Food giant Kraft Heinz has pulled out of the bidding process for Anglo-Dutch consumer player Unilever after its $143 billion (€134 billion) bid was turned down at the end of last week.
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.
Avon stock prices soared by as much as 17% yesterday as rumors circulated that Oprah Winfrey wanted to invest in the cosmetics giant – a story that has proved to be a hoax.
Procter & Gamble CEO A.G. Lafley has conceded that it has been a tough year for the company as he fielded some difficult questions from investors at the company’s annual shareholder meeting.
Avon continues to fight against seemingly never-ending challenges that have battered the company’s stock market performance. Just in the month of September share prices plummeted more than 37%, leading experts to question the possibility of outside investment.
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.
The US Stock Exchange Commission has confirmed that it is to sue the Bulgarian trader who filed fake documents purporting to a takeover bid for Avon Products.
The big news last week was a fictional private equity company that filed an SEC document claiming it was about to buy up struggling Avon Products. But what few people expected was positive repercussions.
Unilever Overseas Holdings B.V. has announced its intention to make an offer to increase its equity stake in Unilever Nigeria PLC as it looks to grow its business in the country and continue its long term commitment in African markets.
Troubled fragrance and luxury cosmetics player Elizabeth Arden is contemplating a tender offer from the affiliates of private equity investor Rhône Capital.
L’Oréal will buy back 48.5 million of its shares from Nestlé for €6.5 billion in a move which lowers the food group’s stake in the company; although the Swiss firm says it is staying in the agreement for the long haul.
Estée Lauder Companies’ share price took a nose dive following the release of Q2 results showing a drop in earnings, but the verdict of financial analysts is mixed.
Direct sales giant Nu Skin has come under attack after a newspaper in China, one of its biggest market, accused the company of operating an illegal pyramid scheme to sell its products.
Unilever has triggered some concerns in the personal care market over a lower profit warning ahead of its third quarter results, due out later this month.
LVMH says it will not appeal a €8m fine it received from French stock market watchdog (Autorité des marchés financiers - AMF), back in July for not declaring its stake holding in Hermès.
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 Board of cosmetics firm Oriflame has exercised its authorizations to repurchase up to 5,712,113 of the Company’s shares or Swedish Depositary Receipts (SDRs), equivalent to 10 per cent of the current share capital, by instructing management to launch...
U.S. private equity firm, Advent International has entered its bid to take over Douglas Holdings, a perfume and beauty chain that has been valued at $1.95 billion.
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.
L’Oréal CEO Jean-Paul Agon has announced that he will hand back half the stock-options he received in 2010 and that the French firm will stop using them altogether.
As Avon shares hit a year low this week, speculation is mounting that the company may become a buyout target over weak financial results and an executive bribery scandal in China.
LVMH says that all the concerned regulation authorities have given their consent to the joint long-term development for new lines of luxury products with Bulgari.
The private equity owners of two established Scandinavian packaging companies have joined forces to create a new venture called Arch Packaging Group – which they hope to float within five years.
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.
Private label personal care specialist McBride says weak retail sales in Europe and increased expenses are likely to impact the company’s fourth quarter results.
French cosmetics player L'Occitane says its recent IPO has helped it to raise HK$5.5bn (€553m) as part of efforts to target expansion in the fast growing China market.
Revlon revealed falling sales during its third quarter, underlining tough retail conditions and the strength of the dollar against international currencies.
Beauty packaging specialist Rexam is considering issuing new equity to service its burdensome debt pile, after market conditions failed to improve in the last quarter.
Brazilian cosmetics player Natura said that its recently announced share offering is likely to raise in excess of $800m as Brazilian and US investors clamor for shares.
Procter & Gamble continues to extend its lead in the list of the top ten publicly traded global personal care players, according to their performances in 2007.
French luxury beauty player Clarins says its holding company will proceed with a squeeze-out offer on September 26 to buy back the remaining shares it does not own.
Independent cosmetic giant Clarins has been given the go ahead by French authorities to proceed with the proposed buy back scheme that should lead to a stock market delisting.
Investment advisory group Deminor has written to the French financial authorities to complain about the validity of Clarins proposed share buy back scheme.
