Oct 30- Beauty products maker Elizabeth Arden Inc posted its third straight quarterly loss, largely due to its large exposure to perfumes, a category that has seen weak demand in North America. Elizabeth Arden had announced an annual cost saving target of $40- $50 million and the company said it had made significant overhead cost reduction during the first...» Read More
Oct 21- Personal care products maker Kimberly-Clark Corp said it would cut 1,100 to 1,300 jobs as part of a restructuring to contain costs arising from the spinoff of its healthcare business. Kimberly-Clark said it expects the restructuring, to be completed by the end of 2016, to cost $130 to $160 million after-tax and generate pre-tax savings of $120 to $140...
Oct 21- Personal care products maker Kimberly-Clark Corp reported a 3.4 percent rise in quarterly revenue, helped by strong sales in international markets such as Brazil, China, South Africa and Vietnam. The maker of Kleenex tissues and Huggies diapers said net income attributable to the company rose to $562 million, or $1.50 per share, in the quarter ended Sept....
*Coty agrees to buy Bourjois from Chanel. *To pay for Bourjois with 15 Class A Coty shares. PARIS, Oct 7- US cosmetics group Coty said on Tuesday it had made a binding offer to buy French make-up brand Bourjois from Chanel and give the family-owned French luxury company a stake in Coty worth an estimated $240 million.
Sept 29- Perfume and cosmetics maker Coty Inc said Chief Executive Michele Scannavini had stepped down for personal reasons, sending the company's shares down as much as 3 percent.
Sept 27- U.S. cleaning products maker Clorox Co said the Venezuelan government's takeover of two of its plants after the company pulled out of the country raised "grave concerns" about the safety of workers and surrounding communities.
CARACAS, Sept 26- Venezuela's famed models and aspiring beauty queens are struggling to doll themselves up as shortages turn eye shadow and breast implants into coveted luxuries. "I exhaust myself visiting pharmacies, I look everywhere for makeup," said Ileanne Davila, a 19 year-old civil engineering student and model.
Sept 23- Procter& Gamble Co said it would sell the last of its pet food business to consumer products company Spectrum Brands Holdings Inc as it focuses on more profitable lines such as Tide detergent, Gillette razors and Pampers diapers.
Sept 22- Home cleaning products maker Clorox Co said it was discontinuing operations in Venezuela as the business was no longer viable and that it was looking to sell its assets there. Venezuela devalued its currency bolivar last year, which forced a number of consumer goods companies such as Colgate-Palmolive Co and Avon Products Inc to slash product prices.
Sept 18- Home cleaning products maker Clorox Co said Chief Executive Donald Knauss was stepping down after eight years at the helm. He started his career at The Coca-Cola Co and went on to join PepsiCo Inc and Procter& Gamble Co before joining Clorox. Oakland, California- based Clorox's shares were little changed on the New York Stock Exchange on Thursday.
FRANKFURT, Sept 11- German books-to-cosmetics retailer Douglas has asked for second-round bids for its Christ jewellery arm in a potential deal worth more than 400 million euros, two sources familiar with the deal said. By comparison, listed peer Signet Jewelers, which is not vying for the asset, trades at a multiple of 11.7 times its expected operating earnings.
The UN food price index has dipped to a four-year low as good weather has resulted in an oversupply of cereals and dairy imports have slowed.
Carlsberg, the Danish brewer, became one of the first major European companies to warn over the impact of the Ukrainian crisis.
Aug 19- Elizabeth Arden Inc reported the biggest quarterly loss in its history due to a steeper-than-anticipated fall in sales of celebrity perfumes, particularly Justin Bieber and Taylor Swift brands.
Aug 19- Elizabeth Arden Inc reported a wider loss due to a steeper-than-anticipated fall in sales of celebrity perfumes, particularly Justin Bieber and Taylor Swift brands. The net loss attributable to Elizabeth Arden widened to $155.9 million, or $5.24 per share, in the fourth quarter ended June 30, from $5.0 million, or 17 cents per share, a year earlier.
P&G is working with advisers to review up to 100 underperforming brands for potential divestiture.
Aug 15- Estee Lauder Cos Inc's quarterly profit doubled, helped by strong demand for new skincare and makeup products and as retailers brought forward orders ahead of a planned technology upgrade. Estee Lauder's sales have been growing faster than those of the overall cosmetics industry and of rivals such as L'Oreal SA, Elizabeth Arden Inc and Coty Inc..
Aug 15- Estee Lauder Cos Inc's quarterly profit more than doubled due to strong demand for its skincare and makeup products, including those under Clinique and MAC brands. Net income attributable to the company rose to $257.7 million, or 66 cents per share, in the fourth quarter ended June 30 from $94 million, or 22 cents per share, a year earlier.
Procter & Gamble is getting into the fastest-growing household products business. Give up? It's adult diapers.
FRANKFURT, Aug 7- Nivea skin cream maker Beiersdorf reported lower-than- expected quarterly results and struck a slightly more cautious approach for its full year outlook as growth in once promising emerging markets stuttered.
July 31- Avon Products Inc, a direct seller of beauty products, reported a 40 percent fall in quarterly profit as sales were hurt by increased competition in key markets such as Latin America and the United States.