UK-based Body Shop has upped its expectations for the coming
financial year on the back of full-year results revealing a trading
come-back. Growth had come on a global basis thanks to a successful
investment programme to enhance the...
P&G appears to be going from strength-to-strength, with the
announcment that it has increased its first quarterly sales by 10
per cent, exceeding market expectations. Analysts say that the
performance is proof of the company's...
Despite global sales rising 9.5 per cent Colgate-Palmolive has
reported an 11 per cent drop in net profits for its first quarter
results. However, the company said that increased advertising
expenditure had managed to ensure sales...
Direct sales player Oriflame has announced a significant drop in
its first quarterly profits despite a healthy increase in sales.
The results reflect last year's IPO and refinancing expenses,
reports Simon Pitman.
Japanese textiles and cosmetics group giant Kanebo has admitted to
inflating profits by about $2 billion over the five-year period to
March 2003, in what could be Japan's largest accounting fraud
involving a non-financial firm.
Sales at UK accessories and fragrances group Burberry were flat
during the second half, the firm said today, but it forecast
full-year profit growth of at least 15 per cent.
Cognis Care Chemicals has reported a stronger financial performance
in 2004 thanks in part to a restructuring of the division. The
results helped the privately-owned German group to reduce its debts
by more than half compared to the...
Beiersdorf has reported flat financial results following what the
Germany-based skin specialist described as a difficult year for
trading as the domestic market continued to prove particularly
challenging. However, the company says...
Ambitious Israeli fragrance and flavours firm Frutarom has
benefitted from recent acquisitions as year end figures show 40 per
cent boost in sales. But the figures show that growth in the fine
ingredients division, which largely supplies...
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.
Brazilian direct cosmetics sales company Natura has reported a
growth in sales of nearly 30 per cent and a very healthy increase
in profits, following its expansion into the Mexican and French
market during the course of the year,...
Liz Claiborne has reported a strong final quarter for its financial
year 2004, but a mixed performance for its cosmetic revenues clouds
an otherwise good year for the US fashion house.
Global packaging provider Rexam has announced flat results for the
full year 2004, with its plastics packaging division boosted by a
particularly good performance from its beauty operation, reports
Simon Pitman.
Givaudan has reported that sales fell in 2004, with a poor
performance from its fragrance division hampered by its fragrance
ingredients business combined with unfavourable currency exchange
rates, reports Simon Pitman.
UK cosmetics retailer Boots has warned that its full year profits
are likely to be impacted by low levels of consumer spending. The
announcement follows a disappointing December and January that saw
consumer spending well down on...
The investment world has given its seal of approval to P&G's
proposed $57 billion acquisition of Gillette, with analysts
recommending Gillette shares as a good buy, but experts are
expecting that the deal will bring headaches...
UK speciality oils supplier Croda International said sales to
cosmetics and supplement customers rose 8 per cent last year,
helped by expanded capacity in fish oil concentrates and new
product launches.
L'Oreal announced second half financial results broadly in line
with market expectations at the end of last week, boosted by strong
sales in both the US and emerging markets. However, analysts
believe that improvements in profitability...
US and global consumer goods giant Sara Lee says it is planning to
refocus its business operations by selling off its direct sales
business for cosmetic, household and other consumer products.
US personal care company Nu Skin's net income suffered from a
conference payment in Q4, but the company was happy with the large
revenue it brought in during the period.
Swedish cosmetics company Oriflame today announced an increase in
sales in Q4 boosted by the efficiency of the catalogue as a selling
tool, but operating profit was down.
Avon has reported that sales grew ten per cent during 2004,on the
back of a continued growth during the fourth and last quarter. But
currency weakness and a slack US market continue to hamper
otherwise healthy results.
Leading UK and international retailer Boots has reported that sales
for its mainstay toiletries division have fallen by 0.8 per cent
due to a price discounting strategy. The results reflect the
increasingly competitive retail environment...
Inter Parfums has reported a better than expected sales performance
for the fourth quarter and full year 2004. The company said that
favourable currency exchange and it Burberry branded fragrances
were the main reason for the result,...
German health and beauty care manufacturer Beiersdorf has reported
marginally better than expected results for the fourth quarter and
financial year 2004, reflecting the success of its lengthy
restructuring project.
Gillette has received the thumbs up from market analysts, with its
strong financial performance leading to the company's credit rating
being upgraded by Moody's Investors Services to 'positive'.
Avon is cutting back on non-cosmetics lines such as jewellery and
toys and concentrating on its international markets in an effort to
stem the effects of a slow US market, which the company forecasts
will not pick up during the course...
P&G has reaffirmed that its health and beauty lines,
particularly in developing markets, will continue to sustain future
growth for the company. Simon Pitman reports.
Inter Parfums says it expects sales for 2005 to be well ahead of
its original guidance following the strong performance of British
fragrance brands and the continued success of several new launches.
Simon Pitman reports.
Imagenetix, the US-based manufacturer of nutraceutical skin care
and joint care products, has continued to grow on the back of
increasing sales, the company's latest quarterly results reveal.
But even stronger future growth is...
Job cuts and production consolidation for the number four flavours
group Symrise as the equity fund-owned firm says nearly 600 jobs
will go by the end of 2006.
Natural cosmetics maker Oriflame has reported a steady increase in
sales for the first nine months of the financial years, although
the most recent quarter bucked that trend, reflecting increased
costs and currency movements in international...
US-based multinational Revlon has announced a decline in sales of 7
per cent for its third quarter. As well as trying to trying to
refinance its growing debts, the company is also struggling to hold
on to its costumers.
An investment arm of the Canada-based Onex Corporation, Onex
Partners LP, has announced it has acquired the parent company of
Cosmetics Essence (CEI) - the largest contract manufacturer of
alcohol-based fragrance products in the United...
Ahead of Beiersdorf's third quarterly financial results, analysts
are warning that the Germany-based manufactuer of personal care
products is heading for a weak performance, citing a slow domestic
market as one of the leading...
Estee Lauder has reported a strong first quarter, with profits
rising 23 per cent to $95 million. And like the rash of other
cosmetics companies posting good results in the last week, it is
the international markets outside of the...
Elizabeth Arden joins the swell of cosmetics companies delivering
strong first quarterly results, attributing the improvement to its
brand association with Britney Spears fragrance.
Despite Wella reporting a 7.2 per cent increase in sales for its
core cosmetics and fragrance business in the first six months of
the year, the company has reported a drop in group profits bought
on by restructuring costs - a factor...
Avon has reported strong sales growth and profits for its third
quarter financial results, but despite this weakened sales for the
US market is making some investors nervous. Simon Pitman
reports.
Russia is a bread country - it has been a staple part of the diet
there for centuries, and to many people it is as much a part of the
Russian way of life as tea or vodka. But even a product with such
an impressive heritage needs to...
Despite announcing rising profits yesterday, both Unilever and
Proctor & Gamble saw their stock prices slip, reflecting
growing concerns over excessive competition in the FMCG sector.
Simon Pitman reports.
L'Oreal, the world's biggest cosmetics group, said this week that
sales had increased 3.7 per cent rise in the first nine months,
largely thanks to its hair salon and luxury retail products, and
that it was on track to achieve...
Colors and flavors group Sensient Technologies this week reported
an increase in earnings for the third quarter of 2004, a welcome
result after a drop in profit in the first six months of this year.
Burberry, the UK fashion house, announced last week a 14 per cent
rise in underlying first-half sales, bolstered by strong retail
expansion and the launch of its Burberry Brit men's fragrance.
Food and cosmetic companies in France have received letter threats
from an unidentified group warning that if they refuse to each pay
€1 million, their products will be poisoned, reports the French
media.
One of the world's largest beauty companies, Procter and Gamble
(P&G), has announced a licensing agreement which allow it to
add IMAN and I-MAN skincare products to its extensive cosmetics
portfolio - as well as giving it...
Italian fashion brand Miss Sixty announced last week that it is to
launch a new line of fragrance, marking its first foray into the
sector - and signaling the continuing allure of the cosmetics
market to designer clothes labels. Tom...
Sales of care chemicals were up 3 per cent in the first half of
this year at German company Cognis, which said the increase to €577
million was driven largely by the skin care and fatty alcohol
businesses.
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