Alcan's hostile takeover of French counterpart Pechiney has become
a friendly bid following acceptance of a revised offer for the
company by Pechiney's board. But getting regulatory approval may
Finnish healthcare specialist the Orion Corporation and its funds
manager/adviser, private equity investor CapMan, have agreed upon a
deal for the acquisition of Orion's cosmetics and detergent
business unit Noiro by funds managed/advised...
Direct cosmetic seller Avon Products has benefited from favourable
'currency tailwinds' in the third quarter as well as strong sales
in the US, keeping it well on track to meet, or exceed, its
financial targets. Sales for...
Consumer products group Procter & Gamble has closed a €4.65
billion deal to purchase hair care and beauty company Wella. In
agreement with the tender offer launched at the end of April this
year P&G will purchase the additional...
Valentino will regain control from Unilever Cosmetics International
(UCI) of the brand's line of fragrances. The move is a further step
in Valentino's renegotiation strategy following its acquisition by
the Marzotto Group...
A new report from market analyst Datamonitor reveals the average
Norwegian spends more on haircare products than anyone in Europe.
Consumers in Norway spend €50, almost twice the amount as the UK
consumer at €27.
Sensient Technologies Corporation, US manufacturer of colours,
flavours and fragrances, has reported a steady increase in revenue
of 9.3 per cent for Q2 compared to the same period in 2002, rising
to $261.9 million (€233.6m)
Number one flavour and fragrance house reports a drop in sales for
the second quarter, hit by a slip in European and North American
sales. International Flavors & Fragrances had expected sales to
increase by 5 per cent on 2002,...
French beauty giant L'Oréal sees a drop in consolidated sales for
the first half of 2003 to €7.14bn, reflecting a drop of 3.2 per
cent. But company remains confident that on target for annual
Procter & Gamble Germany has had the green light from US
regulatory body to proceed with its acquisition of Wella. The
company will continue to pursue the necessary regulatory and
governmental approvals in other major markets...