Financial News

  • L'Oréal To Boost Luxury Division with YSL Beauté

    February 7, 2008
    L'Oréal will acquire the shares of YSL Beauté Holdings, including the Roger & Gallet brand, for $1.69 billion. Under terms of the deal, L’Oréal obtains an exclusive and very long-term worldwide license for the use o…


  • Beauty Sales Up at Ulta

    January 4, 2008
    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…


  • Blyth Adjusts Its 2008 Financial Outlook

    January 4, 2008
    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…


  • Hain Celestial Sees Rise In Sales for First Quarter

    January 4, 2008
    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.…


  • Elizabeth Arden Announces First Quarter 2008 Results

    January 4, 2008
    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…


  • Parfum dImage To Acquire Latitudes International

    January 4, 2008
    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…


  • VMG Partners Invests In Colorescience Minerals

    January 4, 2008
    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…


  • Minerals Boom Profitable For Physicians Formula

    January 4, 2008
    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…


  • Profit Boost at Henkel in 3Q

    January 4, 2008
    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.…


  • Inter Parfums Strikes Deal With Brooks Brothers Company

    January 4, 2008
    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…


  • Bare Escentuals Director Joins Company Audit Committee

    January 4, 2008
    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…


  • Revlon Reports Third Quarter Results

    January 4, 2008
    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.…


  • Coty Boosts Its Beauty Portfolio with Del Labs

    January 4, 2008
    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…


  • Bare Escentuals Reports Positive Third Quarter

    December 4, 2007
    Bare Escentuals, Inc., San Francisco, announced its financial results for the third fiscal quarter and nine months ended Sept. 30, 2007. Net sales for the third quarter rose 29.3% to $126.6 million. Net income surged more than 100% to $20.5 million.…


  • Third Quarter Strong at Colgate

    December 4, 2007
    The Colgate Palmolive Company announced an increase in worldwide sales and unit volume together with double-digit earnings growth for third quarter 2007. Worldwide sales grew 12% to $3.5 billion. Operating profit increased 22% versus the third qu…