Financial News

  • Novozymes Sales Rise 7% in 2012

    April 4, 2013
    • Novozymes’s 2012 sales rose 7% to more than $2.0 billion, the company reported. Net profit rose 10% to nearly $360 million. This year, the company expects organic sales growth of 5-8%. “We delivered strong earnings growth and reco…


  • Spectrum Invests In Shaser Bioscience

    April 4, 2013
    • Spectrum Brands Holdings, Inc. acquired a 56% interest in Shaser Bioscience, Inc., a privately-held global technology company that develops energy-based, aesthetic dermatological platforms for home use devices, for $50 million in cash. Accord…


  • Gains at L’Occitane

    April 4, 2013
    • L’Occitane International S.A., a global, natural and organic ingredient-based cosmetics and well-being products manufacturer and retailer, posted a 21.9% increase in sales to $582 million for the six months ended Sept. 30, 2012. The gain…


  • KitoZyme Lands More Funding

    April 4, 2013
    • KitoZyme has finalized a €9 million capital increase. The issue of new shares was reserved for and entirely underwritten by the company’s two main shareholders: Valois (Mestdagh Group and Montulet family) and SRIW, the Wallonia Regi…


  • US Economy Expanded in Q4

    April 4, 2013
    Here’s hoping that red ink is erasable. The US economy actually grew in the fourth quarter of 2012—but just barely—instead of contracting for the first time in three and a half years, according to the Commerce Department. The U…


  • Unilever Posts Double-Digit Gains

    March 14, 2013
    • Once again, Unilever showed that it knows a thing or two about selling shampoo and soap bars in emerging markets. Led by sales gains in India, Brazil and other growth countries, the company reported 2012 sales rose 10.5% to €51.3 billion…


  • Nu Skin’s Revenues Rise

    March 14, 2013
    • Nu Skin Enterprises, Inc. said fourth quarter sales jumped 19% to a record $588.2 million. Revenue in the Americas improved 4% to $80.1 million. “We are pleased with our solid fourth-quarter results and believe 2013 will be another reco…


  • Sales Rise 7% at Estée Lauder

    March 14, 2013
    • The Estée Lauder Companies Inc. reported net sales for its second quarter ended Dec. 31, 2012 rose 7% to $2.93 billion. For the six months ended Dec. 31, 2012, the company reported a 5% increase in net sales to $5.48 billion. Net sales…


  • Inter Parfums Issues Guidance

    March 14, 2013
    • Inter Parfums, Inc. released its initial guidance for 2013, which calls for net sales of approximately $460.0 million and net income attributable to Inter Parfums, Inc. of approximately $26.4 million. The guidance assumes the dollar remains at…


  • Sales Jump at L’Oréal

    March 14, 2013
    • L’Oréal posted sales of $28.8 billion last year, a gain of 10.4%. Net income increased 15.1% to $3.8 billion. The company noted that 2012 was a milestone year as new markets became the No. 1 geographic zone. By division, professi…


  • A Challenging Year for Avon

    March 14, 2013
    • Avon Products, Inc. posted fourth -quarter and full-year 2012 results for the year ended Dec. 31, 2012. For the fourth quarter, total revenue decreased 1% to $3.0 billion. Total units grew 2% and price/mix decreased 1% during the quarter. Acti…


  • Net Sales at Revlon Rise 3.2% for 2012

    March 14, 2013
    • Revlon, Inc. posted results for the year and the fourth quarter ended Dec. 31, 2012. For the year, net sales rose 3.2% to $1.4 billion. The increase was primarily driven by higher net sales of Revlon color cosmetics, Revlon ColorSilk hair colo…


  • Q4 Sales Rise 2.5% At Colgate-Palmolive

    March 14, 2013
    • Colgate-Palmolive Company posted a 2.5% increase in worldwide net sales to $4.3 billion in the fourth quarter 2012. Global unit volume grew 1.5%, pricing increased 2.5% and foreign exchange was negative 1.5%. Net income rose 6% to $671 milli…


  • 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…


  • 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…