Johnson and Johnson (J&J) has reported strong second quarter
results although price increases within its consumer goods division
will be implemented throughout the year.
CSM has announced plans to sell its Purac gluconates production
plant in The Netherlands to Avebe, as part of a broader
restructuring of manufacturing and focus on core competencies.
The deposed CEO of French fragrance and cosmetics retailer
Marionnaud has been imprisoned for 18 months after being found
guilty of falsifying company accounts.
Procter & Gamble has become the first major personal care
producer to announce significant across the board price increases
in the face of mounting costs.
Poland cosmetics player Eveline Cosmetics has signed a distribution
deal to with ProConcepts Marketing to expand into the US,
Canadian and Mexican markets.
Clarins says that after its proposed delisting is complete it
intends to go ahead with plans to refocus its portfolio, despite a
negative stock market reaction.
YSL has sealed the deal with L'Oreal to become a part of its luxury
products division in a move that extends the cosmetics giant's
presence in the premium segment.
Clarins, one of the last sizeable independent cosmetic companies,
has offered to buy back outstanding shares in an effort to delist
from the Paris Bourse.
A European investment firm has invested in active ingredients
company Groupe Unipex which the firm hopes will allow it to
double in size in the next five years.
Genevieve Berger has been appointed chief research and development
officer, a newly created position aimed at consolidating the
company's focus on scientific discovery.
Estee Lauder Cosmetics has filed a lawsuit against fragrance maker
Preferred Fragrance for alleged trademark infringements of its
Clinique brand perfume products.
Unilever has announced that it is selling its edible oils business
and palm oil plantation interests in the Ivory Coast, and will
instead invest in a soap business in the country.
L'Oreal, the world's largest cosmetics group, has received approval
from the European Commission for its €1.15bn acquisition of Yves
Saint Laurent Beauté.
BASF Corporation is the latest leading specialty chemicals
manufacturer to announce major price hikes among its offerings to
the personal care industry.
Global fragrance maker Parlux has announced a significant boost to
its full year results ending in March thanks to revised market
focus and restructuring programme.
Having acquired Kanebo Cosmetics in 2005, the logistics operations
for the two businesses are now in the throes of a massive
integration operation as part of aims to fully synthesize the
business.
Treatt is expecting Earthoil to make a better contribution to
results since acquiring the remaining 50 per cent of Earthoil
Plantations and Earthoil Kenya, giving it full control over
operations.
Faces Cosmetics has appointed a new CEO for international
markets who will be charged with growing the business in
some of the world's fastest growing developing markets.
Recent financial results from leading cosmetics firms have been
mixed but historical data from Kline suggests the US downturn may
give them reason for cheer.
Fragrance and flavours supplier Givaudan has signed a partnership
with Colgate-Palmolive which will allow it to collaborate with the
personal care company on future products.
Helen of Troy's personal care division continued to struggle in the
fourth quarter reporting a 7.1 percent drop in sales that it blamed
on the tough retail environment.
International players are leading market growth in Brazil which now ranks fourth in the global market for cosmetics and toiletries, according to a Kline report.
A significant jump in sales has driven a fifty percent increase in
first quarter profit for Inter Parfums thanks to a successful
Burberry fragrance launch.
Croda has chosen Advantage Research Lab (AR-L) as its sales agents
in Nigeria to further capitalise on the growing personal care
market in the country.
Dietary supplement makers are offered new source of polyphenols
from cost-effective raw materials as French natural ingredients
firm Naturex buys into new patented technology that produces
polyphenols extracted from onion and lettuce.
Symrise has reported a sales increase for the first quarter of 2008
led mainly by emerging markets but bottom line figures suffered due
to higher energy and raw material costs.
Paris-based fragrance provider Ulric de Varens says it achieved
double-digit net profit growth in 2007, following a particularly
strong fourth quarter, but first quarter sales are down.
Kimberly-Clark has reported that its first quarter profits fell by
2.5 percent after being hit by higher cost pressures, despite a
strong increase in sales.
German-based Symrise has reorganised the innovation management of
its Scent and Care division in an attempt to become the innovation
leader in the industry.
Unilever has announced its plans to invest a further Ft 2 bn
(€7.7m) into its cosmetics and household chemicals plant in
Northeast Hungary in order to boost production in the area.