Financial News

  • Financial News

    May 4, 2009
    New Report Shows Highs and Lows at Inter Parfums Fragrance marketers are still trying to make “scents” in the troubled economy. Inter Parfums, Inc. posted mixed results for the fourth quarter and year ended Dec. 31, 2008. In the four…


  • Financial News

    April 1, 2009
    Grand Brands Buys Lander Product Line Grand Brands, LLC, a Grand Rapids, MI-based brand licensing company, has purchased the Lander product line, a well-established American bath and beauty care brand that has been on the shelves since 1920.…


  • Financial News

    March 3, 2009
    Estée Lauder To Cut  Its Workforce by 6% Stung by a 6% decline in fiscal second quarter sales, Estée Lauder will cut 2000 jobs (6% of its workforce) over the next two years as part of a four-year restructuring program. Net sal…


  • Financial News

    February 9, 2009
    Beiersdorf Posts an 8% Rise in Sales for the Year With a targeted focus on skin and beauty care, Beiersdorf posted strong gains last year, despite a weakening economy. According to preliminary figures for 2008, the company generated an 8% sales…


  • Ecolab Announces Plan to Buy Back Stock

    December 8, 2008
    At Henkel’s request, Ecolab has filed a registration statement with the Securities and Exchange Commission that would enable Henkel to sell all 72.7 million Ecolab shares it holds. Ecolab and Henkel have also agreed to amend the stockholder&rsq…


  • Avons Beauty Product Sales Soar 15% in Q3

    December 8, 2008
    Avon Products’ profit in the third quarter rose 60% to $222.6 million, boosted by strong foreign sales, demand for new products and a tax benefit. Sales of beauty products rose 15%. The company’s 15% growth in beauty sales included increa…


  • Physicians Formula Posts Small Gain in Third

    December 8, 2008
    Physician's Formula's third quarter sales rose 2.5% to $20.3 million. Net income soared from $102,000 to nearly $1.7 million. “Given the very soft consumer environment, we are pleased with our double-digit net sales growth we have achieved i…


  • Unit Sales Boost Revlon's Third Quarter Results

    December 8, 2008
    Revlon reported a 1% increase in third quarter sales to $334.4 million, while posting net income of $29.2 million, vs. a loss of $10.4 million a year ago. However, the gain in profit is attributable to the July sale of Revlon’s Bozzano branded…


  • Financial News

    December 2, 2008
    Ecolab Announces Plan to Buy Back Stock At Henkel’s request, Ecolab has filed a registration statement with the Securities and Exchange Commission that would enable Henkel to sell all 72.7 million Ecolab shares it holds. Ecolab and Henkel…


  • Ecolab Announces Plan to Buy Back Stock

    November 17, 2008
    At Henkel’s request, Ecolab has filed a registration statement with the Securities and Exchange Commission that would enable Henkel to sell all 72.7 million Ecolab shares it holds. Ecolab and Henkel have also agreed to amend the stockholder&rsq…


  • Avons Beauty Product Sales Soar 15% in Q3

    November 17, 2008
    Avon Products’ profit in the third quarter rose 60% to $222.6 million, boosted by strong foreign sales, demand for new products and a tax benefit. Sales of beauty products rose 15%. The company’s 15% growth in beauty sales included increa…


  • Physicians Formula Posts Small Gain in Third

    November 17, 2008
    Physician's Formula's third quarter sales rose 2.5% to $20.3 million. Net income soared from $102,000 to nearly $1.7 million. “Given the very soft consumer environment, we are pleased with our double-digit net sales growth we have achieved i…


  • Unit Sales Boost Revlon's Third Quarter Results

    November 17, 2008
    Revlon reported a 1% increase in third quarter sales to $334.4 million, while posting net income of $29.2 million, vs. a loss of $10.4 million a year ago. However, the gain in profit is attributable to the July sale of Revlon’s Bozzano branded…


  • Financial News

    November 7, 2008
    Inter Parfums’ Sales Surge in the Third Quarter Inter Parfums, Inc.’s net sales for the third quarter rose 21% to a record $123.5 million. For the first nine months of 2008, net sales rose 28% to $345.8 million. Jean Madar, chairman…


  • Marketers Trim Their Projections...Can Inventories be Far Behind?

    October 30, 2008
    Now it's official. The U.S. economy slipped 0.3% at an annualized rate in the third quarter. The decline in real gross domestic product was the largest since the end of the last recession in late 2001. The economy grew at a 2.8% pace in the secon…