Breaking News

Unilever To Sell Top Fragrances

November 11, 2005

Unilever, London, UK, is looking to sell its Cosmetics International unit, which includes Calvin Klein, Karl Lagerfeld, Valentino, Nautica and Vera Wang fragrances. Unilever hopes to raise up to $750 million with the transaction, according to industry experts.

The company is mid-way through a five-year program to reduce the number of its brands from 400 to 800 in order to boost sales growth and profit margins, company executives said. Investment bank Morgan Stanley has been hired to sell the unit. Unilever’s “path to growth” strategy is aimed at increasing underlying annual sales growth to 5-6% and profit margin to more than 16% by 2004. The company has cut jobs, closed factories and eliminated brands as part of the program.
blog comments powered by Disqus
  • Start Stuffing The Ballot Box (Again)!

    Start Stuffing The Ballot Box (Again)!

    June 28, 2016
    Vote on the finalists in Happi's reader's choice Anti-Aging Product of the Year contest!

  • What

    What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 27, 2016
    Euromonitor weighs in on how Brexit could impact consumer product companies.

  • The Future of Innovation

    The Future of Innovation

    Nancy Jeffries, Contributing Editor||June 27, 2016
    Fashion Institute of Technology graduate students tackle a far-reaching topic for their Capstone project.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.