Financial News

  • Hain Celestial Expands With Yeo Hiap Seng Limited

    June 11, 2007
    The Hain Celestial Group, Inc., a natural and organic personal care products company, announced the expansion of the investment agreements between Hain Celestial and Yeo Hiap Seng (YHS) Limited and its subsidiary. The company’s plan to excha…


  • LOral Expands Hair Care Empire with PureOlogy

    June 11, 2007
    L’Oréal USA recently announced that it has acquired PureOlogy Research LLC, a luxury American brand sold through hairdressers in the professional hair care market. PureOlogy’s sales in the past 12 months were $57 million. Based…


  • Soap Sellers Target Men

    April 11, 2007
    Like other personal care marketers Colgate is targeting men with launch of its new Irish Spring body wash. Sales of body wash were up 22% last year vs. 2004 to $595 million (excluding Wal-Mart), according to data from Mintel. Meanwhile, deodorant…


  • P&G Wins Amway Case

    April 11, 2007
    The Procter & Gamble Company won a jury trial last month in Federal District Court in Salt Lake City, UT, against four Amway distributors for spreading false rumors about the company to advance their own business. P&G was awarded $19.25 milli…


  • Hamburg Sells $1.6 Billion Stake in Beiersdorf

    March 6, 2007
    The city of Hamburg has sold its 10% stake in Beiersdorf. Deutsche Bank AG has started selling shares of the German cosmetics giant worth $1.6 billion. Reports suggest that Beiersdorf may join Frankfurt’s DAX or the German share index.…


  • Janson Beckett Announces Revenue Increase

    March 6, 2007
    Janson Beckett Cosmeceuticals’ revenues for 2006 increased more than 300% compared to 2005. This increase in sales for the three-year-old manufacturer is attributed to broad international distribution, an expanded domestic base of beauty re…


  • Carlyle Group Acquires Philosophy

    March 6, 2007
    Skin care marketer, Philosophy Inc. has been acquired by the Carlyle Group, Washington, DC. Market sources estimate that the Carlyle Group paid more than $450 million for Philosophy. Christina Carlino founded the company and served as chief executiv…


  • Chattem Reports Results, Increases Fiscal 2007 Outlook

    March 6, 2007
    Chattem said sales rose 8% in fiscal 2006 to $300.5 million. Revenue growth for the fiscal year was led by brands such as Gold Bond, Selsun and the launch Icy Hot Pro-Therapy. The increase excludes the divested pHisoderm brand. Fourth quarter sales…


  • Elizabeth Arden Surges On Second Quarter Results

    March 6, 2007
    Elizabeth Arden’s second quarter net income declined 22%, but excluding restructuring charges, its per-share earnings of 92 cents trumped analysts’ consensus target by 10 cents per share. Net sales increased 18.8% to $410.8 million for t…


  • Avons 4Q Earnings Beat Wall Streets Estimates

    March 6, 2007
    Avon Products Inc. showed signs that its turnaround efforts are starting to take hold as it reported that fourth-quarter profits and revenues beat Wall Street estimates. The New York-based direct seller of cosmetics and other beauty products said…


  • Inter Parfums Sales Rise in 4th Quarter

    February 16, 2007
    Fragrance maker Inter Parfums Inc.’s fourth-quarter sales grew 37%, helped by sales at Banana Republic and Gap stores. For 2006, sales rose 17%, to $321.1 million, from $273.5 million in 2005. The company’s previous forecast stood between…


  • Ascendia Purchases Calgon And Healing Garden from Coty

    February 16, 2007
    Ascendia brands agreed to buy The Heal-ing Garden and Calgon brands and assets for $125 million. The two brands will complement the Lander and Lander Essentials brands that Ascendia currently owns, in addition to Mr. Bubble and Lander Kids. The a…


  • Yankee Candle Posts Higher Than Expected Profits

    February 16, 2007
    Yankee Candle Co. Inc., expects fourth-quarter and full-year profit and sales to top analysts’ expectations. Reports indicate that sales have increased between 16-17% or $275 million compared to last year’s $236.9 million. Total consolid…


  • Teeka Tan Products Signs Agreement with RS Distribution

    February 16, 2007
    Teeka Tan Products, Inc. has entered into an agreement with RS Distribution, Inc. of Wilmington, NC, to distribute Teeka Tan and Safe Sea Suncare product lines. Under the terms of the agreement, RS Distribution has the right to distribute Teeka Tan…


  • Ten United To Promote Sure, Pert Plus and Others

    February 16, 2007
    Ten United will provide advertising for Pert Plus shampoo, Sure deodorant and other products, under contracts with Innovative Brands LLC based in Phoenix, AZ for an undisclosed amount and Dallas, TX-based WhiteWave Foods Co. worth $25 million. Innova…