Breaking News on Cosmetics Formulation & Packaging - Europe US edition

ISP describes how business reorganization will affect R&D

20-May-2009 - ISP recently announced a reorganization of its business with the aim of making its research and development operations more efficient. CosmeticsDesign.com spoke to marketing director Joël Mantelin to discuss how the changes will affect the speed to market of ISP’s products.

Coty closes two plants, formerly owned by Del Laboratories

19-May-2009 - Coty is closing two manufacturing plants in North Carolina to protect its profits against the financial fallout from the recession.

Dealmakers search for acquisition bargains in cosmetics and pharma

18-May-2009 - Corporate bargain hunters are looking for good buys in cosmetics and healthcare as the economic downturn throws up a range of acquisition opportunities.

Top three stories this month

Destocking: It's the perfect excuse for poor performance

11-May-2009 - Cosmetics companies looking for something to blame for poor financial results are turning to the ever so convenient excuse of destocking.

Symrise restructures as first quarter profits suffer

07-May-2009 - Symrise is closing a production facility in Spain as part of restructuring plans which aim to improve the company’s bottom line.

L'Oreal reports limp sales as luxury takes a tumble

07-May-2009 - L’Oreal reported flat first quarter sales but differences between divisions were marked with luxury and professional product sales being the hardest hit.

Avon sales suffer from a slump in US sales and a stronger dollar

05-May-2009 - Weak domestic sales and a stronger US dollar have dragged down Avon’s first quarter results.

Beiersdorf blames retail destocking for poor Q1

05-May-2009 - Beiersdorf first quarter results were hit by poor sales in its Western European and US markets, which the company blamed on retailer de-stocking.

BASF reports sales slump and cuts 2,000 jobs

05-May-2009 - BASF has announced plans to cut about 2,000 jobs by the end of the year after first quarter sales fell sharply.

News in brief

Bare Escentuals reports big fall in sales

04-May-2009 - Mineral cosmetics maker Bare Escentuals reported an 11 per cent dip in first quarter sales and a 35 percent fall in net profits – but results were better than expected.

Dow reveals bearing of Rohm and Haas acquisition on personal care

29-Apr-2009 - Dow’s acquisition of Rohm and Haas has been a financial drama involving legal bickering and funding uncertainty. Now that the deal is done, CosmeticsDesign.com spoke to the head of personal care at Dow to find out how the acquisition will affect the company's cosmetics business.

In-cosmetics panel gets under the skin of the recession

28-Apr-2009 - A panel of beauty experts gathered at in-cosmetics in Munich last week to examine the latest data on the cosmetics industry and diagnose its financial health.

LVMH perfume and cosmetics sales take a dive

28-Apr-2009 - LVMH group reported flat reported sales for its first quarter, despite the performance of its perfumes and fragrance division taking a considerable hit.

News in brief

Sabinsa signs distribution agreement in Germany

28-Apr-2009 - The European arm of India-headquartered company Sabinsa has signed a distribution agreement with German company Kraemer & Martin.

Revlon mulls investor buy-out proposal

21-Apr-2009 - Revlon’s board of directors is mulling a proposal by investment group MacAndrews & Forbes Holdings to buy-out shares it does not already own in the business.

GSK pays €2.78bn for skincare maker Stiefel

21-Apr-2009 - GlaxoSmithKline has paid $3.6bn (€2.78bn) for US-based dermatology specialist Stiefel, the largest independent company of its kind.

Cost cutting sees P&G upgraded by analyst

20-Apr-2009 - Procter & Gamble looks well placed to ride the economic storm as a leading financial analyst upgrades the company’s rating on the back of cost cutting measures.

Aptar sales drop due to low demand in fragrance and cosmetics

16-Apr-2009 - A drop in demand from fragrance and cosmetics companies has led to falls in first quarter sales and income for Aptar Group.

BASF closes Ciba deal and starts integration process

16-Apr-2009 - BASF has completed the acquisition of Ciba after receiving conditional approval from both the European and US competition authorities.

Beauty sales up in UK but hard times likely to continue

16-Apr-2009 - This month’s cosmetic sales in the UK may be up on last year’s figures for the first time since last June, but for the British Retail Consortium (BRC) the worst is not over yet.

J&J sales fall but forecast remains unchanged

15-Apr-2009 - Johnson & Johnson (J&J) has announced a sharp fall in first quarter sales for both its consumer and pharmaceutical businesses.

PZ Cussons enters bidding for Sara Lee

14-Apr-2009 - PZ Cussons is reportedly among the bidders battling it out to buy the household and body care business at Sara Lee.

Nestle and Bettencourt announce continuation of L'Oreal relationship

10-Apr-2009 - Nestle and the Bettencourt family have announced that Nestle will maintain its stake in L’Oreal after 29 April.

Economic distress in chemicals spells acquisition opportunity

09-Apr-2009 - Hidden gems lurk under the surface of chemicals for those prepared to ferret them out, according to Kline & Company.