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...» Read More
LONDON, April 16- Unilever chief financial officer narrowed the consumer goods giant's sales growth goal on Thursday after a strong start to the year, helped by an early Easter holiday and a better-than-expected performance in China. The maker of Dove soap and Ben& Jerry's ice cream said in January it expected full-year sales growth of about 2 to 4 percent.
Meet the PancakeBot: the world’s first pancake printer that allows you to design your own pancakes, print them in different colors and then eat them.
March 16- Procter& Gamble Co is exploring a sale or initial public offering of some of its beauty brands in a single deal, Bloomberg reported, citing people with knowledge of the matter. The maker of Pantene shampoo and Olay skin care is working on the plan with its advisers, but has not finalized details, including which products will be sold, Bloomberg said.
FRANKFURT, March 10- German fragrance and flavours maker Symrise posted a better-than-expected 46 percent rise in quarterly core earnings, helped by the takeover of pet food flavouring company Diana and a return to sales growth at its Scent and Care unit. Baader Bank analyst Andreas von Arx pointed to a rebound at the scents and care unit, a maker of perfumes and...
The shopping habits of women are changing, and cosmetics companies need to change with them, William Lauder tells CNBC.
The Berlin- based company, backed by Germany's Rocket Internet and inspired by rival New York- based cosmetics-in-a-box firm Birchbox, said its customer base grew 25 percent in 2014, despite cutting marketing costs by 33 percent. It now focuses on 10 markets including Germany, France, Britain and the United States and has begun hiring again after making...
Sales growth from Hispanic consumers significantly outpaced that of Non-Hispanic shoppers across every beauty segment.
PARIS, Feb 13- French cosmetics giant L'Oreal on Friday said it expected the weak euro and slump in oil prices to boost consumption in many regions such as Western Europe and help it increase profits substantially this year. The maker of Lancome cream and Yves Saint Laurent perfume said sales in Western Europe, where it made a third of revenue, enjoyed their...
Brits living in the U.S. now have to settle for American versions of chocolate after the confectionery giant Hershey forced two companies to stop importing UK-made versions. The FT reports.
Feb 5- Elizabeth Arden Inc reported a bigger-than-expected 20 percent drop in quarterly revenue, citing lower sales of its celebrity fragrances and changes to the way its beauty products are distributed in China. Elizabeth Arden said a decline in sales of its celebrity fragrances, which include the Taylor Swift, Justin Bieber and Nicki Minaj brands, would...
Feb 5- Beauty products maker Elizabeth Arden Inc reported a 20 percent drop in quarterly revenue due partly to a decline in the popularity of its celebrity fragrances. Net loss attributable to Elizabeth Arden's shareholders was $56.8 million, or $1.90 per share, for the second quarter ended Dec. 31, versus a profit of $35.0 million, or $1.16 per share, a year earlier.
Feb 5- Estee Lauder Cos Inc reported a better-than-expected rise in revenue in the second quarter, helped by higher demand for its skin care and makeup products such as Clinique lotions and Pure Color Envy lipstick during the holiday shopping season. Estee Lauder, however, said sales would fall more than it had forecast in the year ending June 30, hurt by a stronger...
Feb 5- Estee Lauder Cos Inc said full-year sales would fall more than it had forecast, hurt by a stronger dollar and slowing growth in Hong Kong and China. The maker of M.A.C., Bobbi Brown and Estee Lauder cosmetics, said it now expected adjusted earnings of $2.93- $3.01 per share on net sales decline of up to 2 percent for the year ending June 30. Estee Lauder received...
Kimberly-Clark forecast a decline in net sales for 2015 due to a stronger dollar and weaker demand for its core products.
The U.K. grocery market has fallen into decline for the first time on record, as discount retailers lead a price war.
Fears that Russia's economic downturn will ravage European multinationals may have been overstated in some cases, with companies that sell beer and soap defying expectations.
Laundry detergent pods, that are sometimes mistaken for candy or toys, have accidentally poisoned thousands of children, according to a new study.
Movember sponsor Harry's is looking to shave off a piece of the $6.1 billion men's grooming industry with low-priced blades and bathroom products sold online.
Kroger has delivered 43 straight quarters of rising sales at stores open at least a year.
U.S. cleaning products maker Clorox reported better-than-expected quarterly sales and adjusted profit, helped by strong demand for household products.