Oriflame is going strong in the direct sales market after the
company reported a massive 20 per cent boost in sales for 2006 on
the back of strong skin care and colour cosmetics sales, despite
disappointing net profits.
Upmarket beauty player Clarins has received a €500,000 fine from
the French Conseil de la Concurrence (Competition Council) after
being found guilty of price-fixing between 1997 and 2007.
Particularly strong personal care sales in key European markets
help Anglo-Dutch consumer giant Unilever to end 2006 on a higher
note, but results are still below expectations as the general
market in Europe remains tough.
Avon's turn around is starting to happen, after the company
reported a 9 per cent boost in sales for the fourth quarter on the
back of strong fragrance and color sales.
UK beauty cosmetics manufacturer Pout has announced this week that
it has completed a recapitalization that will enable the company to
grow further in the cosmetics field witht help of the investment.
The continuing obsession amongst female consumers for
celebrity-endorsed beauty products is undoubtedly partly driving
the current growth in the colour cosmetics industry in Ireland and
Northern Ireland, according to a new study.
Not only has the acquisition of Gillette helped global giant
Procter & Gamble to boost its sales, subsequent synergies and
consolidation have helped the company achieve strong profit growth.
A new European Commission regulation that intends to reduce airport
traffic could threaten sales of premium cosmetics and fragrances in
airport lounges - but could make way for an upsurge of mass-market
products and more in-flight...
L'Oreal has met its targets for 2006 after reporting a strong
fourth quarter results, driven by renewed vigour in the Western
European markets and a continued strong performance in new markets
such as Russia and China.
Alberto-Culver has reported a big dip in profits for its first
quarter as restructuring costs and increased advertising
expenditure hit the bottom line - but a strong rise in sales and an
underlying increase in continuing operations...
Procter & Gamble has increased its footprint in the niche skin
care categories with the purchase of portfolio company HDS
Cosmetics Lab from North Castle Partners - a move that hones in on
growing demands for anti-aging, acne...
Coty has sold off its specialty bath brands, the healing gardern
and Calgon to New Jersey-based Ascendia Brands, in a move that will
almost double the company's annual turnover and strengthen its lead
in the bath category as...
The City of Hamburg has announced this week that it will sell its
stake in leading cosmetics manufacturer, Beiersdorf. However, the
shares will remain within Germany to counteract job losses and
ensure it remains a Hamburg based company.
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...
New Jersey-based ingredients manufacturer International Speciality
Products has acquired skin research and biofunctional active
ingredient developer Vincience.
Despite recent first quarter sales showing a strong increase a
leading analyst's comments that Elizabeth Arden fragrances have
been losing luster with consumers causes share prices to fall.
Cosmetics giant L'Oreal has added three new members to its
executive committee, in a move aimed at emphasizing its focus on
the group's active cosmetics division, together with the increasing
importance of the Asian and...
The rapid evolution of the natural and organics cosmetic market in
Europe and the US is leading to increasing opportunities for
Western companies in the Asian market.
This year L'Oreal, the world's largest cosmetic player, increased
its footprint in the naturals and organic market with the purchase
of The Body Shop and Sanoflore - acquisitions that are likely to
lead to further activity...
Swiss flavours and fragrance manufacturers, Givaudan, has bought
Quest International, a move that consildates Givaudan stance as
market leaders within the fragrance industry.
Germany-based cosmetics and home care producer Henkel has announced
strong results, driven higher by a particularly good performance
from its cosmetics division.
Fragrance and cosmetics maker Inter Parfums has reported record
third quarter 2006 results, as net sales rose 19 per cent, with
established fragrance brand Lanvin being singled out for a
particularly strong performance.
Cosmetic and fragrance giant Elizabeth Arden posted a quarterly
loss on Friday, as it was hit by restructuring costs, but with
marketing spend lower than expected and sales still strong, the
underlying results appear to be solid.
Body Shop founder Anita Roddick says that the sale of the business
to L'Oreal was the right thing to do, stressing that the French
cosmetic giant is an 'honourable' company to do business with.
Unilever has reported a 45 per cent drop in profits despite
universal sales growth and a particularly strong performance in its
personal care business.
Proctor & Gamble has reported a 27 per cent increase in its
sales and a 33 per cent increase in net earnings as the company
continues to power away on the strength of last year's merger with
Gillette and a continued improvement...
Despite sales rising significantly, profits at Avon have been hit
by a rising ad spend, restructuring costs and charges relating to a
tax dispute in the company's UK arm.
The world's leading cosmetic player has further expanded its
position in the naturals market with the acquisition of French
Laboratoire Sanoflore, one of the founding companies specialising
in the manufacturing of certified organic...
Glenn Nussdorf, who has a 10.5 per cent stake in troubled fragrance
player Parlux, has made an SEC filing stating his intentions to
acquire a controlling stake in the company as a business
combination transaction to prevent it from...
A continued and growing recognition of the LVMH Moët Hennessy Louis
Vuitton brands has helped the group to put in another strong
quarter, with sales of its major French cosmetic and fragrance
brands also making a mark.
L'Oreal has reported continued strong growth for its second
quarter, ending in September - but the US market proves tougher as
retail conditions and distribution problems continue to make it a
challenging market in which to remain...
The world's largest consumer goods company, Procter and Gamble
(P&G), told shareholders at its annual meeting this week that
it is now focused on delivering a full decade of industry-leading
top and bottom line growth, having...
New Jersey-based IGI, a developer of technologies for skin care
applications, is making clear moves in preparation for a takeover,
after the company's financial representatives stated that some of
its past clients may be interested...
Russian fragrance and cosmetics giant Kalina has reported a 36.28
per cent hike in its sales, whereas net profits increased by 2 per
cent during the six months ending June 30, reflecting increased
production costs and loan repayments.
New York based firm, Besame Cosmetics, is taking the niche cosmetic
market by storm, with its annual revenue tripling in recent months
thanks to strong internet sales and expansion into the European
market.
French cosmetic giant L'Oreal has announced that it intends to
extend the Body Shop brand into international markets. The move
follows the £652m take-over of the UK based Body Shop by L'Oreal
back in March 2006.
Japanese beauty manufacturer Shiseido is expanding its research and
development centres, opening up facilities in Europe and Asia in an
effort to better appreciate the needs of its customers there and
expand beyond the US and domestic...
Brazilian natural cosmetics producer Natura says it wants to expand
on the success in its domestic Brazil market by expanding into
leading international markets such as the US, UK and Russia.
With Avon in the midst of a major restructuring CEO Andrea Jung
says that savings are going to be poured back into the company's
future, with research and development, the internet and advertising
targeted for major investment.
With a number of companies said to be interested in buying up the
company, an executive of Finland-based Lumene Cosmetics says that a
stock market listing could be a strong possibility, as the company
continues to see strong growth...
Having received the first license for a foreign-owned company to
resume direct sales of cosmetic products in China, Avon added more
than 33,000 new sales staff to its workforce there last month,
according to data from the Chinese...
As expected, troubled fragrance player Parlux says that it will use
the intermediary services of GLMAC to off-load a number of its
non-core product lines, after the company confirmed that sales for
the latest quarter were below expectations.
Global cosmetics giant Beiersdorf has announced the next step in
its restructuring plan with plans to sell off the production and
logistics facilities for its France-based affiliate.
French luxury consumer group LVMH has reported double growth in its
overall sales for the first six months of the year, backed up by an
impressive 80 per cent leap in profits for its perfumes and
cosmetics division.
Having revealed mixed first half results, Swiss specialty chemicals
player Ciba has announced an investment programme that promises
increased expenditure on technologies to develop chemicals that
will focus on nanotechnology, alongside...
Proof that P&G is on the right track following its merger with
Gillette came during the course of August, after the company posted
strong fourth quarter results that have led to a share price hike
of more than 8 per cent.
The world's largest cosmetic company just goes from strength to
strength, having announced an 8.7 per cent hike in sales and a 21.8
per cent jump in net profits thanks to strong premium cosmetic
sales and continued growth in...
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.