Tupperware Brands, the US-based retailer of kitchenware, cosmetic
and beauty products, has announced a disappointing second quarter
in Europe and the US, further exacerbated by falling cosmetic and
beauty sales.
The UK has overtaken Germany to become the largest market in Europe
for internet sales - a market that has already proved to be rich
pickings for personal care producers. But research suggests the
French market is set for even bigger...
Colgate-Palmolive has announced broad top-line growth for its
second quarter on the back of strong sales, adding that hefty
restructuring charges hit profits.
As part of on-going restructuring to its supply chain and general
operations Beiersdorf is putting its Hirtler soap manufacturing
facility up for sale.
Avon Products China says it has now employed 114,000 sales staff in
China and is in the process of hiring a further 31,000 recruits
just four months after it was awarded its first direct sales
license in the country.
German biotech cosmetics player Mercatura says it has acquired the
Munich-based businesses Ulrich Krause Kosmetics and the Sternmark
Cosmetics as part of plans to expand its fragrance business.
As Parlux Fragrances CEO Ilia Lekach withdraw his share buyout
offer on the back of pressure from shareholders, investor
confidence in the company is sending share prices into a dramatic
fall, which is likely to spell take-over bids.
Tapping into significant market growth, US cosmetic and fragrance
giant Estee Lauder says it is to establish an affiliate company in
Istanbul, Turkey, with more than 300 employees and talk of further
growth to come.
Cosmetics giant Revlon has confirmed that its preliminary Q2
results have been hit by weaker than expected sales of its news
Vital Radiance cosmetic range for older women.
Despite slow general economic conditions in Italy, the country's
Cosmetics Companies Association, Unipro has reported that sales of
cosmetics and toiletries are set to grow by 2.6 per cent this year
to reach €8.1bn.
Following shareholder complaints over a proposed company share
buy-out, Parlux has said that it will delay filing its end-of-year
financial report because it needs more time to access its internal
control policies.
Significant increases in perfume sales combined with increased
general penetration into rural areas has helped to take the Avon
Cosmetics Romania's turnover above the €100m mark, in turn boosting
profits by 50 per cent.
New Jersey-based Johnson & Johnson has bought the Pfizer
healthcare division for $16.6bn in a deal that wins the company the
much sort after Listerine oral care brand.
The US hair care provider is making efforts to branch out its
business portfolio with the acquisition of the UK salon hair care
provider Salon Success.
Advitech has secured two-part interim financing totalling C$350,000
to assist in ongoing commercialisation of its psoriasis product
from sweet whey, Dermylex. The boon for the Canadian company
coincides with the finalisation of its...
Parlux Fragrances CEO Ilia Lekach has made an unsolicited offer to
buy back the company shares at $29 in a bid to take the company
private and fend of the threat of short-term investors.
Ciba Speciality Chemicals has formed a joint venture with
India-based Virchow Drugs in an effort to expand its share of the
growing cosmetics market in Asia and further improve its position
in the region.
Germany-based global chemicals giant BASF has finally completed the
acquisition of US specialty chemicals and personal care ingredients
player Engelhard following months spent battling against hostile
bidding.
The proposed £7bn (€10.2bn) merger of Boots with Alliance UniChem
merger took another step towards completion with announcements for
the dates for both companies Extraordinary General Meetings (EGM)
to vote on the resolutions to create...
France-based PPR's have announced the start of a long-term
licensing agreement with P&G Beauty to produce, sell and
distribute Fine Fragrance products under the Gucci brand.
The European Commission has given its blessing to L'Oreal's
takeover of UK-based The Body Shop, as the French cosmetics giant
announces that the offer is now unconditional as to acceptances.
Multinational suppliers for the cosmetics and toiletries industries
are facing increasing competition from China, while Japan continues
to offer innovation, says a new report from Kline and Company.
Nextera Enterprises has acquired the rights to the Ellin LaVar
Textures hair care product line and brand name from LaVar Holdings,
allowing it to tap into a fast developing niche product category.
As part of its massive worldwide restructuring program, Avon has
announced that a further 900 jobs are to go, in addition to the
1,300 jobs it axed at the end of April.
Having increased its offer to buy out leading personal care
supplier Engelhard, Germany-based BASF is looking more and more
likely to be successful in its hostile takeover bid.
Having confirmed strong sales growth for the first three months of
the year, German cosmetics giant Beiersdorf says it is expecting to
build on growth during the course of 2006.
British cosmetic and healthcare retailer Boots says that it has had
a positive feedback to retail tests carried out on a range of its
own brand beauty and cosmetics products in the US.
Swiss biotech company Lonza has announced the latest move to expand
its ingredients portfolio, with the acquisition of the larch
arabinogalactan assets of US firm Larex.
Dr Scheller Cosmetics says it has managed to continute its improved
financial performance by maintaining sales growth and increasing
its gross profit for its first quarter ending in March.
Germany-based fragrance and ingredients player Symrise has
completed a restructuring programme across its entire organisation
that will see the company divided into two clear division
consisting of a supply chain and operations businesses.
Boots plan to go ahead with a £7bn (€10.2bn) merger with Alliance
UniChem look set to go ahead after a last-ditch attempt by European
pharmacy retailer Celesio to block the deal has failed.
Procter & Gamble has reported a 37 per cent jump in its
profits, but share prices fell after the company revealed that its
sales had failed to meet with expectations on the back of inventory
cut-backs by Wal-Mart and slower than...
Two of the leading cosmetic players in the US have simultaneously
posted a big drop in their profits as they are hit by costs
associated with restructuring plans that aim to shape up the
businesses.
The Body Shop says that widespread criticism of its merger with
French cosmetics giant L'Oreal has failed to have an impact on the
stronger performance the company has experienced throughout the
financial year.
Continuing the decline in sales experienced during 2005, Inter
Parfums has reported a dip in its dollar sales for the first
quarter of 2006 as the company struggles to improve its ground in a
hugely competitive market.
After another flat quarter French luxury goods group PPR says it is
to pursue plans to restructure its YSL Beauté division in an effort
to improve efficiency and make the business more competitive.
Avon has reported a 67 per cent drop in its first quarter net
income as restructuring charges aimed at reinvigorating sales hit
the company's bottom line.
Leading Japanese and global cosmetics player Shiseido has pulled
back into profit following improved sales and reduced labour costs,
but it is predicting that sales growth will slip in the coming year
as a result of competition.
Colgate-Palmolive has successfully implemented increased pricing
and a greater emphasis on higher margin goods to help boost its
first quarter results despite the challenge of facing stiff
restructuring costs.
After 18 years at the helm of the world's leading cosmetics
company, Sir Lindsay Owen-Jones has stepped down in favour of
Frenchman Jean-Paul Agon. The question on everyone's lips now is
can Agon measure up to the standards...
Avon has confirmed that it will fire 1,300 staff by the end of this
year as part of the comprehensive restructuring program it
announced in November last year.
Luxury cosmetics and fragrances are continuing to provide some of
the biggest sales growth in the industry, as the latest quarterly
results from France-based LVMH Moet Hennessy Louis Vuitton reveal.
Sweden-based direct sales player Oriflame says it will continue to
focus its plans for sustained growth on Eastern Europe and
Mediterranean regions, following the publication of its 2005
financial report.
Beauty-conscious British women spend a whopping £3,000 (€4,300) a
year on beauty products and treatments, with 81 per cent of women
wearing make-up every day, says a survey commissioned by New Woman
magazine.
UK retailer Marks and Spencer has streamlined its colour cosmetics
business by switching to a single supplier, pulling a contract from
Swallowfield worth a reported £2m (€2.9m).
Elizabeth Arden is to team up with singer Mariah Carey for the
launch of a new line of fragrances. The announcement comes just a
few weeks after the company's shares fell on the back of rising
competition in the celebrity fragrance...
Cosmetics giant Estée Lauder has been accused of artificially
inflating its share prices in a lawsuit filed by shareholders who
claim they were tricked into investing in the struggling company.
Irish cosmetics and personal care company IWP International has
announced a restructuring that aims to return the company to
profitability after two years in the red.