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.
Parlux Fragrances has been warned that it will be delisted from the
Nasdaq index because of non-compliance with stock exchange
requirements. The news comes as the company attempts to sell off
some of its fragrance brands.
Global salon operator and hair care provider Regis has reported a
41 per cent increase in net income after the company benefited by a
$50m payment from Alberto-Culver after it pulled out of a proposed
acquisition deal earlier this...
Specialty chemicals and ingredients provider Cognis has revealed
its latest six monthly results, which shows that its care chemicals
division is still by far the biggest division and continuing to
drive further growth.
As part of Beiersdorf's effort to grow the worldwide presence of
its Nivea brand, the company says it will be focusing on the
rapidly expanding Eastern European markets of Romania and Bulgaria
in an effort to raise awareness...
On the back of a significant financial turn around since going
private in 1999, Sweden-based cosmetic direct sales company
Oriflame has bid good-bye to one of its biggest investors after
Industri Kapital 1997 Fund sold the remaining...
Although sales are still growing strongly, Estee Lauder has posted
a 27 per cent drop in its net income after being impacted by
restructuring charges. But the company says that it is terrorism
threats that could pose a significant...
It has been a turbulant week for US fragrance producers, with Inter
Parfums announcing flat quarterly results on the back of forecasts
for falling results at rival Parlux.
In answer to reports in the German press that Berlin Cosmetics is
closing down, the company has quashed the rumours by confirming
that its manufacturing facility will be shifted to Cologne, where
the company is currently headquartered.
Swedish direct sales player Orilfame has announced a significant
increase in its quarterly sales and profits to June 30 on the back
of a 41 per cent rise in local currency sales in the CIS and Baltic
region.
Having confirmed its merger with Alliance Unichem at the end of
July, newly named Boots Alliance says it is eyeing further
expansion of its cosmetic lines in retail outlets throughout the
US.
The investment world showed its disappointment in Avon's recently
announced quarterly results with a flurry of market activity that
saw the company's share price fall by more than five dollars.
Sales of premium fragrances continue to be the main driving force
behind a healthy performance for fragrance and flavours player
Givaudan, as the Swiss company confirms it will be keeping its eye
on opportunities to further consolidate...
Unilever announces second quarter results showing that it has
maintained its steady growth of late, but the questions remains
whether it is enough to remain competitive against major rival
Procter & Gamble.
Johnson & Johnson is said to be in advanced talks to buy up
Beijing-based Dabao Cosmetics - a move that could give the company
a valuable footing in what is currently a huge growth market.
