Financial News
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Valeant To Acquire Obagi
May 3, 2013
• Valeant Pharmaceuticals International Inc. has entered into an agreement to acquire Obagi Medical Products Inc. According to reports, Valeant will acquire all the outstanding common stock of Obagi for $19.75 a share in cash, or $360 million.…
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Net Sales Rise 7.4% At Yankee Candle
April 4, 2013
• Yankee Holding Corp. and The Yankee Candle Company, Inc. posted financial results for the fourth quarter and full year ended Dec. 29, 2012. For the year ended Dec. 29, 2012, total company net sales increased 7.4% to $844.2 million. Retail sal…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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