Financial News

  • Robert af Jochnick Takes Bigger Stake in Oriflame

    February 13, 2013
    • Robert af Jochnick, Oriflame’s chairman, has acquired 50,000 shares in Oriflame Cosmetics S.A., increasing his holding to approximately 6.5% of the votes and capital in the company. Founded in 1967 by two brothers and their friend, Orif…


  • Personal Care Sales Flat At Helen of Troy

    February 13, 2013
    • Helen of Troy Limited posted a 10.6% rise in total sales to $374.6 million for the third quarter of fiscal 2013. The increase was attributable to higher sales in the health care segment, driven by sales increase from the acquisition of the Pur…


  • First Quarter Sales Get Clipped At Regis Corporation

    February 13, 2013
    • For the first quarter of 2013, Regis Corporation reported that net sales fell 4.9% to $505.4 million. Same store sales declined 3.1%, while same store transaction counts for salon businesses declined 2.3%. “First quarter results are ind…


  • Parlux Enters Deal With Kenneth Cole

    February 13, 2013
    • Kenneth Cole Productions Inc. has entered into a new licensing agreement with Parlux Ltd., effective Jan. 1, 2013. With more than 20 years experience in marketing and developing fragrance brands, the collaboration marks the beginning of a new…


  • Gains Across the BoardFor Ulta Beauty

    February 13, 2013
    • Ulta Beauty said third quarter sales increased 22.4% to $505.6 million. Comparable store sales (sales for stores open at least 14 months) increased 8.4%, while operating income increased 38.6% to $61.3 million. Net income increased 42.5% to $3…


  • Inter Parfums Signs Deal with Dunhill

    February 13, 2013
    • Inter Parfums, Inc. has entered into a 10-year exclusive worldwide fragrance license to create, produce and distribute perfumes and fragrance-related products under the Alfred Dunhill Limited brand. The agreement commences on April 3, 2013 and…


  • TCP Invests in Laura Geller

    February 13, 2013
    • Prestige color cosmetics brand Laura Geller Beauty, big at Ulta stores and on QVC, partnered with Tengram Capital Partners, LLC, (TCP), a Connecticut-based private equity firm to expand the business. The company is best known as a pioneer of t…


  • Reckitt Benckiser Acquires Schiff Nutrition for $1.4B

    February 13, 2013
    • Reckitt Benckiser Group PLC acquired all of the outstanding shares of Schiff Nutrition International, Inc., a leading provider of branded vitamins, nutrition supplements and nutrition bars in the US and elsewhere, for $42 a share in cash, or a…


  • Procter & Gamble’s Q2 Gains cheered by Wall Street

    February 13, 2013
    • Take that, Bill Ackman! The Procter & Gamble Company (P&G) reported a 2% rise in net sales to $22.2 billion for its fiscal second quarter. The result was cheered on Wall Street, which sent share prices up more than 3% when it was ann…


  • Sales Rise 4.8% At Revlon

    January 29, 2013
    Revlon, Inc. posted results for the third quarter ended Sept. 30, 2012. Net sales rose 4.8% to $347.0 million. Revlon president and CEO Alan T. Ennis said, “In the third quarter, we continued to execute our strategy of profitably growing our b…


  • Yankee Candle Posts Gains In Q3 and Nine Months

    January 29, 2013
    Yankee Holding Corp. and The Yankee Candle Company, Inc. posted favorable financial results for the third quarter ended Sept. 29, 2012.Sales rose 3.4% to $201.7 million. Retail sales increased 9.7% to $93.1 million, while sales from the wholesale seg…


  • Sales Rise 13.5% at Elizabeth Arden

    January 29, 2013
    Elizabeth Arden’s net sales rose 13.5% to $344.5 million for the first quarter ended Sept. 30, 2012. Net sales for the company’s international segment increased 2.2%, while net sales in the company’s North America segment grew 20.0%…


  • Estée Lauder Reports Q1 Performance

    January 23, 2013
    The Estée Lauder Companies Inc. reported a solid financial performance for its first quarter ended Sept. 30, 2012, with net sales rising 3% to $2.5 billion. “In this new fiscal year, we continue to be guided by our winning strategy and c…


  • Not a Pretty Quarter for Avon

    January 23, 2013
    “Avon’s third-quarter results remain disappointing,” said Sheri McCoy, CEO, on release of the company’s performance. “The challenges that Avon faces developed over time, not overnight, and it will take time to implement…


  • Looking Good At CCA Industries

    January 23, 2013
    CCA Industries, Inc. posted favorable results for the third quarter ended Aug. 31, 2012. The company reported a 14.5% increase in total revenues to $14 million for the quarter; for the nine months, revenues jumped 12.5% to $42.4 million. “The…