Financial News

  • P&G Is Designed to Grow, Lafley Tells Shareholders

    November 2, 2007
    Chairman of the board and chief executive officer, A.G. Lafley, updated Procter & Gamble shareholders at the annual meeting on Oct. 9. Mr. Lafley said, “P&G is a company designed to grow for the short, mid and long term—consistent…


  • Blyth Reaffirms 2008 Outlook

    October 3, 2007
    Blyth, Inc., a marketer of home fragrance products, confirmed its outlook for fiscal year 2008. Commenting on the company’s full-year projections, Robert B. Goergen, chief executive officer, said, “We anticipate continued gross margin imp…


  • Shiseido To Sell Zirh And Corduroy Brands

    October 3, 2007
    Shiseido Co. Ltd. has entered into an agreement to sell the Zirh men’s skin care and fragrance brand and Corduroy men’s fragrance brand, currently marketed by Zirh International Corp. a wholly-owned subsidiary, to a group of private inves…


  • Cognis Announces Sales Rise, Financing Costs Fall

    October 3, 2007
    In the first six months of 2007, global specialty chemicals company Cognis increased its net external sales by 6.2% to $2.4 billion. Currency effects reduced sales growth to 3.5%, according to the company in a press statement. The operating resu…


  • Pentapharm Holding Ltd. Is Now Owned by DSM

    October 3, 2007
    DSM Nutritional Product’s acquisition of Pentapharm Holding Ltd. has been completed. The deal fits well into DSM’s Vision 2010 strategy to focus on accelerating and innovative growth and also allows Pentapharm to sustain and exceed its de…


  • Avon Reports 14% Gain In Second Quarter Sales

    September 11, 2007
    Avon Products, Inc. reported that second-quarter 2007 total revenue grew 12% year over year (7% in local currency) to $2.3 billion. Sales of beauty products rose 14%, per the report. Sales of beauty products recorded double-digit growth for a fourth…


  • Hain Celestial To Acquire Tender Care Company

    September 11, 2007
    The Hain Celestial Group, Inc., a natural and organic personal care products company, announced the signing of a letter of intent to acquire TenderCare International Inc., a Wisconsin-based marketer and distributor of chlorine-free and gel-free natur…


  • Inter Parfums Acquires Rights For Lanvin Personal Care

    September 11, 2007
    ­Inter Parfums, Inc. announced that its 72% owned subsidiary, Inter Parfums SA, acquired the worldwide rights to the Lanvin brand names and international trademarks from Lanvin. The trademarks goods and services include soaps, perfumery, essenti…


  • Procter & Gambles Sales Jump 12% to $76.5 Billion

    September 11, 2007
    The Procter & Gamble Company said sales rose 12% to $76.5 billion for the year ended June 30. Sales rose 9% on volume growth, including the impact of an additional three months of Gillette in fiscal 2007. Growth was driven by initiative activity…


  • Parlux Solves Nasdaq Issue

    August 6, 2007
    Parlux Fragrances, Inc., Fort Lauderdale, FL rectified its filing delinquency with The Nasdaq Stock Market. On July 2, Parlux received a Nasdaq Staff Determination Letter notifying it that its failure to timely file its annual report on Form 10-K…


  • Berner Named VP At Bare Escentuals

    August 6, 2007
    Bare Escentuals, Inc. announced that Karen Barner has been appointed to the newly-created position of senior vice president of the company’s direct to consumer business. Ms. Barner joins Bare Escentuals after a 13-year career at Guthy-Renker…


  • P&G Announces Expansion In Greensboro

    August 6, 2007
    Procter & Gamble (P&G) will expand in Greensboro, N.C. investing $19 million and creating 25 new jobs. The decision means that consumer-goods giant P&G will produce a new antiperspirant in the Triad, which was competing with another P&…


  • Playtex To Be Acquired By Energizer Holdings

    August 6, 2007
    Consumer products companies Energizer Holdings, Inc. and Playtex Products, Inc. announced the signing of a definitive agreement by which Energizer will acquire Playtex for $18.30 per share in cash plus the assumption of Playtex debt. Total enterprise…


  • Cognis Reports Rise In Sales for First Quarter

    July 12, 2007
    ­Global specialty chemicals company Cognis reported first quarter sales rose 1.7% to $1.1 billion. On organic terms, excluding foreign currency effects and effects of acquisitions of Cosmetic Rheologies (March 2006) and Napro Pharma (May 2006), s…


  • Despite Toothpaste Woes, Analysts Like Colgate

    July 12, 2007
    Colgate-Palmolive made headlines last month when several counterfeit tubes of toothpaste were found to contain diethylene glycol, a sweet-tasting, but potentially dangerous chemical. Despite the bad PR, Morgan Stanley upgraded Colgate to Overweigh…