Financial News


  • Soap Sellers Target Men

    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…
    04.11.07

  • Avons 4Q Earnings Beat Wall Streets Estimates

    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…
    03.06.07

  • Elizabeth Arden Surges On Second Quarter Results

    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…
    03.06.07

  • Chattem Reports Results, Increases Fiscal 2007 Outlook

    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…
    03.06.07

  • Carlyle Group Acquires Philosophy

    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…
    03.06.07

  • Janson Beckett Announces Revenue Increase

    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…
    03.06.07

  • Hamburg Sells $1.6 Billion Stake in Beiersdorf

    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.…
    03.06.07

  • North Castle Sells HDS Cosmetics and Avalon

    The Procter & Gamble Company has ac-quired HDS Cosmetics Lab Inc., the company that manufactures and markets Doctor’s Dermatologic Formula (DDF) skin care, from North Castle Partners, a private equity firm. A purchase price was not disclose…
    02.16.07

  • Ten United To Promote Sure, Pert Plus and Others

    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…
    02.16.07

  • Teeka Tan Products Signs Agreement with RS Distribution

    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…
    02.16.07

  • Yankee Candle Posts Higher Than Expected Profits

    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…
    02.16.07

  • Ascendia Purchases Calgon And Healing Garden from Coty

    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…
    02.16.07

  • Inter Parfums Sales Rise in 4th Quarter

    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…
    02.16.07

  • P&G Keeps Expanding Its Far-Flung Empire

    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…
    01.10.07

  • Perry Ellis International Buys Back Fragrance Rights

    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…
    01.10.07

  • Dubilier & Co. Acquires

    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.…
    12.05.06

  • IT Restructuring Costs

    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…
    12.05.06

  • Procter & Gamble Benefits

    ● 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…
    12.05.06

  • A Rough Start

    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…
    12.05.06

  • Third Quarter Sales

    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…
    12.05.06