Years of poor performance have taken a big toll on Avon Products' balance sheet, with credit ratings agency Fitch Solutions now warning that the cost of protecting the business from defaulting on debt payments is at a record high.
Standard and Poor’s has announced that it has raised its Russia national scale credit rating on cosmetics producer and distributor Concern Kalina to 'ruAA+' from 'ruA+' following the support shown by Unilever.
Fragrance and flavour provider Symrise has successfully concluded its refinancing plan by obtaining a revolving credit facility with a volume of €300 million.
Almost 80 per cent of UK plastic companies are struggling to get credit insurance as any green shoots of recovery fail to appear, according to a survey by the British Plastics Federation (BPF).
Gillette has received the thumbs up from market analysts, with its
strong financial performance leading to the company's credit rating
being upgraded by Moody's Investors Services to 'positive'.
Kanebo, the second-largest cosmetics maker in Japan after
industry-leader Shiseido, has decided to abandon plans to sell its
core cosmetic unit to Kao. Instead the company is to ask the
Japenese government to help slash its debt in...
Revlon has announced it is to eradicate $780 million of debt by the
end of 2004's first quarter. The troubled US company - reporting a
net loss of $153.8 million for 2003 - has signed an agreement to
reduce debt by 50 per cent.
