Financial News

  • Perry Ellis International Buys Back Fragrance Rights

    January 10, 2007
    First, a third party agreed to buy Perry Ellis then, that deal fell through. Now, Perry Ellis International has bought back its own fragrance rights from Parlux Fragrances. Parlux Fragrances Inc. previously held rights, titles, interests, intangible…


  • P&G Keeps Expanding Its Far-Flung Empire

    January 10, 2007
    Hair removers and car washes may not seem like obvious links, but for Procter & Gamble, they represent new opportunities to generate growth. In recent weeks, the company received approval to market a new hair removal device and announced that it…


  • Revlons Losses Widen in Third Quarter

    December 5, 2006
    ● Revlon’s losses widened in the third quarter, dragged down by costs related to dumping its new cosmetics line for older women and other restructuring and management severance costs. The company lost $100.5 million in the three months en…


  • Alberto-Culver Shareholders

    December 5, 2006
    ● Alberto-Culver Co. shareholders approved the spin-off of its Sally Beauty operation as a separate publicly-traded company on Nov. 10. The new Alberto-Culver will operate the company’s consumer products business, and Sally Beauty Holding…


  • Third Quarter Sales

    December 5, 2006
    Scott’s Liquid Gold, Denver, CO, said sales declined nearly 41% in the third quarter to $3.8 million. Net income was off as well, dropping 21% to $741,000. For the nine months ended Sept. 30, sales declined nearly 32% to $17.7 million. During…


  • A Rough Start

    December 5, 2006
    Bare Escentuals, a San Francisco-based maker of natural personal care products, posted lower third quarter earnings—its first quarterly report as a publicily-traded company. The company, which went public in September, reported a 5% decrease i…


  • Procter & Gamble Benefits

    December 5, 2006
    ● When P&G bought Gillette, last year, they expected the transaction to be dilutive to earnings in the first two years. So far, even with the dilution the company managed to report very good numbers and raised guidance further. One of the…


  • IT Restructuring Costs

    December 5, 2006
    Clorox posted a 2.8 % rise in quarterly profit, but company executives warned that annual profit could come in at the lower end of their forecast due to costs associated with an information technology restructuring program. Clorox earned $112 million…


  • Dubilier & Co. Acquires

    December 5, 2006
    CCA Industries Inc., which makes health and beauty products, signed a letter of intent to be acquired by private investment firm Dubilier & Co. for about $94 million. New York-based Dubilier & Co. has invested in more than a dozen companies.…


  • Procter & Gamble Cuts

    November 3, 2006
    One year after taking over Gillette, Procter & Gamble Co. last month cut 300 Gillette jobs, as part of its estimated 5,000 job cuts expected as a result of the takeover. P&G had already eliminated about 2,800 posi…


  • Acuity Brands Posts

    November 3, 2006
    Acuity Brands announced sales jumped 13% to $674.5 million for the fourth quarter ended August 31, 2006. Net income increased nearly 50% to $41.4 million. For the year, net income more than doubled to $106.6 million, while net sales increased 10% to…


  • Profits Surge

    November 3, 2006
    Boosted by product innovations, operating improvements, sales force investments and better pricing, Ecolab said its third-quarter profit surged by 13%. Net income rose to $110.4 million. Revenue gained 11% to $1.29 billion. “We enjoyed a terri…


  • 1Q Profits Dip

    November 3, 2006
    Estée Lauder’s first-quarter earnings fell less than 1% as revenue in most categories rose but fragrance sales slipped. First quarter income totaled $58.3 million. Revenue gained 6% to $1.59 billion. Skin care sales grew 8% to $567 mill…


  • Third Quarter Profit Slip

    November 3, 2006
    Colgate-Palmolive’s third quarter profit slipped 1% due to restructuring charges. The world’s largest toothpaste maker saw quarterly net income fall to $344.1 million from $347.2 million a year ago. Excluding charges related to a restruc…


  • Yankee Candle Acquired

    November 3, 2006
    Madison Dearborn Partners LLC, a private equity firm, will pay about $1.4 billion in cash to acquire Yankee Candle, South Deerfield, MI. Including assumed debt, the deal is worth about $1.7 billion. Under terms of the agreement, Yankee Candle shareh…