Financial News


  • Clorox Predicts Growth for 2008 With Recent Acquisitions

    For fiscal year 2008, Clorox continues to anticipate sales growth of 3-5% across all of its brands. According to the company, the business boost includes the anticipated benefit of recently acquired bleach businesses. The figure was not calculated to…
    02.07.08

  • Inter Parfums Provides Latest Initial Guidance

    Inter Parfums, Inc. announced its initial guidance for 2008. Management is projecting 2008 net sales of approximately $437 million, or about 15.6% ahead of 2007’s guidance of $378 million. Jean Madar, chairman and CEO of Inter Parfums, note…
    02.07.08

  • Coty Brands Boost Ascendia's Third Quarter

    Ascendia Brands, Inc. reported preliminary operating results for its 13 weeks that ended Nov. 24, 2007. Consolidated net sales increased by $32.7 million—from $24.5 million to $57.2 million. The Calgon and The Healing Garden brands—acquir…
    02.07.08

  • Coty Boosts Its Beauty Portfolio with Del Labs

    Coty Inc. will acquire DLI Holding Corp. and its subsidiaries. DLI Holding is the parent company of Del Laboratories, Inc. At press time, a purchase price was not disclosed. Under the terms of the agreement, all operations of DLI Holding Corp. wil…
    01.04.08

  • Revlon Reports Third Quarter Results

    Revlon, Inc.’s U.S. net sales rose 19.7% to $190.9 million in the third quarter. In the company’s international operations, net sales in the third quarter of 2007 increased 1.6% to $148.8 million. The total in net sales increased to $339.…
    01.04.08

  • Bare Escentuals Director Joins Company Audit Committee

    Kristina Leslie has been appointed as an independent member of the Bare Escentuals board, effective Nov. 27, 2007. Ms. Leslie was also appointed to the board’s audit committee. Ms. Leslie brings over 15 years of private and public company s…
    01.04.08

  • Inter Parfums Strikes Deal With Brooks Brothers Company

    Inter Parfums, Inc. and clothier Brooks Brothers have entered into an exclusive agreement covering the design, manufacture and supply of personal care products for men and women to be sold at Brooks Brothers locations in the U.S. as well as a licensi…
    01.04.08

  • Profit Boost at Henkel in 3Q

    Henkel reported sales of $4.9 billion, an increase of 3% above the level of the prior-year period. Laundry and home care posted 4.3% in organic growth, while cosmetics and toiletries continued its positive trend, achieving a 7.3% increase.…
    01.04.08

  • Minerals Boom Profitable For Physicians Formula

    Physicians Formula Holdings, Inc. reported net sales for the first nine months of 2007 at $77.6 million, an increase of 12.6%. Gross sales for the first nine months of 2007 were $112.4 million, an increase of 23.1%. Net sales for the third quarter…
    01.04.08

  • VMG Partners Invests In Colorescience Minerals

    VMG Partners, a private equity firm based in San Francisco, CA, has made an equity investment in luxury mineral makeup brand, Colorescience. The partnership will bring financing and brand building power to the cosmetic line established in 2000. Ac…
    01.04.08

  • Parfum dImage To Acquire Latitudes International

    The Parfum d’image Group, through its American subsidiary Parfum d’image Inc., has agreed to acquire a 100% stake in the Los Angeles-based Latitudes International Fragrance. Founded in 1994 by Jill Belasco, its current chairman and CE…
    01.04.08

  • Elizabeth Arden Announces First Quarter 2008 Results

    Elizabeth Arden, Inc. reported sales increased 6.7% to $271.8 million for the first quarter that ended Sept. 30, 2007. Net sales growth was driven by the global launch of the M by Mariah Carey fragrance, increased sales of prestige fragrances to U.S…
    01.04.08

  • Hain Celestial Sees Rise In Sales for First Quarter

    The Hain Celestial Group, Inc. reported first quarter sales rose 13% to $237.2 million. Net income for the first quarter, which ended Sept. 30, 2007, was $10.8 million, a 22% increase.…
    01.04.08

  • Blyth Adjusts Its 2008 Financial Outlook

    Blyth, Inc. increased its outlook for fiscal year 2008. Management increased its expectations for cash flow from operations to be in excess of $90 million for fiscal year 2008 versus prior guidance of cash flow from operations in excess of $85 millio…
    01.04.08

  • Beauty Sales Up at Ulta

    Ulta Salon, Cosmetics & Fragrance, Inc. announced net sales increased 25.4% to $208.2 million in the third quarter. Operating income increased 13.2% to $8 million, while net income rose 16.3% to $4.2 million. According to the company, a 6.7% c…
    01.04.08

  • Clorox Acquires Burts Bees

    The Clorox Company of Oakland, CA announced it will acquire Burt’s Bees, a leader in the natural personal care category founded in 1984, for $925 million. According to Clorox, the acquisition of Burt’s Bees is strongly aligned with the…
    12.04.07

  • Alberto-Culver Reports Strong Fourth Quarter

    Alberto-Culver Company, a manufacturer and marketer of personal care products including TreSemme, Alberto VO5, Nexxus and St. Ives, announced strong sales and earnings results from continuing operations for its fourth quarter and fiscal year 2007.…
    12.04.07

  • Southern Cosmetics Announces Reverse Merger for Companies

    Signature Leisure, Inc. announced that Revenge Designs, LLC and Southern Cosmetics, Inc. completed a reverse merger transaction whereby Revenge’s business assets and operations are now within the public company Southern Cosmetics, Inc. that tra…
    12.04.07

  • P&G Reports 8% Sales Boost

    Procter & Gamble’s fiscal first quarterrose 8% to $20.2 billion. Every reportable segment delivered mid-single digit or higher sales growth. The fabric and home care, baby and family care and grooming segments led the growth behind continue…
    12.04.07

  • Beauty Sales Up at Avon

    Avon Products, Inc. reported that its third-quarter total revenue grew 14% to $2.3 billion with all six operating regions contributing to the company’s revenue growth. Sales of beauty products rose 16%, while units sold increased 8%. Net in…
    12.04.07