For some, having a strong year in such a difficult climate may be an excuse to take it easy, but not for beauty behemoth L’Oréal as CEO Jean-Paul Agon announced the company are open to acquisitions to further strengthen this year.
Direct sales cosmetic and skin care player Nu Skin has announced a big rise in its quarterly revenues on the back of record revenues in Latin America and Asia.
Switzerland-based specialty chemicals players Clariant has announced a big jump in 2Q sales, boosted by the strength of the US dollar against European currencies and weaker 2009 comparisons.
L’Oreal has proved it is well and truly on the road to recovery after posting double digit second quarter growth on the back of a particularly strong performance in developing markets.
Direct sales player Oriflame has announced a big increase in local sales for its second quarter, but the negative impact of currency exchange hits profits.
Henkel has reported a positive sales increase for its cosmetics and
toiletries sector although sales in North America have suffered
across all divisions.
New Jersey-based International Flavors and Fragrances has reported
a strong increase in its third quarter sales driven by its flavors
division, but profits are hit by administration charges.
Direct sales player Oriflame has announced a significant drop in
its first quarterly profits despite a healthy increase in sales.
The results reflect last year's IPO and refinancing expenses,
reports Simon Pitman.
Estee Lauder has reported a strong first quarter, with profits
rising 23 per cent to $95 million. And like the rash of other
cosmetics companies posting good results in the last week, it is
the international markets outside of the...