P&G resumes acquisition trail, buying men’s grooming company
Procter & Gamble has bought the Miami-based business Art of Shaving as part of its plans to expand into the international prestige men’s grooming category.
MWV closes two factories and reduces secondary packaging production
Marking a move away from secondary packaging, MeadWestvaco (MWV) is closing two factories in Virginia and Puerto Rico with the loss of 278 jobs.
Zorbit expands global packaging footprint with new facilities
Beauty packaging company Zorbit has expanded its packaging manufacturing capabilities through a joint venture with New York-based Paul T. Freund Corp.
Assets from failed cosmetics plant put up for sale
The assets from the failed contract manufacturer Budelpack Cosi have been put up for sale in an online auction.
BASF announces 'significant decline' in business
BASF has announced that business ‘declined significantly’ in December forcing the company to reduce production and cut working hours.
Beiersdorf's preliminary results reveal resilience
Beiersdorf’s cosmetics business has held up strongly against the challenging economic tide but its adhesives unit Tesa struggled to retain positive growth figures, according to preliminary financial data for 2008.
Beauty retailer suffers weak sales in holiday period
After a disappointing holiday period, cosmetics and beauty retailer Ulta has reduced its annual guidance figures.
Aerosol specialist acquires German filler Czewo
ColepCCL, which supplies the personal care industry with aerosol based products, has completed the acquisition of Czewo Full Filling Service in order to fulfil the growing demands for outsourcing.
To navigate through the economic gloom, cosmetics companies should turn to Austrian economist Josef Schumpeter who once compared the Great Depression to a ‘good cold shower’.
Cosmetics factory in Wales cuts 200 jobs
Budelpack COSi is shedding over 200 jobs at its Welsh plant as the chilly economic climate forces the company to restructure.
Credit crunch is influencing UK beauty spend
A new survey conducted by the Ponds Institute in the UK has found the British women are tightening their spending patterns, which is in turn affecting their beauty choices.
Analyst tips Avon for success
Avon has been tipped as a company likely to survive and even thrive a recession thanks to its business model and broad geographical spread.
Swallowfield reports high profit growth
Contract manufacturer Swallowfield has reported strong full year results as it implements major growth plans.
Research firm publishes report on health of cosmetics market
The Wall Street Transcript has published a 52-page report on the health of the cosmetics market in uncertain economic times.
Regis ups profits following price increases
Salon hair care specialist Regis says it managed to increase market expectations for its fourth quarter results on the back of increased service prices and same store sales.