Financial News
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Swander Pace To AcquirePhysicians Formula
• Physicians Formula Holdings, Inc. and Swander Pace Capital have entered into a definitive merger agreement under which affiliates of Swander Pace will acquire Physicians Formula, the maker of a range of skin care products. Under the terms…08.31.12
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Sales Jump 14% in Q2 at CCA
• CCA Industries’ sales increased 14.2% to $14.7 million in the second quarter ended May 31, 2012. The company reported net income of $302,100, compared to a loss of $247,268 a year ago. For the six months, sales increased 11.6% to nearl…08.31.12
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Pershing Square Takes Stake in P&G
• 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%…08.01.12
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Burberry Buys Back Its Fragrance License
• 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…08.01.12
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TPR Acquires Cargo Cosmetics
• 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…08.01.12
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Physicians Formula’s Sales Rise 24%
• 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…08.01.12
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Sales Rise 14% in Q2 at CCA
• 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…08.01.12
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High Ridge Brands Acquires White Rain
• 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…08.01.12
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Sales Soar at Sealed Air
• 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…08.01.12
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IFF Reports Slight Drop in Sales
• 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…08.01.12
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Q1 Sales Rise at Beiersdorf As Nivea Gains 10
Q1 Sales Rise at Beiersdorf As Nivea Gains 10%06.29.12
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Q1 Sales Rise at Beiersdorf As Nivea Gains 10%
• 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…06.29.12
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Reckitt’s Focus on Big Brands Pays Off
• 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.…06.29.12
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Personal Care Sales Rise 8% To $2.4 Billion at K-C
• 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.…06.29.12
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RBC Capital Markets Cuts RatingOn Procter & Gamble’s Stock
• 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…06.29.12
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AP/Deo | Color Cosmetics | Fine Fragrance | Hair Care | Oral Care | OTC/Medicated | Personal Cleansers | Skin Care | Sun Care
2012 R&D Salary Survey
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.Christine Esposito, Associate Editor 05.22.12
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Coty Bids for Avon
• Coty Inc. made an unsolicited $10 billion bid for Avon Products last month, which was promptly rejected by the board of the world’s biggest direct selling company. A wounded Avon became a target after several years of lackluster resu…04.30.12
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Profits Rise at Symrise for 2011
Symrise AG’s fiscal 2011 net profits rose 9.7% to $204 million due to the effects of refinancing completed in 2010 and the corresponding reduction in financing expenses, according to reports. For the year, company sales rose 0.7% to $2.21 bi…04.30.12
