Job cuts and production consolidation for the number four flavours
group Symrise as the equity fund-owned firm says nearly 600 jobs
will go by the end of 2006.
Natural cosmetics maker Oriflame has reported a steady increase in
sales for the first nine months of the financial years, although
the most recent quarter bucked that trend, reflecting increased
costs and currency movements in international...
US-based multinational Revlon has announced a decline in sales of 7
per cent for its third quarter. As well as trying to trying to
refinance its growing debts, the company is also struggling to hold
on to its costumers.
An investment arm of the Canada-based Onex Corporation, Onex
Partners LP, has announced it has acquired the parent company of
Cosmetics Essence (CEI) - the largest contract manufacturer of
alcohol-based fragrance products in the United...
Ahead of Beiersdorf's third quarterly financial results, analysts
are warning that the Germany-based manufactuer of personal care
products is heading for a weak performance, citing a slow domestic
market as one of the leading...
Estee Lauder has reported a strong first quarter, with profits
rising 23 per cent to $95 million. And like the rash of other
cosmetics companies posting good results in the last week, it is
the international markets outside of the...
Elizabeth Arden joins the swell of cosmetics companies delivering
strong first quarterly results, attributing the improvement to its
brand association with Britney Spears fragrance.
Despite Wella reporting a 7.2 per cent increase in sales for its
core cosmetics and fragrance business in the first six months of
the year, the company has reported a drop in group profits bought
on by restructuring costs - a factor...
Avon has reported strong sales growth and profits for its third
quarter financial results, but despite this weakened sales for the
US market is making some investors nervous. Simon Pitman
reports.
Russia is a bread country - it has been a staple part of the diet
there for centuries, and to many people it is as much a part of the
Russian way of life as tea or vodka. But even a product with such
an impressive heritage needs to...
Despite announcing rising profits yesterday, both Unilever and
Proctor & Gamble saw their stock prices slip, reflecting
growing concerns over excessive competition in the FMCG sector.
Simon Pitman reports.
L'Oreal, the world's biggest cosmetics group, said this week that
sales had increased 3.7 per cent rise in the first nine months,
largely thanks to its hair salon and luxury retail products, and
that it was on track to achieve...
Colors and flavors group Sensient Technologies this week reported
an increase in earnings for the third quarter of 2004, a welcome
result after a drop in profit in the first six months of this year.
Burberry, the UK fashion house, announced last week a 14 per cent
rise in underlying first-half sales, bolstered by strong retail
expansion and the launch of its Burberry Brit men's fragrance.
Food and cosmetic companies in France have received letter threats
from an unidentified group warning that if they refuse to each pay
€1 million, their products will be poisoned, reports the French
media.
One of the world's largest beauty companies, Procter and Gamble
(P&G), has announced a licensing agreement which allow it to
add IMAN and I-MAN skincare products to its extensive cosmetics
portfolio - as well as giving it...
Italian fashion brand Miss Sixty announced last week that it is to
launch a new line of fragrance, marking its first foray into the
sector - and signaling the continuing allure of the cosmetics
market to designer clothes labels. Tom...
Sales of care chemicals were up 3 per cent in the first half of
this year at German company Cognis, which said the increase to €577
million was driven largely by the skin care and fatty alcohol
businesses.
Sales at the world's biggest supplier of flavours and fragrances,
Swiss company Givaudan, have been hit by the discontinued sales of
fragrance ingredients and adverse conditions for flavours but the
company said its current fragrance...
According to a new report, the major forces in the cosmetics
industry - that include L'Oreal, Proctor and Gamble (P&G) and
Unilever - are turning away from sluggish US domestic markets, and
focusing their attention on the...
Leading Russian cosmetics players Koncern Kalina has reported a 34
per cent increase in its profits for the first half of 2004. The
growth came about from a significant increase in sales, reflecting
a shift towards higher margin products...
The Alberto-Culver Company announced earlier this week that fourth
quarter and fiscal year 2004 sales and profits results were in line
with expectation, placing the company in a good position to exceed
analysts estimates, despite...
Fierce competition in the consumer goods sector has driven Unilver,
maker of some of the world's leading cosmetics and toiletry brands,
to cut back its earnings outlook for 2004 with a view to changing
it five-year sales targets.
Despite tough competition in developing countries having anegative
effect on Procter & Gamble's financial result, the company
confirmed its financial expectations for the third quarter.
Cosmetics giant Avon says that it is expecting strong profit and
sales growth to continue in to its third and fourth quarters. The
company said that despite flat sales in the US market, strong sales
in Central and Eastern Europe together...
World leading cosmetics companies have rediscovered "the rest of
the world" - everywhere outside Western Europe, North America
and Japan - as one of the strongest forces driving sales growth.
With increasing incomes, the...
Proctor & Gamble and Vidal Sassoon have announced that a
lawsuit claiming P&G had deliberated sabotaged Vidal Sassoon
hair care products in favour of other brands in the North American
and European markets has been settled...
Sometimes not following market trends and competitors, but sticking
to your own business and marketing strategy may be the best way to
succeed. One of the best examples of this is Avon, the sixth
largest global beauty company, which...
Outsourcing may have helped Fytokem Products, a Canadian producer
of plant-based ingredients, increase its sales from last quarter,
but they were still well down on the same period last year.
The French subsidiary of Johnson & Johnson will acquire
Biapharm, a producer and marketer of skin care products centered on
the leading brand Biafine, at the end of September.
Procter & Gamble believes the beauty care business is a faster
growing, higher-margin and more asset effective business than food
and household products. Shifting its business to beauty care over
the last several years has boosted...
Airspray, the world's leading designer, manufacturer and marketer
of innovative dispensers for the cosmetics and personal care
sectors reported a significant slowdown in sales and profit growth
in the first half of 2004 due to...
Sephora, the French concept of selling beauty products from
elaborate retail outlets, is to set up shop in Toronto before the
end of the year. This move completes its effort to conquer the
North American market begun in 1998.
Looking for higher growth and lower risks, the world's leading
cosmetics companies are diversifying their distribution channels,
in particular focusing on mass retail outlets which they had
previously spurned. Estée Lauder is...
Europeans may be living longer, but they do not want to look older,
and are willing to pay any price to attain this goal, as
Beiersdorf's results show.
Aggressive expansion of its direct sales network into various
emerging markets has put Swedish cosmetic group Oriflame on route
for its sixth consecutive year of sales growth, writes Sibonelo
Radebe.
Danish company Dansk Droge has expanded its share of the skincare
market with its acquisition last week of the Poland-based
supplement distributor Amis Medica.
Perhaps the world already smells good enough, writes Jordan
Mateev, as Givaudan, the world's biggest maker of fragrances
and flavours reported another period of declining fragrance sales.
The Swiss company, whose mission is to...
Sales of leading brands to mass retailers and the use of big stars
such as Elizabeth Taylor, Catherine Zeta-Jones and Britney Spears
in its advertising campaigns helped boost Elizabeth Arden's sales,
though operating loss was...
Essel Propack, an important manufacturer of laminated tubes used in
the cosmetics, personal care and toiletries sector, has acquired
the UK-based Arista Tubes, which manufactures plastic seamless
tubes.
Halle Berry, Julianne Moore, Eva Mendes and Jaime King, all four
super models feature in a marketing campaign by US based cosmetic
group Revlon seeking to regain its balance in the mass cosmetic
market. However, the 2004 first half...
Procter & Gamble announced robust sales and profit growth for
the second quarter, exceeding its long-term targets. The strong
results were primarily driven by P&G's good performance in
beauty care and growth in developing...
Avon Products, the sixth largest global beauty company, reported
excellent sales growth in the second quarter, boosted by the
surprisingly fast-growing emerging markets. Focusing on China and
Russia, the company says it will reinvest...
Anglo-Dutch consumer goods group Unilever faced tough competition
for its personal care products in the first half, operating mainly
in weak markets with declining prices. Cutting costs helped improve
operating profits at the division,...
Mainland Chinese consumers are increasingly joining the health and
beauty craze which is gripping the west and as such have helped US
personal care group Nu Skin Enterprises to a 400 per cent increase
in revenues there during the...
UK chemicals group Croda has seen strong demand for its marine and
nutritional oils as well as products for the personal care sector,
driving sales to the personal and healthcare sectors up 14 per cent
at constant currency rates in...
Domestic and brand name fragrance firm Inter Parfums reported a
hefty rise in net sales for the first quarter, pushing the company
to raise its 2004 sales guidance.
US-headquartered FCMG group Procter & Gamble is merging its
fragrance and salon hair care products activities with those of
recently acquired German subsidiary Wella.
