Financial News

  • 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…

  • 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.

  • Coty Bids for Avon

    April 30, 2012
    Coty Bids for Avon

  • Coty Bids for Avon

    April 30, 2012
    • 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…

  • Profits Rise at Symrise for 2011

    April 30, 2012
    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…

  • Sales Increase 3% At Physicians Formula

    April 30, 2012
    Physicians Formula Holdings reported 2011 sales rose 3.1% to $80.9 million. The gain was driven by an increase in gross sales of color cosmetics, launch of the skin care line and a reduction to the returns provision. The company also stated tha…

  • Group Sales Maintained At Beiersdorf for Year

    April 30, 2012
    Beiersdorf Group’s sales for fiscal year 2011 rose 1.1% to $7.3 billion. The consumer business segment’s sales increased 1.1% to $6.1 billion. The company’s three global skin care brands, Nivea, Eucerin and La Prairie, all contrib…

  • Henkel Eyes Cuts After Q4 Slump

    April 30, 2012
    In an effort to boost profit margins, Henkel says it will embark on a campaign to cut costs and boost its profit margins after fourth-quarter results came in below expectations. “Henkel intends to further adapt its structures to the consta…

  • Annual Sales Climb 7% For Yankee Candle

    April 30, 2012
    Yankee Holding Corp. and The Yankee Candle Company, Inc. posted favorable financial results for the full year and fourth quarter ended Dec. 31, 2011. Sales for the fourth quarter of 2011 rose 8.6% to $316.6 million.Retail sales increased 7.5% t…

  • Q4, Fiscal 2011 Gains At Inter Parfums

    April 30, 2012
    Inter Parfums, Inc. said 2011 sales increased 34% to a record $615.2 million from the prior year. Net income attributable to Inter Parfums, Inc. rose 21% to a record $32.3 million. For the fourth quarter, net sales rose 68% to $189.1 million. Eu…

  • Year of Growth at Ulta

    April 30, 2012
    Ulta’s sales for the year ended Jan. 28, 2012, increased 22.1% to $1.8 billion. Comparable store sales (sales for stores open at least 14 months) increased 10.9%, while operating income increased 65.0% to $196.2 million. Net income increased…

  • Global Repositioning Successful at Arden

    April 30, 2012
    Elizabeth Arden, Inc. posted financial results for its second fiscal quarter and six months ended Dec. 31, 2011. Net sales climbed 6% to $429.9 million. For the company’s international business, net sales increased 9.4%. Sales growth was high…

  • BASF Bets on Allylix Inc.

    April 2, 2012
    BASF Bets on Allylix Inc.

  • PGs Q2 Results Are Less Than Stellar

    March 2, 2012
    P&G’s Q2 Results Are Less Than Stellar

  • L’Oréal Completes Pacific Bioscience Acquisition

    February 13, 2012
    L’Oréal Completes Pacific Bioscience Acquisition