Financial News

  • 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…


  • 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…


  • 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…


  • 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…


  • 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…


  • 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…


  • 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…


  • 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…


  • 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.…


  • 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…


  • 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…


  • 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.…


  • 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…


  • 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…


  • 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…