Financial News

  • IFF Reports Slight Drop in Sales

    August 1, 2012
    • International Flavors & Fragrances Inc. (IFF) posted a 1% drop in first quarter 2012 revenue to $711 million. “IFF continued to execute its strategy and generated results broadly in line with our expectation,” said IFF ch…

  • Sales Soar at Sealed Air

    August 1, 2012
    • Sealed Air Corporation reported sales increased 70% to $1.92 billion in the first quarter due, in large part to the Diversey acquisition, which contributed a 66% increase in sales. The first quarter gain was also helped along by a modest inc…

  • High Ridge Brands Acquires White Rain

    August 1, 2012
    • Brynwood Partners VII’s portfolio company High Ridge Brands Co. has signed a definitive agreement to acquire the rights to the White Rain personal care brand from Sun Products. Additionally, as part of the transaction, High Ridge Brand…

  • Sales Rise 14% in Q2 at CCA

    August 1, 2012
    • CCA Industries’ sales increased 14.2% to $14.7 million in the second quarter ended May 31, 2012. For the six months, sales increased 11.6% to nearly $28.4 million. “We are pleased to be reporting higher total revenues and net…

  • Physicians Formula’s Sales Rise 24%

    August 1, 2012
    • Physicians Formula Holdings, Inc. posted favorable financial results for the three months ended March 31, 2012. Net sales for the first quarter of 2012 rose 24% to $26.2 million. The net sales growth was driven by an increase in color cosmet…

  • TPR Acquires Cargo Cosmetics

    August 1, 2012
    • TPR Holdings has acquired a controlling interest in Cargo Cosmetics. TPR is a New York-based based investor and operator of beauty and consumer brands. TPR has also provided transition services for large consumer products companies inclu…

  • Burberry Buys Back Its Fragrance License

    August 1, 2012
    • Burberry will pay €181 million ($221.5 million at current exchange rates) to buy out the license rights for its fragrance and beauty products from Inter Parfums SA, effective Dec. 31. “To maintain flexibility in pursuing its ob…

  • Pershing Square Takes Stake in P&G

    August 1, 2012
    • Pershing Square Capital Management, a hedge fund led by CEO William Ackman, got cleared by the Federal Trade Commission to take a stake in Procter & Gamble, according to reports. Following the announcement, shares of P&G rose 4.4%…

  • Pershing Square Takes Stake in PG

    August 1, 2012
    Pershing Square Takes Stake in P&G

  • RBC Capital Markets Cuts RatingOn Procter & Gamble’s Stock

    June 29, 2012
    • RBC Capital Markets downgraded Procter & Gamble Co to “sector perform” from “outperform,” expressing doubts over the management’s ability to execute a recent plan to cut costs and drive growth for its key b…

  • Personal Care Sales Rise 8% To $2.4 Billion at K-C

    June 29, 2012
    • Kimberly-Clark Corporation’s first quarter sales rose 4% to $5.2 billion. In the personal care segment, sales increased 8% to $2.4 billion. Operating profit rose 3% to $399 million.…

  • Reckitt’s Focus on Big Brands Pays Off

    June 29, 2012
    • Reckitt Benckiser’s focus on its core “power brands” and emerging markets is working, as its Q1 sales rose 4%, slightly ahead of its 3.8% estimate. For the quarter, sales came in at $3.8 billion at current exchange rates.…

  • Q1 Sales Rise at Beiersdorf As Nivea Gains 10%

    June 29, 2012
    • Beiersdorf AG’s Q1 sales rose 6.9% to approximately $2 billion. Net income was flat at $157 million. Consumer product sales rose 6.8%. The performance is attributable to initial su…

  • Q1 Sales Rise at Beiersdorf As Nivea Gains 10

    Q1 Sales Rise at Beiersdorf As Nivea Gains 10

    June 29, 2012
    Q1 Sales Rise at Beiersdorf As Nivea Gains 10%

  • 2012 R&D Salary Survey

    2012 R&D Salary Survey

    Christine Esposito, Associate Editor||May 22, 2012
    For the third year in a row, the R&D members of the household and personal care industry provide information on their salaries and major concerns at work. See how your paycheck and opinions stack up.