Sales at the world's biggest supplier of flavours and fragrances,
Swiss company Givaudan, have been hit by the discontinued sales of
fragrance ingredients and adverse conditions for flavours but the
company said its current fragrance...
According to a new report, the major forces in the cosmetics
industry - that include L'Oreal, Proctor and Gamble (P&G) and
Unilever - are turning away from sluggish US domestic markets, and
focusing their attention on the...
Leading Russian cosmetics players Koncern Kalina has reported a 34
per cent increase in its profits for the first half of 2004. The
growth came about from a significant increase in sales, reflecting
a shift towards higher margin products...
The Alberto-Culver Company announced earlier this week that fourth
quarter and fiscal year 2004 sales and profits results were in line
with expectation, placing the company in a good position to exceed
analysts estimates, despite...
Fierce competition in the consumer goods sector has driven Unilver,
maker of some of the world's leading cosmetics and toiletry brands,
to cut back its earnings outlook for 2004 with a view to changing
it five-year sales targets.
Despite tough competition in developing countries having anegative
effect on Procter & Gamble's financial result, the company
confirmed its financial expectations for the third quarter.
Cosmetics giant Avon says that it is expecting strong profit and
sales growth to continue in to its third and fourth quarters. The
company said that despite flat sales in the US market, strong sales
in Central and Eastern Europe together...
World leading cosmetics companies have rediscovered "the rest of
the world" - everywhere outside Western Europe, North America
and Japan - as one of the strongest forces driving sales growth.
With increasing incomes, the...
Proctor & Gamble and Vidal Sassoon have announced that a
lawsuit claiming P&G had deliberated sabotaged Vidal Sassoon
hair care products in favour of other brands in the North American
and European markets has been settled...
Sometimes not following market trends and competitors, but sticking
to your own business and marketing strategy may be the best way to
succeed. One of the best examples of this is Avon, the sixth
largest global beauty company, which...
Outsourcing may have helped Fytokem Products, a Canadian producer
of plant-based ingredients, increase its sales from last quarter,
but they were still well down on the same period last year.
The French subsidiary of Johnson & Johnson will acquire
Biapharm, a producer and marketer of skin care products centered on
the leading brand Biafine, at the end of September.
Procter & Gamble believes the beauty care business is a faster
growing, higher-margin and more asset effective business than food
and household products. Shifting its business to beauty care over
the last several years has boosted...
Airspray, the world's leading designer, manufacturer and marketer
of innovative dispensers for the cosmetics and personal care
sectors reported a significant slowdown in sales and profit growth
in the first half of 2004 due to...
Sephora, the French concept of selling beauty products from
elaborate retail outlets, is to set up shop in Toronto before the
end of the year. This move completes its effort to conquer the
North American market begun in 1998.
Looking for higher growth and lower risks, the world's leading
cosmetics companies are diversifying their distribution channels,
in particular focusing on mass retail outlets which they had
previously spurned. Estée Lauder is...
Europeans may be living longer, but they do not want to look older,
and are willing to pay any price to attain this goal, as
Beiersdorf's results show.
Aggressive expansion of its direct sales network into various
emerging markets has put Swedish cosmetic group Oriflame on route
for its sixth consecutive year of sales growth, writes Sibonelo
Radebe.
Danish company Dansk Droge has expanded its share of the skincare
market with its acquisition last week of the Poland-based
supplement distributor Amis Medica.
Perhaps the world already smells good enough, writes Jordan
Mateev, as Givaudan, the world's biggest maker of fragrances
and flavours reported another period of declining fragrance sales.
The Swiss company, whose mission is to...
Sales of leading brands to mass retailers and the use of big stars
such as Elizabeth Taylor, Catherine Zeta-Jones and Britney Spears
in its advertising campaigns helped boost Elizabeth Arden's sales,
though operating loss was...
Essel Propack, an important manufacturer of laminated tubes used in
the cosmetics, personal care and toiletries sector, has acquired
the UK-based Arista Tubes, which manufactures plastic seamless
tubes.
Halle Berry, Julianne Moore, Eva Mendes and Jaime King, all four
super models feature in a marketing campaign by US based cosmetic
group Revlon seeking to regain its balance in the mass cosmetic
market. However, the 2004 first half...
Procter & Gamble announced robust sales and profit growth for
the second quarter, exceeding its long-term targets. The strong
results were primarily driven by P&G's good performance in
beauty care and growth in developing...
Avon Products, the sixth largest global beauty company, reported
excellent sales growth in the second quarter, boosted by the
surprisingly fast-growing emerging markets. Focusing on China and
Russia, the company says it will reinvest...
Anglo-Dutch consumer goods group Unilever faced tough competition
for its personal care products in the first half, operating mainly
in weak markets with declining prices. Cutting costs helped improve
operating profits at the division,...
Mainland Chinese consumers are increasingly joining the health and
beauty craze which is gripping the west and as such have helped US
personal care group Nu Skin Enterprises to a 400 per cent increase
in revenues there during the...
UK chemicals group Croda has seen strong demand for its marine and
nutritional oils as well as products for the personal care sector,
driving sales to the personal and healthcare sectors up 14 per cent
at constant currency rates in...
Domestic and brand name fragrance firm Inter Parfums reported a
hefty rise in net sales for the first quarter, pushing the company
to raise its 2004 sales guidance.
US-headquartered FCMG group Procter & Gamble is merging its
fragrance and salon hair care products activities with those of
recently acquired German subsidiary Wella.
Irish neuroscience based biopharmaceuticals company Elan has sold
its botulinum toxin type B product Myobloc/Neurobloc to Solstice
Neurosciences for up to €15 million.
Japan's second largest manufacturer of household goods Lion is to
terminate a hair care product joint-venture agreement with a
Japanese unit of German company Henkel.
Maker of Era Face spray-on foundation and other beauty products
Classified Cosmetics has filed a motion for a preliminary
injunction against cosmetics and over-the-counter pharmaceuticals
manufacturer Del Laboratories in a suit that...
International household and personal care products company PZ
Cussons has is to acquire top UK haircare brand Charles Worthington
in a deal worth up to £37m (€55 m) to the celebrity hairdresser and
his business partner.
The maker of Arm & Hammer toothpastes Church & Dwight and
private investment firm Kelso have agreed to acquire cosmetics and
over-the-counter drugs manufacturer Del Laboratories.
The California Court of Appeals has overturned two rulings that had
dismissed a class-action lawsuit that alleges direct-selling
cosmetics company Avon inflated figures in its financial reports by
accounting for shipments dispatched...
Clarins has announced that its contract to distribute fragrances
for Procter & Gamble in the United States would come to an end
on 31 December 2005, in a move that would allow it to concentrate
on its own fragrance brands, Clarins,...
British based cosmetics retailer The Body Shop has said its UK
business continues to provide cause for concern after first-quarter
sales dipped 4 per cent.
Parlux Fragrances has reported that its financial year 2004
earnings rose 14 per cent to US$6.3 million (€5.2 m), from US$5.5
million (€4.5), last year.
The maker of Arm & Hammer toothpaste, Church & Dwight, has
elected a new president and chief executive officer. James Craigie,
who also takes a seat on the board, will succeed Robert Davies, who
will remain as chairman.
Inter Parfums has announced a worldwide license agreement with
Lanvin to create, develop and distribute fragrance lines under the
Lanvin brand name over the next 15 years.
Unilever has sold its 9 per cent stake Elizabeth Arden, which has
closed its offering of about 2.5 million common shares at US$19.50
(€16.14) per share, including over-allotment option exercised by
investment bank Morgan Stanley.
UK-based Virgin Cosmetics' parent company Victory Corp made a
pretax profit in the year to end March 2004. The company said its
profitability was helped by Virgin Cosmetics' sales and that
trading levels in the first eight...
Procter & Gamble has reportedly agreed to pay majority
shareholders a cash price of €3.2 billion in consideration for a
77.6 per cent stake in the German beauty and hair care company
Wella.
Skincare technology company Radiancy aims to raise £30 million (€45
m) through its flotation on the London Stock Exchange next month.
One look at Radiancy's corporate profile tells you that it is a
small company with big ideas...
Avon raises its earnings forecast and announces new cash management
and tax strategies that will see more of the US-headquartered
company's international earnings remain offshore, taking advantage
of overseas sales and profits...