Sep-2009 - Germany-headquartered industrial giant Evonik has agreed to sell its specialty division Alzchem, if the company’s board and Germany’s cartel office agree.

Unilever-Sara Lee acquisition gets the nod from analysts

28-Sep-2009 - Analysts and market experts have given the thumbs up to Unilever buying the Sara Lee personal care business.

News in brief

L’Oreal to shed Sanoflore factory

25-Sep-2009 - French cosmetics giant L’Oreal will get rid of its Sanoflore manufacturing plant before the end of 2010, according to French newspaper Le Figaro.

Unilever buys up Sara Lee cosmetics division

25-Sep-2009 - Unilever has paid €1.275bn for the global body care division of US-based consumer goods player Sara Lee.

News in brief

Management reshuffle at Arch Chemicals

23-Sep-2009 - Connecticut-headquartered Arch Chemicals will be losing its chief operating officer and executive vice president Louis S. Massimo as he leaves to pursue personal projects.

Beyonce sued over Coty fragrance name

23-Sep-2009 - Actress and singer Beyonce Knowles is being sued by clothing retailer Abercrombie and Fitch over the use of her name to promote a new fragrance.