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.
A jump of 27 per cent in sales of its skin care care products
helped to boost quarterly profits at Playtex Products, encouraging
the company to reiterate its full-year forecasts.
BASF announced that it is re-naming the recently acquired Engelhard
business in an effort to integrate it into its operations, on the
back of a strong financial performance that beats forecasts.
Just one week after financial analysts reinforced a top credit
rating for leading Japanese cosmetic company Shiseido, the company
has posted a drop in profits as the domestic market wanes.
Tupperware Brands, the US-based retailer of kitchenware, cosmetic
and beauty products, has announced a disappointing second quarter
in Europe and the US, further exacerbated by falling cosmetic and
beauty sales.
The UK has overtaken Germany to become the largest market in Europe
for internet sales - a market that has already proved to be rich
pickings for personal care producers. But research suggests the
French market is set for even bigger...
Colgate-Palmolive has announced broad top-line growth for its
second quarter on the back of strong sales, adding that hefty
restructuring charges hit profits.
As part of on-going restructuring to its supply chain and general
operations Beiersdorf is putting its Hirtler soap manufacturing
facility up for sale.
Avon Products China says it has now employed 114,000 sales staff in
China and is in the process of hiring a further 31,000 recruits
just four months after it was awarded its first direct sales
license in the country.
German biotech cosmetics player Mercatura says it has acquired the
Munich-based businesses Ulrich Krause Kosmetics and the Sternmark
Cosmetics as part of plans to expand its fragrance business.
As Parlux Fragrances CEO Ilia Lekach withdraw his share buyout
offer on the back of pressure from shareholders, investor
confidence in the company is sending share prices into a dramatic
fall, which is likely to spell take-over bids.
Tapping into significant market growth, US cosmetic and fragrance
giant Estee Lauder says it is to establish an affiliate company in
Istanbul, Turkey, with more than 300 employees and talk of further
growth to come.
Cosmetics giant Revlon has confirmed that its preliminary Q2
results have been hit by weaker than expected sales of its news
Vital Radiance cosmetic range for older women.
Despite slow general economic conditions in Italy, the country's
Cosmetics Companies Association, Unipro has reported that sales of
cosmetics and toiletries are set to grow by 2.6 per cent this year
to reach €8.1bn.
Following shareholder complaints over a proposed company share
buy-out, Parlux has said that it will delay filing its end-of-year
financial report because it needs more time to access its internal
control policies.
Significant increases in perfume sales combined with increased
general penetration into rural areas has helped to take the Avon
Cosmetics Romania's turnover above the €100m mark, in turn boosting
profits by 50 per cent.
New Jersey-based Johnson & Johnson has bought the Pfizer
healthcare division for $16.6bn in a deal that wins the company the
much sort after Listerine oral care brand.
The US hair care provider is making efforts to branch out its
business portfolio with the acquisition of the UK salon hair care
provider Salon Success.
Advitech has secured two-part interim financing totalling C$350,000
to assist in ongoing commercialisation of its psoriasis product
from sweet whey, Dermylex. The boon for the Canadian company
coincides with the finalisation of its...
Parlux Fragrances CEO Ilia Lekach has made an unsolicited offer to
buy back the company shares at $29 in a bid to take the company
private and fend of the threat of short-term investors.
Ciba Speciality Chemicals has formed a joint venture with
India-based Virchow Drugs in an effort to expand its share of the
growing cosmetics market in Asia and further improve its position
in the region.
Germany-based global chemicals giant BASF has finally completed the
acquisition of US specialty chemicals and personal care ingredients
player Engelhard following months spent battling against hostile
bidding.
The proposed £7bn (€10.2bn) merger of Boots with Alliance UniChem
merger took another step towards completion with announcements for
the dates for both companies Extraordinary General Meetings (EGM)
to vote on the resolutions to create...
France-based PPR's have announced the start of a long-term
licensing agreement with P&G Beauty to produce, sell and
distribute Fine Fragrance products under the Gucci brand.
The European Commission has given its blessing to L'Oreal's
takeover of UK-based The Body Shop, as the French cosmetics giant
announces that the offer is now unconditional as to acceptances.
Multinational suppliers for the cosmetics and toiletries industries
are facing increasing competition from China, while Japan continues
to offer innovation, says a new report from Kline and Company.
Nextera Enterprises has acquired the rights to the Ellin LaVar
Textures hair care product line and brand name from LaVar Holdings,
allowing it to tap into a fast developing niche product category.
As part of its massive worldwide restructuring program, Avon has
announced that a further 900 jobs are to go, in addition to the
1,300 jobs it axed at the end of April.
Having increased its offer to buy out leading personal care
supplier Engelhard, Germany-based BASF is looking more and more
likely to be successful in its hostile takeover bid.
Having confirmed strong sales growth for the first three months of
the year, German cosmetics giant Beiersdorf says it is expecting to
build on growth during the course of 2006.
British cosmetic and healthcare retailer Boots says that it has had
a positive feedback to retail tests carried out on a range of its
own brand beauty and cosmetics products in the US.
Swiss biotech company Lonza has announced the latest move to expand
its ingredients portfolio, with the acquisition of the larch
arabinogalactan assets of US firm Larex.
Dr Scheller Cosmetics says it has managed to continute its improved
financial performance by maintaining sales growth and increasing
its gross profit for its first quarter ending in March.
Germany-based fragrance and ingredients player Symrise has
completed a restructuring programme across its entire organisation
that will see the company divided into two clear division
consisting of a supply chain and operations businesses.
Boots plan to go ahead with a £7bn (€10.2bn) merger with Alliance
UniChem look set to go ahead after a last-ditch attempt by European
pharmacy retailer Celesio to block the deal has failed.
Procter & Gamble has reported a 37 per cent jump in its
profits, but share prices fell after the company revealed that its
sales had failed to meet with expectations on the back of inventory
cut-backs by Wal-Mart and slower than...
Two of the leading cosmetic players in the US have simultaneously
posted a big drop in their profits as they are hit by costs
associated with restructuring plans that aim to shape up the
businesses.
