Financial News

  • Church & Dwight Buys Del Labs for $380 Million

    May 5, 2008
    Church & Dwight Co., Inc. will acquire the Del Pharmaceuticals, Inc. business for $380 million in cash from Coty Inc. The transaction, which is subject to regulatory approval and other customary conditions, is expected to close in July. Del Ph…


  • K-C to Aquire Remaining Interest In South African Afiliate

    April 3, 2008
    Kimberly-Clark Corporation (K-C) announced it has reached an agreement to purchase the remaining stake in its South African subsidiary, Kimberly-Clark of South Africa (K-CSA), from The Lion Match Company (Proprietary) Limited, a wholly-owned subsidia…


  • Palomar and P&G Enter New License Agreement

    April 3, 2008
    Researcher and developer of light-based systems for cosmetic treatment Palomar Medical Technologies, Inc. has entered into a non-exclusive license agreement with Procter & Gamble (P&G) regarding home-use, light-based hair removal devices for…


  • Henkel to Divest Stake in Ecolab

    April 3, 2008
    Henkel will divest of all or part of its stake in Ecolab Inc., St. Paul, MN. According to Henkel, no final decision was made at press time as to the size, timing and method of such a divestiture, which would be carried out in accordance with th…


  • Revlon Reports Better Results

    April 3, 2008
    Revlon, Inc. released its results for the fourth quarter and full year ended Dec. 31, 2007. Revlon’s fourth quarter sales increased 1.0% to $382.6 million. However, in the U.S., net sales in the fourth quarter of 2007 decreased 5.0% to $215.…


  • Regis Completes Acquisition Of PureBeauty and BeautyFirst

    April 3, 2008
    Regis Corporation has completed the acquisition of the PureBeauty and BeautyFirst salon operations, consisting of 63 company-owned locations and 51 franchise locations operating in 20 states with consolidated annual revenues of approximately $65 mill…


  • Unilever Combines Foods With Home & Personal Care

    April 3, 2008
    Unilever announced a number of changes to simplify its structure in support of the company’s growth agenda. Building on the success of its One Unilever program, the company now intends to go further by combining home and personal care and foods…


  • Business Is Booming At Bare Escentuals

    April 3, 2008
    Mineral makeup giant Bare Escentuals, Inc.’s net sales for the fourth quarter of fiscal 2007 soared 31% to $144.6 million. Net income was $27 million. For the year that ended Dec. 30, 2007, sales rose 30% to $511 million, while net income j…


  • Rise in Second Quarter Sales At Procter & Gamble

    March 4, 2008
    The Procter & Gamble Company reported net sales growth of 9% to $21.6 billion for the second quarter. Net earnings grew 14 % to $3.3 billion. According to the company, sales were up behind strong volume growth from continued success on key pro…


  • Guthy-Renker Acquires Scalp Med Restoration System

    March 4, 2008
    Direct response television company Guthy-Renker announced that it has acquired Scalp Med, a hair restoration system for men and women from Modern Health Labs, Inc. The deal closed in December. Guthy-Renker will manage all aspects of marketing and dis…


  • Second Quarter Boost At Elizabeth Arden

    March 4, 2008
    Elizabeth Arden, Inc. announced financial results for the second fiscal quarter and six months ended Dec. 31, 2007. For the second quarter, net sales increased 2.8% to $422.4 million for the three months ended Dec. 31, 2007. According to the compa…


  • Colgate-Palmolive Posts Strong Fourth Quarter

    March 4, 2008
    Colgate-Palmolive Company reported a rise in worldwide sales and unit volume growth together with higher than expected earnings growth for fourth quarter 2007. Worldwide sales grew 13.5% to $3.6 billion and unit volume grew 5.0%, as reported. Ex…


  • Coty Brands Boost Ascendia's Third Quarter

    February 7, 2008
    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…


  • Inter Parfums Provides Latest Initial Guidance

    February 7, 2008
    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…


  • Clorox Predicts Growth for 2008 With Recent Acquisitions

    February 7, 2008
    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…