Symrise restructures as first quarter profits suffer
07-May-2009 By Katie Bird
Symrise is closing a production facility in Spain as part of restructuring plans which aim to improve the company’s bottom line.
Avon sales suffer from a slump in US sales and a stronger dollar
05-May-2009 By Katie Bird
Weak domestic sales and a stronger US dollar have dragged down Avon’s first quarter results.
BASF reports sales slump and cuts 2,000 jobs
05-May-2009 By Guy Montague-Jones
BASF has announced plans to cut about 2,000 jobs by the end of the year after first quarter sales fell sharply.
Beiersdorf blames retail destocking for poor Q1
05-May-2009 By Simon Pitman
Beiersdorf first quarter results were hit by poor sales in its Western European and US markets, which the company blamed on retailer de-stocking.
29-Apr-2009
Dow’s acquisition of Rohm and Haas has been a financial drama involving legal bickering and funding uncertainty. Now that the deal is done, CosmeticsDesign.com spoke to the head of personal care at Dow to find out how the acquisition will affect the company's...
In-cosmetics panel gets under the skin of the recession
28-Apr-2009 By Guy Montague-Jones
A panel of beauty experts gathered at in-cosmetics in Munich last week to examine the latest data on the cosmetics industry and diagnose its financial health.
LVMH perfume and cosmetics sales take a dive
28-Apr-2009 By Simon Pitman
LVMH group reported flat reported sales for its first quarter, despite the performance of its perfumes and fragrance division taking a considerable hit.
Revlon mulls investor buy-out proposal
21-Apr-2009 By Simon Pitman
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.
GSK pays €2.78bn for skincare maker Stiefel
21-Apr-2009 By Simon Pitman
GlaxoSmithKline has paid $3.6bn (€2.78bn) for US-based dermatology specialist Stiefel, the largest independent company of its kind.
Cost cutting sees P&G upgraded by analyst
20-Apr-2009 By Simon Pitman
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.
Aptar sales drop due to low demand in fragrance and cosmetics
16-Apr-2009 By Katie Bird
A drop in demand from fragrance and cosmetics companies has led to falls in first quarter sales and income for Aptar Group.
BASF closes Ciba deal and starts integration process
16-Apr-2009 By Guy Montague-Jones
BASF has completed the acquisition of Ciba after receiving conditional approval from both the European and US competition authorities.
Beauty sales up in UK but hard times likely to continue
16-Apr-2009 By Katie Bird
This month’s cosmetic sales in the UK may be up on last year’s figures for the first time since last June, but for the British Retail Consortium (BRC) the worst is not over yet.
J&J sales fall but forecast remains unchanged
15-Apr-2009 By Guy Montague-Jones
Johnson & Johnson (J&J) has announced a sharp fall in first quarter sales for both its consumer and pharmaceutical businesses.
PZ Cussons enters bidding for Sara Lee
14-Apr-2009 By Guy Montague-Jones
PZ Cussons is reportedly among the bidders battling it out to buy the household and body care business at Sara Lee.
Nestle and Bettencourt announce continuation of L'Oreal relationship
10-Apr-2009 By Guy Montague-Jones
Nestle and the Bettencourt family have announced that Nestle will maintain its stake in L’Oreal after 29 April.
Economic distress in chemicals spells acquisition opportunity
09-Apr-2009 By Guy Montague-Jones
Hidden gems lurk under the surface of chemicals for those prepared to ferret them out, according to Kline & Company.
Henkel 'not satisfied' with start of 2009
09-Apr-2009 By Katie Bird
A respectable performance from Henkel’s cosmetics and laundry sectors could not make up for struggles in the company’s adhesives business.
Parlux signs unusual licensing deal with Jay-Z, Rihanna and Kanye West
08-Apr-2009 By Katie Bird
Parlux Fragrances has signed an unprecedented licensing deal that will see the earnings of stars Rihanna and Kanye West tied to the company share price.
Cosmetic Lab Gercal secures investment for expansion
07-Apr-2009 By Simon Pitman
Niche naturals player Cosmetic Lab Gercal says it wants to build on a steep increase in sales during 2008 with the help of outside investment.
Fragrance sales down for Givaudan in first quarter
03-Apr-2009 By Katie Bird
Fragrance sales for Switzerland-based Givaudan struggled in the first quarter and the sector is not expected to recover before the end of 2009.
Sara Lee confirms interest in selling personal care business
31-Mar-2009 By Guy Montague-Jones
Sara Lee confirmed yesterday that the company is considering selling its household and body care business.
Divestment and strong care chemical sales boost Cognis
25-Mar-2009 By Simon Pitman
Strong sales for its Care Chemicals division and the divestment of the Oleochemicals and Pulcra Chemicals businesses boost Cognis, but net profits were still in the red in 2008.
Sara Lee rumoured to be making moves to exit personal care
16-Mar-2009 By Simon Pitman
Food, household and personal care player Sara Lee is contemplating selling its remaining cosmetics business interest in Europe to focus on food and beverage.
European Commission imposes conditions on BASF’s acquisition of Ciba
13-Mar-2009 By Guy Montague-Jones
BASF is now one step closer to acquiring Ciba but had to promise to share cosmetics know-how and sell businesses to get the €3.8bn deal accepted.
Inter Parfums sales slide on strong dollar and weak consumer demand
12-Mar-2009 By Simon Pitman
Sales for both the US and European operations slid considerably as the company faced the dual challenge of a strong dollar and the economic crisis.
Coty's ex-CFO accuses former employers of fraud
11-Mar-2009 By Guy Montague-Jones
Coty’s former chief financial officer has filed a civil complaint against the company accusing the board of “arbitrarily, capriciously, fraudulently and illegally” cheating him out of millions of dollars in stock options.
Avon rating downgraded on currency weakness and CEE gloom
10-Mar-2009 By Simon Pitman
Citing currency weakness and overexposure in the Central and Eastern European (CEE) market, an analyst has downgraded Avon's outlook for 2009.
Dow settles differences with Rohm and Haas
10-Mar-2009 By Guy Montague-Jones
Dow Chemical’s acquisition of Rohm and Haas will go ahead after the companies reached an agreement that eases Dow’s debt burden.
L'Oreal takes eBay to court over counterfeit sales in UK
10-Mar-2009 By Katie Bird
L’Oreal has brought its ongoing fight against eBay to the British courts, launching a trademark infringement case against the internet auction site.
P&G most admired company in cosmetics industry
10-Mar-2009 By Katie Bird
P&G and Henkel are two of the most admired companies in the industry, according to a recent survey by Fortune magazine.
UK contract manufacturer confident about the coming months
05-Mar-2009 By Katie Bird
A sales increase and continuing demand leads UK contract manufacturer Swallowfield to remain confident for the future.
La Prairie Group delivers strong sales growth in 2008
05-Mar-2009 By Simon Pitman
Switzerland-based premium cosmetics player La Prairie Group has revealed strong sales growth in 2008, despite the economic downturn.
Beiersdorf says acquisitions are still possible as results defy downturn
04-Mar-2009 By Simon Pitman
Beiersdorf announces strong sales growth and beats earning forecasts, adding that it will remain acquisitive in 2009 if the right opportunities arise.
Raw materials and acquisition costs drag earnings down for Symrise
04-Mar-2009 By Katie Bird
Sales increases at fragrance and flavour company Symrise were not enough to keep net income from slipping in 2008.
Body Shop cuts 275 jobs in restructuring effort
03-Mar-2009 By Katie Bird
The Body Shop is cutting 275 jobs as part of a restructuring plan that aims to equip the company for long term growth.
BASF’s outlook for 2009 is weak after a difficult fourth quarter
26-Feb-2009 By Katie Bird
BASF expects a drop in sales and an even greater drop in operating income in the coming year.
National Starch acquisition boosts Henkel's results
25-Feb-2009 By Katie Bird
Henkel’s acquisition of National Starch in April helped perk up the company’s fourth quarter results.
Risdon has no intention of filing for bankruptcy, says director
24-Feb-2009 By Guy Montague-Jones
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.
French government targets sales of counterfeits on the internet
24-Feb-2009 By Katie Bird
The French government has launched an initiative to help fight the sale of counterfeit goods over the internet.
Univar strengthens French site and targets Slovakia
20-Feb-2009 By Katie Bird
Chemicals distribution company Univar is strengthening its European presence with expansion plans in France and a new branch in Slovakia.
J&J has permission from EU to acquire feminine care brands
19-Feb-2009
The EU Commission has given the go ahead for Johnson and Johnson (J&J) to purchase two French feminine hygiene companies.
Ageing and vanity lift Croda to high sales growth
19-Feb-2009 By Guy Montague-Jones
Supported by a “vibrant” personal care market, Croda has reported high sales growth in the latest quarter, bucking the downward trend among chemical groups.
Risdon International considers bankruptcy
18-Feb-2009 By Guy Montague-Jones
Risdon International is considering bankruptcy and has temporarily shut down cosmetic packaging operations in the US.
Budelpack Holding calls in adminstrators to save leading contract manufacturer from collapse
18-Feb-2009 By Guy Montague-Jones
Budelpack Holding has called in the administrators putting the future of one of Europe’s largest contract manufacturers of cosmetics in doubt.
L'Oreal turns to cheaper products to spur future growth
18-Feb-2009 By Katie Bird
L’Oreal plans to release lower price products in an attempt to stop consumers swapping to cheaper brands.
Givaudan struggles but says it will outperform competition
18-Feb-2009 By Katie Bird
Givaudan’s 2008 results suffered from adverse currency effects, high raw material prices and weakening demand throughout the supply chain.
The Body Shop’s woes cannot be blamed on the economic crisis alone
17-Feb-2009 By Katie Bird
The Body Shop needs a health check, judging by L’Oreal’s 2008 financial results. The brand reported a sales drop of 2.3 percent, not accounting for new stores opened during the year.
L'Oreal reports drop in sales as results miss target
17-Feb-2009 By Guy Montague-Jones
L’Oreal has reported a fall in sales in the last quarter of 2008 bringing years of high growth rates to an abrupt end.
Financial dispute breaks out between Henkel and Budelpack
13-Feb-2009 By Guy Montague-Jones
Budelpack is locked in a financial dispute with Henkel that puts the future of another of its cosmetic factories in doubt.
