NEW YORK, June 10- After 109 years of selling beauty products, Coty Inc is ready for its close-up, blemishes and all. The maker of Stetson cologne, OPI nail polish and Sally Hansen lip balm, is set to go public Wednesday on the New York Stock Exchange, with shares to trade on Thursday.
Global spending on green cleaning products is expected to rise to $9.3 billion in 2017 from an estimated $2.7 billion in 2012, according to Global Industry Analysts Inc- albeit still a fraction of the relatively stable $150 billion market for all household cleaning products.
May 20- Avon Products Inc, the beauty products direct seller, said on Monday it tapped a former Tupperware Brands Corp executive to be responsible for turning around its business in North America, where sales have been declining for years. Pablo Munoz, who was with Tupperware since 1993, most recently heading the Americas region.
LONDON, May 14- From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
*Flag carrier Turkish Airlines bans red lipstick. Turkish Airlines, Europe's fourth-biggest carrier, said the ban was aimed at keeping crews "artless and well-groomed with makeup in pastel tones", as a natural look improved communication with passengers. Turkish Airlines declined a request for further comment.
May 2- Beauty products company Elizabeth Arden Inc posted a third-quarter loss, but higher-than-expected third-quarter sales that were helped in part by the popularity of celebrity fragrances named for stars like Nicki Minaj and by its push into international markets.
*1st- qtr adj profit 26 cents/ share vs estimates 14 cents. April 30- Avon Products Inc on Tuesday reported a better-than-expected first-quarter profit in the latest sign the beauty products company's business continues to improve, helped by higher sales in key markets Brazil and Russia and cost cuts.
MUMBAI, April 29- Hindustan Unilever Ltd will intensify a price war against lesser-known detergent and skincare brands this year as it seeks to win back India's increasingly thrifty shoppers and reverse four consecutive quarters of slowing sales.
*Europe bans sale of new cosmetics tested on animals. BRUSSELS, March 11- The European Union wants to persuade countries such as the United States and China to adopt its ban on the sale of new cosmetics tested on animals that came into force on Monday.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."