Stock

Is a turnaround finally in sight for troubled Avon?

Is a turnaround finally in sight for troubled Avon?

By Simon Pitman

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.

MWV merger with RockTenn challenged by lawsuits

MWV merger with RockTenn challenged by lawsuits

By Simon Pitman

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.

Walgreens and Alliance Boots move closer to merger

Walgreens and Alliance Boots move closer to merger

By Simon Pitman

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.

P&G and Beiersdorf – A potential match made in heaven?

P&G and Beiersdorf – A potential match made in heaven?

By Andrew MCDOUGALL

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...

LVMH countersues Hermès for blackmail

LVMH countersues Hermès for blackmail

By Michelle Yeomans

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.

Unilever to acquire Alberto Culver

Unilever to acquire Alberto Culver

By Andrew McDougall

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.

Revlon secures credit life line

Revlon secures credit life line

By Simon Pitman

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.

A new twist in the Parlux tale

A new twist in the Parlux tale

By Simon Pitman

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...