Luxury perfumeries and cosmetics chain Marionnaud has announced plans to lay-off around 700 employees in France, owing to the “very difficult current economic context”.
Robert McDonald is set to take over from A.G. Lafley as the new CEO of Procter & Gamble, according to a report in the Monday edition of The Wall Street Journal.
Amid celebrations for L’Oreal’s 100th birthday, chief executive Jean-Paul Agon told reporters in Paris that the sales environment would improve over the coming quarters.
One of the leading global suppliers of CoQ10 – Japan’s Asahi Kasei Pharma – has said it is exiting the market by the end of the year, citing “continuing unprofitability”.
L’Oreal reported flat first quarter sales but differences between divisions were marked with luxury and professional product sales being the hardest hit.
Lipid Nutrition has launched a branded version of rising vitamin E form, tocotrienol, which a growing body of science is backing as one of the most powerful in antioxidant payload.
LVMH group reported flat reported sales for its first quarter, despite the performance of its perfumes and fragrance division taking a considerable hit.
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.
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.
Avon says its newly expanded restructuring plan should see the company’s workforce shrink by up to 3,000, while the number of sales representatives is set to rise.
International Flavors and Fragrances has announced a new head of global fragrance research, charged with driving innovation and profitability within the division.
Amongst the economic doom and gloom Anglo-Dutch personal and household care provider Reckitt Benckiser has posted strong sales growth backed up by impressive profits.
A combination of good product diversity, further boosted by strong personal care sales helped give LVMH a solid performance during the fourth quarter and 2008.
The Anglo-Dutch consumer goods maker has announced strong results on the back of the sale of food operations and increased selling prices during its fourth quarter.
France-based Rhodia has acquired the US McIntyre Group to build on its presence in the personal care and oil surfactant categories as a means of maintaining growth.
Procter & Gamble continues to extend its lead in the list of the top ten publicly traded global personal care players, according to their performances in 2007.
Good performance from Nivea helped keep Beiersdorf’s results up although costs relating to its Chinese operations may affect profits before the year is out.
British health and beauty player Boots Alliance says that preliminary results for the first six months of the year ending in September show sales up 11.7 per cent.
Shiseido has upped its profit forecast for the first half of the year but the company warned that business conditions will be tougher in future quarters.
Swallowfield has unveiled its new Paris operation, which it says forms part of its plan to expand beyond the domestic UK market and into the international arena.
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