Avon has been forced to publicly quash rumors that it will be pulling its products from China's shelves after various beauty players experienced a challenging year in the volatile market.
After several years of steep decline for one of the biggest cosmetic players in the world, a positive rating from Citibank has sent stock prices surging amidst renewed hopes of improvements.
Despite the major downward trend of global stock prices, Avon has had some good news as its share prices rose almost 5% upon news that a $62 million lawsuit is about to be settled.
The share price in fragrance and luxury cosmetic player Coty hit a record high in trading on the US Stock Exchange last Friday, as rumors over the expected acquisition of P&G brands continues to mount.
In the wake of the announcement that MeadWestvaco (MWV) is set to merge with RockTenn, several lawsuits have been filed in the past few days questioning the value such a deal would bring to shareholders.
MeadWestvaco (MWV) and RockTenn have taken steps towards creating a combined packaging giant with an equity value of $16 billion having signed a definitive combination agreement.
Walgreens and Alliance Boots say they have moved to the second and final step in the process to form a global strategic partnership that will rename the business Walgreens Boots Alliance.
L’Oreal’s CEO Jean-Paul Agon has confirmed that the company’s financial resources for buying back Nestle’s stake in the company include its share in Sanofi.
L’Oreal's relationship with the world's leading food company may change after 2014 after Nestle's chairman said that they intend to “keep all options on the table.”
Cosmetic ingredients company Croda International’s shares rose to the highest level in three months after they were recommended by German financial services firm Deutsche Bank.
Could it be third time lucky? Rumours are flying around that consumer goods giants Procter & Gamble and Beiersdorf could be ready to strike a deal, having flirted before; despite the rumours being denied, we take a look at why the deal could make...
The global luxury group has filed a countersuit after it says it learned via a French media dispatch that Hermès had filed a lawsuit on the circumstances through which it had acquired shares in the company back in 2010.
Reports that the Pershing Square Capital management company has bought a significant stake in P&G have given a boost to the company’s share price, and also comes at a time when the consumer goods giant is under pressure to improve its performance.
The Bulgari Group has joined forces with the LVMH Group to establish its long term development in the cosmetics and fragrance, as well as the watch and jewellery market segments.
Alberto Culver Company today announced that it has entered into a definitive agreement in which Unilever will acquire all of the outstanding shares of the beauty care firm for $37.50 per share in cash, valuing the company at approximately $3.7 billion.
French cosmetics and perfume retailer Marionnaud has been ordered to compensate 124 of its minority shareholders for falsifying company accounts between 2002-2004.
Bare Escentuals shareholders have demanded investigations into the board of directors following the announcement that Shiseido wants to buy the mineral make-up player.
Revlon’s board of directors is mulling a proposal by investment group MacAndrews & Forbes Holdings to buy-out shares it does not already own in the business.
Procter & Gamble looks well placed to ride the economic storm as a leading financial analyst upgrades the company’s rating on the back of cost cutting measures.
Risdon International has cut production but denies that it is considering bankruptcy and insists that the cosmetics packaging company is on route to financial recovery.
Clarins, one of the last sizeable independent cosmetic companies,
has offered to buy back outstanding shares in an effort to delist
from the Paris Bourse.
The maker of what is claimed to be the first ever anti-ageing cream
to deliver collagen to the skin, Transdermal Cosmetics, is set to
make a big launch on the US market following the company's share
flotation, press reports say.
Parlux says it has received an extension for the continued listing
of its shares on the Nasdaq, which in turn grants it more time to
file its quarterly results ending December 30.
The rocky path taken by Parlux Fragrances in recent months may be
coming to an end, after the company announced that it had sacked
CEO Illia Lekach, replacing him with an interim director.
Parlux stakeholder Glenn Nussdorf is positioning himself to buy-out
the troubled fragrance company, a move that current executive board
members are strongly opposing.
Parlux has reported another disappointing quarter, with profits
falling 20 per cent against a slight slip in sales, as lower
margins and royalty payments bite hard.
Salon hair care specialist Sally Beauty has confirmed that its
Beauty Systems Group will lose its right to distribute L'Oreal
USA's professional beauty care products - a decision that is
expected to significantly impact...
Troubled cosmetic giant Revlon has set the terms for its share
offering, a move that aims to repay mounting debts due to the
failed launch of its Vital Radiance cosmetic line for older women
earlier this year.
Troubled cosmetics giant Revlon says it is about to refinance its
existing credit agreement as a means of strengthening its balance
sheet and increasing its investment levels, a move that will be
backed up by a share holder offering.
As expected troubled cosmetics player Revlon has amended it bank
credit agreement as a means of securing its short-term stability
after the company chose to withdraw its much maligned Vital
Radiance cosmetic line for old women.
In an open letter to members of the Parlux executive board, Glenn
Nussdorf, who has a 10.5 per cent stake in the company, has made
his point clear that he believes the proposed sale of the Perry
Ellis license agreement is 'not...
Parlux Fragrances says it has received a request from a shareholder
for approval to increase ownership in the company, the latest turn
in a series of events that has seen the company's share tumble more
than six-fold in the space...
Shareholders are demonstrating their dislike of the recent action
taken by Parlux Fragrance executive by filing a succession of
lawsuits claiming that company insiders had misled shareholders by
issuing misleading statements.
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.
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.
Cosmetics giant Estée Lauder has been accused of artificially
inflating its share prices in a lawsuit filed by shareholders who
claim they were tricked into investing in the struggling company.
Irish cosmetics and personal care company IWP International has
announced a restructuring that aims to return the company to
profitability after two years in the red.
BASF's hostile takeover bid for leading personal care supplier
Engelhard is looking more likely after it was acknowledged that the
Germany-based chemicals giant has been allowed to look at sections
of Engelhard's accounts.
Nextera Enterprises has acquired niche cosmetics producer Woodridge
Labs for $23.5m in cash, as part of the company's plans to expand
its presence into key areas of the fragmented personal care market.
Consolidation in the flavor industry evident as US flavor house
Technology Flavors & Fragrances announces its merger with
fellow flavor firm FFG Industries.
Coletica has confirmed that Engelhard will acquire a majority stake
in the company, having just announced a strong set of financial
results for 2004, reports Simon Pitman.
The owners of the Gesparal Holding company, the Bettencourt family
and Nestlé, are to become direct shareholders of L'Oréal. The
company, which currently owns 53.8 per cent of L'Oreal's Capital
and 71.7 per cent of...
