Just one week after financial analysts reinforced a top credit
rating for leading Japanese cosmetic company Shiseido, the company
has posted a drop in profits as the domestic market wanes.
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.
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.
Two US specialty chemical players, Reilly Industries and Rutherford
Chemicals, have combined to form a new business focused on three
specific areas, including the personal care market.
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.
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...
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.
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.
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.
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.
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.
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.
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.
As Avon continues to make major cut backs, analysts and market
experts are being won over as the company's position starts to look
stronger following a difficult two year period.
BASF's hostile takeover bid for leading personal care supplier
Engelhard is looking more likely after it was acknowledged that the
Germany-based chemicals giant has been allowed to look at sections
of Engelhard's accounts.
A record financial year for LVMH Moet Hennessy Louis Vuitton, is
supported by a strong performance from the company's cosmetics and
fragrance operations, boosted by the Dior brand as well as an
increasing market share for its...
German cosmetic and toiletries giant Beiersdorf says it will be
realigning its Dutch and Swedish facilities as part of the second
stage of restructuring plans that aim to save €100m a year in
production costs.
Leading cosmetics and toiletries contract player Creative
Outsourcing Solutions International (Cosi) has secured an
investment restructuring plan that will help the company in its
ambitions to become one of the leading contract players...
German consumer goods group Henkel is aiming to strengthen its
cosmetic and toiletries operations with the purchase of Gillette's
Right Guard deodorant business in the US, a deal that forms part of
requirements to comply with...
German cosmetics giant and marketer of the Nivea brand, Beiersdorf,
says it is poised to grow organically, with the Asian and men's
personal care market likely areas for investment.
After months of speculation the UK's leading retailer has announced
it plans to enter the United States retail market through the
convenience sector, where its cosmetics and toiletries offerings
could give the edge on the competition.
Oriflame says that euro currency sales growth of 24 per cent in its
fourth quarter, ending in December - a strong end to a year marked
by restructuring and a major push into developing markets.
Playtex Products has posted a significant drop in its Q4 results,
hurt by charges and lost sales from smaller brands that it has sold
on as part of its plans to restructure.
Unilever sales grew by just 2 per cent in 2005, putting them in the
shadows as arch rival P&G takes the number one consumer goods
spot following last year's purchase of Gillette.
Direct sales giant Avon has reported a 36.7 per cent drop in its Q4
income as it tackles fierce competition and rising costs. The
disappointing results coincide with the decision to pull out of the
Indonesia market, which also knocked...
An increase in sales of 11 per cent at LVMH over the course of 2005
was let down by relatively subdued activity at the luxury goods
maker's cosmetic and fragrance division.
German personal care giant Beiersdorf says it wants to achieve a
5.5 per cent of the global market for personal care products by the
year 2010 and will be particularly looking to the markets of China,
India, Brazil and Russia to help...
BASF's hostile takeover bid on leading personal care supplier looks
set to be a rocky road, with Engelhard executives warning
stockholders to be cautious over the offer and investors suggesting
that the bid will have to be raised...
Despite tough market conditions, particularly in the all-important
German market, Beiersdorf says its preliminary year-end results
indicate sales growth of 5.1 per cent, while profit after tax rose
by 7 per cent.
Rio Tinto, a leading Anglo-Australian mineral producer, has
announced that it will consolidate three of its subsidiaries,
including talc producer Luzenac, with two other subsidiaries to
form Rio Tinto Minerals.
In Japan the long drawn-out bidding war for the cosmetics arm of
consumer giant Kanebo has come to an end after Kao sealed a deal
totalling ¥410 billion (€2.93bn), taking it a notch or two up in
the global cosmetic stakes.
Avon has made changes to its global management structure that
reflect the importance of its key growth areas of Eastern Europe
and China, as markets in Western Europe and the US continue to
suffer from a prolonged period of stagnation.
The battle for Japaneseconsumer giant Kanebo and its cosmetics
division has been narrowed down to three players that include
Japanese personal care giant Kao, and investment groups that
include European and US companies.
Global packaging provider Rexam is expanding its US business,
announcing this week that it is set to acquire plastic packaging
firm Precise Technology- a move that will expand its capabilities
in both the beauty and food categories.
Despite the lull in its domestic market, German personal care
player Beiersdorf has revealed steady results for the first nine
months of the year, prompting the company to increase its
expectations for full year sales.
Leading Japanese cosmetic producer has posted stronger than
expected nine month results, putting it in a better position as it
gears up for a final tender in early December.
Revlon's ambition to inject greater dynamism in its brand portfolio
has resulted in a drop in its third quarter sales. A heavy
investment in the Almay brand combined with a fall in product
shipping in the US market adds to the...
Direct sales giant Avon has posted a seven percent drop in its
third quarter net profit. A continued lull in US sales was further
exacerbated by the impact of increasing fuel costs due to Hurrican
Katrina - a problem that the company...
Kimberly-Clark has reported that its price rises have helped to
off-set soaring energy and raw material costs, allowing it to meet
market expectations for the third quarter.
Procter & Gamble will become the biggest player in the UK
cosmetic and toiletry markers once its merger with Gillette is
complete, over-taking current market leader Unilever. But it may
not be a smooth path ahead, a market report...
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