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Published October 24, 2003
Five months after putting itself up for sale, Burt's Bees was sold to investment firm AEA Investors for more than $175 million. Owner and chief executive office Roxanne Quimby put Burt's Bees on the selling block to give the money from the sale towar… Read More »
Published October 23, 2003
The market for specialty active ingredients--compounds that provide a demonstrable therapeutic effect on the skin or hair--and the systems used to deliver these ingredients, has exploded in the past few years. According to estimates by Kline & Compan… Read More »
Published September 22, 2003
German hair care products maker Wella AG elected four new members to the supervisory board. Martin J. Nuechtern, Rainer Henes, Dieter B. Judith and Dr. Gerhard Wirth joined Wella's supervisory board, the company said in a statement. Dr. Wirth will ac… Read More »
Published September 11, 2003
USA Technologies' e-Port has been chosen as the to equip vending machines dispensing Playtex brand Banana Boat sun care products. Vision North America LLC, a marketing company providing vending machine management solutions to Playtex Products, Inc.,… Read More »
Published September 4, 2003
Procter & Gamble said on Wednesday that it "comfortable" with consensus earnings-per-share growth expectations for the full fiscal year. The company made no change to its forecast for volume and sales growth for fiscal 2004.P&G also confirmed that th… Read More »
Published August 5, 2003
The Gillette Co., Boston, MA, said second-quarter net income rose 15%, giving much of the credit to the success of new shavers, razors and battery-powered toothbrushes. The company reported net income of $338 million, compared with $293 million a yea… Read More »
Published July 29, 2003
The European Commission has given Procter & Gamble Co. permission to take over German hair care group Wella, the U.S. group's largest deal ever, a source familiar with the situation said on Tuesday.P&G, the leading U.S. consumer products company whos… Read More »
Published July 24, 2003
Alberto-Culver Co., Melrose Park, IL, said its quarterly profit rose 17%, beating Wall Street estimates, on robust sales of its beauty care products and improved profit margins.Alberto-Culver, which also owns the Sally Beauty Co. chain, said it earne… Read More »
Published July 15, 2003
Reckitt Benckiser Plc said Tuesday second-quarter net revenue growth of 7% was above its full-year target, but it disappointed investors with flat year-on-year growth and lower profits in North America. The UK-based global leader in household cleanin… Read More »
Published June 17, 2003
Nestle and Colgate-Palmolive have joined forces to challenge Wrigley, the world's No. 1 chewing gum maker, for leadership of the fast-growing market for dental chewing gum.Nestle, the world's biggest consumer food company, and Colgate-Palmolive, the… Read More »
Published May 28, 2003
In a license with Procter & Gamble, Los Angeles-based Universal Group has launched Old Spice High Endurance shaving products for men, providing men with leading technology to meet their daily shaving and face care needs, executives said."As a leading… Read More »
Published May 28, 2003
Henkel KgaA, Frankfurt, said Wednesday that it hasn't sold its 6.86% stake in hair care products maker Wella AG to The Procter & Gamble Co. Henkel has until midday to accept P&G's offer of EUR65 for each preference share and EUR92.25 for each ordinar… Read More »
Published April 30, 2003
Announces Gains in the Third Quarter The Estee Lauder Companies Inc. announced that today it has completed its acquisition of Laboratoires Darphin, the Paris-based company dedicated to the development, manufacturing and marketing of prestige skin car… Read More »
Published April 24, 2003
Allou Healthcare Inc., a distributor of prescription drugs and consumer personal care products, on Thursday said it discovered that inventory and accounts receivable were substantially overstated and fired its senior executives.The company, which had… Read More »
Published April 23, 2003
Jafra Cosmetics International, Inc. Westlake, CA, said net sales in the first quarter of 2003 were $91.4 million compared to $99.1 million in the first quarter of 2002. The 8% decrease in U.S. dollar net sales resulted primarily from the weakening of… Read More »
Published April 2, 2003
Hairstylist Vidal Sassoon sued Procter & Gamble on Tuesday, seeking to reclaim control of his brand name after years of alleged "systematic destruction" by P&G. Mr. Sassoon, who rose to prominence for the short, pixie cut that model Twiggy popularize… Read More »
Published March 27, 2003
According to a recent consumer survey released by leading market information company The NPD Group, Inc., many consumers are scaling back spending on discretionary items due to factors ranging from rising gas prices to war worries. However, they are… Read More »
Published March 18, 2003
Procter & Gamble Co. has signed an agreement with the founding Stroeher family shareholders of Wella AG to acquire 77.6% of their common shares, the German hair-care company said Tuesday. This represents 50.7% of Wella's total share capital, and amou… Read More »
Published March 13, 2003
Nu Skin, Provo, UT, has established an agreement with Cosmix, a German pharmaceutical company, to develop proprietary ingredient technology for future Nu Skin personal care products. Executives said Cosmix has extensive knowledge of functional molecu… Read More »
Published February 20, 2003
Reuben Mark, the 64-year-old chairman and chief executive of New York-based household and personal care products maker Colgate-Palmolive Co., is not ready to leave the company yet, according to a Reuters report."I have no specific retirement plans,"… Read More »
Published February 14, 2003
Although L'Oreal's Lanc™me has yet to advertise it, word is already out about one of its newest products. Hundreds of women have purportedly rushed to department stores to put their names on lists, and are waiting for the first shipments of Resolutio… Read More »
Published February 13, 2003
CCA Industries, Inc. announced today that its year-end profits rose 52% per share from $0.27 per share to $0.41 per share. Revenues were up 9.5% from $41.7 million to $45.6 million. Net income was up 52.6% to $3.0 million from $2.0 million. Profits w… Read More »
Published February 11, 2003
Household products maker Clorox Co. on Tuesday said quarterly profit rose a better-than-expected 75% as cost-cutting and sales growth in North America helped offset declines in Latin America. The Oakland, CA-based maker of Clorox bleach, Armor All au… Read More »
Published February 6, 2003
Nu Skin Enterprises, Inc. Provo, UT, reported 8% revenue growth from $232.6 million to $250.2 million and 38% earnings per share growth in the fourth quarter of 2002 ended Dec. 31. Net income increased 32% to $18.0 million. During the quarter, the co… Read More »
Published January 31, 2003
J.C. Penney said Friday it would stop selling Avon's beComing line, as well as most other cosmetics and skin care products, in order to have more room to expand and upgrade its woman's accessories business, a hot-selling area for the retailer.Avon sa… Read More »
Published January 30, 2003
The Estee Lauder Cos. posted a better-than-expected 22% increase in its fiscal second quarter profit amid solid sales growth in skin care products and makeup. The New York-based company said Thursday net income rose to $109.6 million for the period e… Read More »
Published January 23, 2003
Darmstadt, Germany-based Wella AG posted a better-than-expected rise in 2002 sales, helped by a string of acquisitions in its fragrance division and forecast further growth in 2003.The maker of cosmetics, hair care and fragrance products saw 2002 sal… Read More »
Published January 14, 2003
The Estee Lauder Cos. has signed an agreement to acquire the Paris-based Darphin group of companies, according to a Form 8-K filed Monday with the Securities and Exchange Commission.The filing didn't include the financial terms of the deal. The deal… Read More »
Published December 23, 2002
The Dial Corporation today announced that it has reached an agreement to sell its Argentina business to an entity designated by Southern Cross Group, a private equity investor in Argentina. The transaction is structured as a sale of the assets of Dia… Read More »
Published November 13, 2002
Playtex Products Inc., Westport, CT, the maker of baby care products, suntan lotions and tampons, announced it is looking at strategic options, including the possibile sale of parts or all of the company. It has hired J.P. Morgan Chase & Co. as its f… Read More »
Published November 11, 2002
Drug company Bayer AG, Leverkusen, Germany, agreed to sell its household insecticides and air freshener business to S.C. Johnson & Son Inc. for approximately $734.4 million. The agreement comes less than a month after Bayer signed a letter of intent… Read More »
Published October 29, 2002
The Estee Lauder Companies Inc., New York, NY, today reported net sales for the first quarter ended Sept. 30 were $1.24 billion, a 4% increase from $1.19 billion in the prior-year period. Excluding the impact of foreign currency translation, net sale… Read More »
Published October 17, 2002
The Dial Corporation, Scottsdale, AZ, reported net sales rose 4.1% to $347.2 million for the third quarter ended Sept. 28, 2002. Excluding Argentina where sales were reduced by the peso devaluation, total company net sales would have increased approx… Read More »
Published October 17, 2002
Bayer AG and SC Johnson have signed a letter of intent in regard to the sale of Bayer AG's household insecticides business. Executives said Bayer aims to complete the sale by the end of 2002. The $3.9 million business contains the leading Baygon inse… Read More »
Published October 10, 2002
Helen of Troy Ltd., a marketer of brand-name personal care products, today reported record earnings for the second quarter and six months ended Aug. 31, 2002. Second quarter sales were $111,058,000, versus sales of $112,688,000 for the same period of… Read More »
Published October 3, 2002
Revlon has entered into a licensing agreement with Pacific World Corporation, a leading manufacturer for nail and nail care products.The new Revlon artificial nail line is slated to launch in January 2003 and is comprised of 23 SKUs, including 12 set… Read More »
Published October 1, 2002
Fine and thinning hair is an increasing concern for both men and women, especially with so many factors -stress, chemical processing, and poor nutrition-contributing to the problem. In response to the millions of consumers looking for a way to mainta… Read More »
Published October 1, 2002
The Gillette Company, the global leader in the $5 billion manual and power oral care market, today introduced two new oral care products that improve upon the superior performance of Oral-B CrossAction, its most technologically advanced manual toothb… Read More »
Published September 30, 2002
Combe Incorporated, White Plains, NY, the world leader in men's hair color products, will purchase J.B. Williams Company, Inc., of Glen Rock, NJ, a marketer of leading oral and men's hair and personal care products in the United States, Canada and Pu… Read More »
Published September 26, 2002
Helen of Troy Ltd. has signed a definitive agreement to acquire six well-known personal-care brand names from Procter & Gamble Co. for an undisclosed cash sum. Brands acquired directly include Condition 3-in-1, Final Net, Vitalis and Ammens. Sea Bree… Read More »
Published September 26, 2002
Revlon, Inc. today announced the appointment of Pamela Vaile to the position of senior vice president, global product development, effective October 1, 2002. Ms. Vaile replaces Donna Barasch, who left the company to pursue other career opportunities.… Read More »
Published September 24, 2002
The Consumer Specialty Products Association's Air Care Division recently announced a tentative agenda for its upcoming workshop on innovation and creativity in product development. It will be held Oct. 29 at the Sheraton Newark Airport, NJ, from 8:00… Read More »
Published September 15, 2002
The Procter & Gamble Co. is starting a massive ad campaign to try to revitalize the Clairol hair care brand it acquired from Bristol-Myers Squibb Co. in November. "This intensive initial campaign is just the beginning of our efforts to re- energize C… Read More »
Published September 3, 2002
Avon Products Inc. and Colgate-Palmolive today, both said they were confident with third quarter and full-year sales and earnings projections. Avon reiterated its earnings guidance for the third quarter and full year, citing continued growth in sales… Read More »
Published August 22, 2002
Colgate-Palmolive Co. will try to take a bite out of rival Procter & Gamble's lead in the fast-growing at-home teeth-whitening market with its own entry-a gel that costs less than half the price ($14.99) of competing Crest's Whitestrips. The system c… Read More »
Published August 15, 2002
The Estee Lauder Companies Inc., New York, announced net sales increased 8% to $1.13 billion for the fourth quarter ended June 30, compared with $1.05 billion in the fourth quarter of fiscal 2001. Net sales in the quarter increased on a constant curr… Read More »
Published July 19, 2002
Avon Products, Inc., New York, NY, reported record sales, earnings and cash flow in the second quarter of 2002. Earnings per share of $.64 exceeded the $.63 consensus estimate among Wall Street analysts. The company also said it was comfortable with… Read More »
Published July 16, 2002
Johnson & Johnson (J&J), New Brunswick, NJ, announced record sales of $9.1 billion, an increase of 10.9% over second-quarter 2001 results. Excluding the impact of currency, worldwide sales increased 10.7%. Domestic sales increased 10.7%, while intern… Read More »
Published July 10, 2002
The use of phthalates in cosmetics and personal care products is supported by an extensive body of scientific research and data that confirms safety, according to the Cosmetic, Toiletry and Fragrance Association (CTFA), Washington D.C. The Food and D… Read More »
Published February 15, 2002
The White Rain Company, Danbury, CT, has acquired the rights to market and sell Te Tao in the U.S. Previously available only in Europe, Te Tao is a line of hair and body care products that combine Chinese herbal remedies with modern technology. The r… Read More »