Independent cosmetic giant Clarins has been given the go ahead by French authorities to proceed with the proposed buy back scheme that should lead to a stock market delisting.
International Flavors and Fragrances reports an increase in turnover and reiterates predictions for future growth, although fragrance sales continue to disappoint.
LVMH Moët Hennessey Louis Vuitton has recorded a strong first half of the year suggesting the luxury industry still holds promise despite the struggling economy.
Strong growth in international markets has helped offset a significant rise in production costs for the world's leading oral care player, Colgate Palmolive.
Croda profits rocket by over 60 per cent as the company successfully curbs cost inflations and sees healthy growth in its sales for the first half of the year.
Symrise has reported good sales growth in local currencies the first half of 2008 driven by flavours and emerging markets, although fragrance growth was hit by the drop-off in consumer spending on luxury goods.
Investment advisory group Deminor has written to the French financial authorities to complain about the validity of Clarins proposed share buy back scheme.
Burberry fragrance sales have once again boosted results for Inter Parfums and the US-based fragrance player has reported a twenty percent increase in second quarter sales.
Taking a minority stake in Forest Essentials will provide Estee Lauder with improved access to a small but fast-growing market brimming with opportunity, says a Kline analyst.
Farmec Cluj, one of Romania's biggest cosmetic producers has reported a 36 per cent profit increase in the first half of the year on new skin and body care products.
Sliding share prices on the stock exchange and financial downgrades point to tougher times for the personal care industry as high commodity prices hit hard, experts say.
Johnson and Johnson (J&J) has reported strong second quarter
results although price increases within its consumer goods division
will be implemented throughout the year.
CSM has announced plans to sell its Purac gluconates production
plant in The Netherlands to Avebe, as part of a broader
restructuring of manufacturing and focus on core competencies.
The deposed CEO of French fragrance and cosmetics retailer
Marionnaud has been imprisoned for 18 months after being found
guilty of falsifying company accounts.
Procter & Gamble has become the first major personal care
producer to announce significant across the board price increases
in the face of mounting costs.
Poland cosmetics player Eveline Cosmetics has signed a distribution
deal to with ProConcepts Marketing to expand into the US,
Canadian and Mexican markets.
Clarins says that after its proposed delisting is complete it
intends to go ahead with plans to refocus its portfolio, despite a
negative stock market reaction.
YSL has sealed the deal with L'Oreal to become a part of its luxury
products division in a move that extends the cosmetics giant's
presence in the premium segment.
Clarins, one of the last sizeable independent cosmetic companies,
has offered to buy back outstanding shares in an effort to delist
from the Paris Bourse.
A European investment firm has invested in active ingredients
company Groupe Unipex which the firm hopes will allow it to
double in size in the next five years.
Genevieve Berger has been appointed chief research and development
officer, a newly created position aimed at consolidating the
company's focus on scientific discovery.
Estee Lauder Cosmetics has filed a lawsuit against fragrance maker
Preferred Fragrance for alleged trademark infringements of its
Clinique brand perfume products.
Unilever has announced that it is selling its edible oils business
and palm oil plantation interests in the Ivory Coast, and will
instead invest in a soap business in the country.
L'Oreal, the world's largest cosmetics group, has received approval
from the European Commission for its €1.15bn acquisition of Yves
Saint Laurent Beauté.
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