Debt

Ratings agency warns on Avon Products’ debt levels

16-Nov-2015 By Simon Pitman

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.

Unilever investment leads to upgraded credit rating for Kalina

20-Jan-2012

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.

Refinancing concept concluded for Symrise

09-Dec-2010 By Andrew McDougall

Fragrance and flavour provider Symrise has successfully concluded its refinancing plan by obtaining a revolving credit facility with a volume of €300 million.

Plastic companies hit by credit insurance woes - survey

22-Jul-2009 By Rory Harrington

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).

SGD Group calls in the bankers to renegotiate debt

07-Apr-2009

Creditors of SDG Group, French glassmakers for the beauty and pharmaceutical industries, are in talks to hire debt advisors in order to renegotiate terms for the loans taken out to buy the company two years ago.

Russian cosmetics retailer could face bankruptcy

26-Aug-2008 By Katie Bird

Russian cosmetics chain Arbat Prestige could face bankruptcy as a number of creditors are calling in debts, according to press reports.

Credit crunch ensnares beauty firm Ascendia

06-Aug-2008 By Guy Montague-Jones

US-based Ascendia has fallen victim of the credit crunch and retail slowdown forcing the beauty and health firm to file for bankruptcy protection.

Gillette's strong outlook backed up by financial market

16-Dec-2004

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 drops talks with Kao

17-Feb-2004

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 to reduce debts

13-Feb-2004

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.