The head of BASF’s care chemicals business said the company refuses to be drawn into a price war to compete in the depressed market for personal care ingredients.
Physicians Formula has received a NASDAQ Staff Deficiency Letter threatening the company with delisting if it does not fulfill requirements for its executive board.
German specialty chemicals firm Cognis has posted a net loss of €33m for the first quarter following a sharp drop in turnover.
Corporate bargain hunters are looking for good buys in cosmetics and healthcare as the economic downturn throws up a range of acquisition opportunities.
L’Oreal reported flat first quarter sales but differences between divisions were marked with luxury and professional product sales being the hardest hit.
Symrise is closing a production facility in Spain as part of restructuring plans which aim to improve the company’s bottom line.
BASF has announced plans to cut about 2,000 jobs by the end of the year after first quarter sales fell sharply.
A panel of beauty experts gathered at in-cosmetics in Munich last week to examine the latest data on the cosmetics industry and diagnose its financial health.
BASF is now one step closer to acquiring Ciba but had to promise to share cosmetics know-how and sell businesses to get the €3.8bn deal accepted.
Citing currency weakness and overexposure in the Central and Eastern European (CEE) market, an analyst has downgraded Avon's outlook for 2009.
Dow Chemical’s acquisition of Rohm and Haas will go ahead after the companies reached an agreement that eases Dow’s debt burden.
Beiersdorf announces strong sales growth and beats earning forecasts, adding that it will remain acquisitive in 2009 if the right opportunities arise.
Sales increases at fragrance and flavour company Symrise were not enough to keep net income from slipping in 2008.
With word out that consumers are increasingly focused on value for money, providing personal care products that fulfill this criteria is now the big challenge facing manufacturers.
BASF expects a drop in sales and an even greater drop in operating income in the coming year.
Risdon International is considering bankruptcy and has temporarily shut down cosmetic packaging operations in the US.
Budelpack Holding has called in the administrators putting the future of one of Europe’s largest contract manufacturers of cosmetics in doubt.
L’Oreal has reported a fall in sales in the last quarter of 2008 bringing years of high growth rates to an abrupt end.
Consumer goods, including cosmetics, may be one of the few sectors in the UK recruiting more graduates this year when vacancies in general are predicted to fall for the first time since 2003.
Relations between retailers and suppliers are growing increasingly tense as the financial crisis takes its toll on both parties.
Economic storms will clear the dead wood from an increasingly crowded active ingredients market, says Lipotec executive.
Unilever is buying the TIGI professional hair product business from the owners of Toni & Guy for $411.5m in cash.
Inter Parfums has left its sales forecast for the year ahead unchanged despite reporting a 16 per cent decline in turnover to $100.6m for the final quarter of 2008.
Bernstein Research has called on Beiersdorf to scrap its 2010 market share and margin targets, or risk damaging the business.
L’Oreal has been trading on past glories and is beginning to pay the price for years of mismanagement, according to a new report from Bernstein Research.
France-based Rhodia has acquired the US McIntyre Group to build on its presence in the personal care and oil surfactant categories as a means of maintaining growth.
Companies already struggling in the current economic climate will soon have to contend with a new phenomenon, ecoflation, according to a study by ATKearney.
Croda has overcome rising raw material costs to report substantial increases in both sales and profits for the third quarter.
A sluggish September has forced L’Oreal to cut its sales and profit forecasts for the financial year.
The global luxury market is facing its first recession in six years, according to a recent report from Bain and Company.
An increased advertising spend and new product launches have helped UK cosmetics player Reckitt Benckiser to weather tough economic conditions.
Sales growth at Symrise was dampened in the third quarter by weakening demand at the luxury end of personal care and in fine fragrances.
Estée Lauder has lowered expectations for the year in the light of ‘extraordinary uncertainty’ in the global economy.
L’Oreal plans to cut 200 jobs at a Welsh factory, blaming unsustainable logistical costs associated with higher overseas sales and a decline in the UK supplier base.
Shiseido has upped its profit forecast for the first half of the year but the company warned that business conditions will be tougher in future quarters.
A number of new launches from the Van Cleef & Arpels and Lanvin brands have helped drive third quarter sales for Inter Parfums.
Takasago International Corporation has announced the acquisition of New Jersey-based Wessel Fragrances, in an attempt to increase its global footprint.
Supported by a burgeoning sales force, Oriflame reported rapid growth in both turnover and profit in the third quarter.
Avon has informed federal authorities of an internal investigation into alleged irregularities surrounding expenses in China.