IFF reported strong sales and profits growth in Q4 for both its fragrance and flavors divisions on the back of big gains in its Latin America and Greater Asia markets.
Avon Products has reported flat sales for it fourth quarter the negative impact of currency translations and falling sales for skin care and color cosmetics.
After making inroads into color cosmetics and skin care through several acquisitions in 2010, fragrance and cosmetics player Coty has said it will look to China and Brazil in 2011 as part of its plan to target high-growth opportunities in emerging markets.
Japanese cosmetics brand Shiseido has said that if consumer demand and the appropriate retail channels exist, it will continue to expand into new markets as part of its aim to become ‘a global player representing Asia with its origins in Japan’.
The company reported healthy growth in both sales and profits for the fourth quarter, although growth has declined over the course of the financial year.
Fourth quarter sales and net income for the beauty business of the Tupperware group was up on last year but its US operations still recorded a drop in sales.
Q-Med, the Sweden-based manufacturer of anti-ageing products that is currently in take-over talks, warned that rising marketing and development costs are likely to hit future profits.
A significant drop in profit and weaker domestic sales in the first nine months of 2010 has led Japanese-headquartered Shiseido to lower its forecasts for the full year.
Procter & Gamble announces steady gains for its third quarter sales ending in December, but profits are down on lower retail pricing and negative currency exchange rates.
Global beauty company Coty has received minority equity investments from two private equity firms which will aid in its accelerated growth plans on a global scale.
Consumer goods giant Kimberly-Clark announced a slight increase in both its organic and like-for-like sales and will focus on restructuring its pulp and tissue division.
Beiersdorf has announced a full year organic 2010 sales increase of 3.1 percent, in line with the forecast that were recently lowered by costs relating to its restructuring programme.
Japanese-headquartered Kao Corporation has invested in a new manufacturing plant in the Anhui province, China, in order to reinforce its production base of consumer goods in the country.
Cargill is to acquire Indonesian starch, sweetener and sorbitol company PT Sorini Agro Asia Corporindo, in a deal designed to help it better serve its customers in the Asia Pacific region.
Beiersdorf has announced new measures designed to focus the business on skin care, which it says will weigh on next year’s operating margin, including pulling out of the color cosmetics market in Germany.
Intercos America, a leading worldwide manufacturer of make-up products has secured state investment to expand its production facilities in New York State.
Indian fast moving consumer goods giant Godrej has acquired two important niche brand in the country’s hair and body care market, Swastik Shikakai and Swastik Neem.
Fragrance and cosmetics manufacturer Coty has announced its plans to purchase a majority stake in TJoy in an attempt to increase its presence in China.
L’Occitane’s expansion into China, funded by a recent IPO on the Hong Kong stock exchange, has helped drive a big increase in sales for the first half of its financial year.
Godrej Consumer Products is planning future acquisitions in the emerging markets in order to grow in the personal wash, hair care and household care categories.
New, mainly natural, products with higher than average margins have helped flavour and specialty ingredient firm Frutarom to widen its overall margin performance in the third quarter.
Consumer goods company Dabur India has acquired Namasté Laboratories and its three subsidiary companies for $100m, marking Dabur’s entry into the ethnic hair care market in the US, Europe and Africa.
Speaking at the annual shareholders meeting, Estee Lauder CFO Fabrizio Fread says the company wants to grow its business by focusing on the Asian skin care market.
Flavours and fragrance giant Symrise has reported very strong sales growth in the first nine months of the year, driven by outstanding gains in emerging markets.
Ingredients player United Guardian has released financial results for the first nine months of the year that reveal personal care is the driving force behind its strong growth.
Beiersdorf reported solid group sales growth, driven by big gains for its industrial adhesives unit, Tesa, and more modest increases in its consumer products division.
Avon Products is selling its 74.7 percent stake in Avon Japan to affiliate TPG Capital as part of aims to focus the business on high value direct sales.
Unilever has announced a big rise in both net profit and turnover for the third quarter on the back of big gains from emerging markets and a solid performance from personal care.
Silicones specialist Dow Corning has reported above market average sales growth for its third quarter, but profits slide on the back of lower tax benefits.
Utah-based Nu Skin has announced a 15 percent increase in its fourth quarter sales, driven by the international roll out of its ageLOC anti-aging platform.
Avon Products reported above market average sales growth for the third quarter, a result that was driven by strong growth in new markets that helped to offset falling North American sales.
Shiseido says it will start selling its cosmetic brands in Colombia as part of plans first implemented at the beginning of this year to increase its global footprint.
All four of L’Oreal divisions have recorded strong growth in the first nine months of financial year 2010, reaffirming the strength of the company’s recovery.
During Procter & Gamble’s annual meeting, CEO Bob McDonald says his company’s growth plan is on track to achieve its target of five billion consumers in five years.
Restocking and the resulting rebound in fine fragrance sales helped fragrance and flavour manufacturer Firmenich record double digit sales growth for the year.
Germany-based flavour and fragrance provider Symrise has announced its first ever bond issue as a means of refinancing debt to increase cash flow and profitability.
PZ Cussons has announced the acquisition of sunless tanning brand St Tropez from the UK private equity group LDC, for £62.5m (€72.8m), in a push to enhance its ‘masstige’ brands.
The recession has served to emphasize both Procter & Gamble’s and Colgate-Palmolive’s ambitions to target emerging markets for future growth, latest financial reports find.