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Consumer Staples Household and Personal Products

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  • Procter & Gamble sales fall for sixth straight quarter Thursday, 30 Jul 2015 | 7:08 AM ET

    July 30- Procter& Gamble Co, the world's largest consumer products maker, reported its sixth straight fall in quarterly sales, as it continued to be weighed down by a stronger dollar that stripped the value of overseas sales. The company's net income fell 80 percent to $521 million, or 18 cents per share, in the fourth quarter ended June 30, the maker of Tide detergent...

  • P&G says David Taylor to replace A.G. Lafley as CEO Tuesday, 28 Jul 2015 | 5:51 PM ET

    July 28- Procter& Gamble Co veteran David Taylor will replace A.G. Lafley as chief executive in a widely expected move that coincides with a massive overhaul at the world's largest household products maker. To rejuvenate growth, P&G has been streamlining its business and earlier this month said it would sell more than 40 brands to perfume maker Coty Inc for $12.5...

  • LONDON, July 27- British consumer goods maker Reckitt Benckiser increased its full-year net revenue and margin targets on Monday, after posting a better-than-expected second quarter performance. The maker of Durex condoms, dettol disinfectant and nurofen painkillers, said that in the six months to June 30 sales rose 5 percent on a like-for-like basis, which...

  • LONDON, July 23- Unilever expects a recent series of beauty deals to give its performance extra lustre while consumer demand remains weak for staple products from soup to soap. The wisdom of the transition was evident on Thursday when Unilever reported better-than-expected second-quarter sales, fueled by gains of 3.3 percent and 5.9 percent for its personal...

  • NEW YORK, July 20- New York political leaders on Monday renewed their push to outlaw microbeads, the personal care plastic additives blamed for polluting waterways, and urged a statewide ban even as Congress considers prohibiting them across the nation. At least seven states, including Illinois, New Jersey and Wisconsin, have banned the beads, found in...

  • PARIS, July 16- Coty Inc's boss Bart Becht believes he is the right man to run what will become the world's biggest perfume maker, despite industry doubts over its planned mega-merger and faltering sales at the beauty products group. With Coty due to gobble up Procter& Gamble's beauty business for $12.5 billion, Becht has no intention of seeking anyone else to lead...

  • UPDATE 3-Coty buying P&G beauty business for $12.5 bln Thursday, 9 Jul 2015 | 4:16 PM ET

    July 9- Coty Inc, the U.S. maker of Calvin Klein and Chloe perfume, will buy Procter& Gamble's perfume, hair care and make-up businesses for $12.5 billion in the biggest cosmetics merger in recent history. Coty would become the No. 1 perfume maker ahead of L'Oreal and No. 3 make-up provider behind its French rival and Estee Lauder. "We are getting critical mass around the...

  • The combined company is expected to have annual revenue of more than $10 billion- double Coty's turnover- and will be led by Coty CEO Bart Becht. JAB Cosmetics B.V., which owns 97 percent of Coty's Class B shares, is in favor of the deal, Coty said. Coty said the deal valued the P&G Beauty Business at $12.5 billion at the time of the proposal, based on the number of Coty basic...

  • This hair trend is shaking up the beauty biz Wednesday, 1 Jul 2015 | 2:45 PM ET
    Lupita Nyong'o

    The market for African-American hair products is growing and changing, pushing large hair companies to adapt.

  • *Henkel misses out on hair-care acquisition. LONDON, June 16- European stocks fell for a third straight day on Tuesday as investors grew increasingly worried about lack of progress in negotiations between Greece and its creditors. Greece and its creditors hardened their stances on Monday after talks aimed at preventing a default and possible euro exit...

  • June 8- Henkel& Co KGaA AG and Coty Inc, both of which have personal care and cosmetics businesses, made binding offers to buy separate parts of Procter& Gamble Co's beauty businesses worth up to a total of $12 billion, according to people familiar with the matter. Henkel made an offer for P&G's haircare business, which includes the Wella and Clairol brands, and could...

  • PARIS, May 26- L'Oreal is not interested in buying Procter& Gamble Co's Wella haircare business, the head of the French cosmetics group's luxury division told German daily Handelsblatt in an interview. Sources close to the matter said last month that personal care and cosmetics companies Henkel& Co, Revlon and Coty were preparing bids for parts of Procter&...

  • Glow-in-the-dark toilet seat Thursday, 14 May 2015 | 9:00 AM ET
    Glow-in-the-dark toilet seat

    Tennessee inventor Dave Reynolds thinks his glow-in-the-dark Potty Glow toilet seats are a necessity for families with young children, and helpful for the elderly and those who wake up in the middle of the night groggy.

  • May 14- Beauty products retailer Sally Beauty Holdings Inc confirmed an illegal intrusion into payment card systems at some of its U.S. stores. The company said earlier this month that it was investigating reports of the unusual activity. A number of U.S. retailers including Home Depot Inc and Target Corp have reported large-scale data breaches in the past...

  • May 5- Estee Lauder Cos Inc, the maker of Clinique, M.A.C. and Bobbi Brown cosmetics, reported a 1.2 percent rise in quarterly sales, helped by higher demand for its Pure Color Envy lipsticks and Perfectionist Youth-Infusing makeup. Net earnings attributable to the company rose to $272.1 million, or 71 cents per share, in the third quarter ended March 31 from $213.2...

  • May 4- Beauty products retailer Sally Beauty Holdings Inc said it was investigating reports of "unusual activity" involving payment cards at some of its U.S. stores. Sally Beauty said it was working with its credit card processor and law enforcement officials. A string of retailers, including Home Depot Inc and Target Corp, have reported large-scale data...

  • *Sees low single-digit fall in 2015 earnings/shr. April 30- Colgate-Palmolive Co cut its profit forecast for the full year again, indicating price rises will not be able to completely offset the impact of a stronger dollar. Colgate, which controls about 45 percent of the global toothpaste market, gets most of its revenue from outside the United States.

  • Chief Executive Sheri McCoy has been struggling to turn around Avon as it loses representatives- the so-called "Avon Ladies"- in the United States and grapples with weak demand in Brazil. Revenue fell 17 percent in Brazil and fell 12 percent in Mexico, Avon said, pulling down revenue from Latin America by 22 percent. The net loss attributable to Avon decreased to...

  • Cosmetics maker Avon's quarterly revenue falls 18 pct Thursday, 30 Apr 2015 | 7:14 AM ET

    April 30- Avon Products Inc, a direct seller of cosmetics and personal care products, reported a 17.8 percent fall in quarterly revenue, hurt by a strong dollar and weak demand in Latin America, its biggest market. Total revenue decline to $1.79 billion in the first quarter from $2.18 billion a year earlier, hurt by 22 percent fall in revenue from Latin America.

  • April 23- Procter& Gamble Co's sales fell for the fifth quarter in a row, hurt by a stronger dollar and lower demand for its beauty, hair and personal care products. Net income attributable to P&G fell to $2.15 billion, or 75 cents per share, in the third quarter ended March 31, from $2.61 billion, or 90 cents per share, a year earlier. The world's largest household products...