Shares of Ulta Salon, Cosmetics& Fragrances Inc. plunged in premarket trading Friday a day after the beauty products retailer reported a fiscal fourth quarter forecast that fell well below analysts' expectations.» Read More
PARIS, Sept 11- Shang Xia, a Chinese brand backed by French luxury goods group Hermes, opened its first shop outside its home market in Paris on Wednesday to test demand among non-Chinese customers for its handcrafted products.
L'Oreal's rumored buyback of Nestle's 29.5 percent stake in the French cosmetics giant looked far from a done deal on Friday, with Jean-Paul Agon, chairman and CEO of L'Oreal, telling CNBC that the ball was in the Swiss food giant's court.
At least nine City Council members back legislation to require most retailers to charge customers 10 cents for each bag.
After Danish brewer Carlsberg announced disappointing second quarter profits, the company's CEO placed the blame firmly on Russia, where a raft of legislation has heavily regulated the sale of alcohol.
CNBC Prime's Marcus Lemonis, "The Profit" host discusses tonight's show where he tries to clean up "Eco-Me," a manufacturer of all natural home cleaning products.
*Deal would make L'Oreal leader in China's facial mask sector. PARIS/ HONG KONG, Aug 16- L'Oreal SA has offered to buy Chinese facial mask maker Magic Holdings International Ltd, a move that would put the world's largest cosmetics group in the lead of the fastest growing sector in China's $15 billion skincare market.
PARIS, Aug 15- L'Oreal, the world's largest cosmetics group, has offered to acquire Chinese skincare company Magic Holdings International for HK $6,538 million. Paris- based L'Oreal announced its move for the Hong Kong- listed maker of facial masks on Thursday and said that its HK $6.30- per-share offer is supported by Magic's board of directors.
Tesco has unveiled a brand new concept store in the UK in Watford. Tesco Extra is the latest experiment in transforming the supermarket into a retail destination.
*Analysts say problems are with Wal-Mart. Aug 8- Elizabeth Arden Inc on Thursday turned in much weaker results and forecasts than expected, as an unnamed retailer ordered less than planned and the beauty products company struggled to make over its namesake brand.
Aug 8- Elizabeth Arden Inc on Thursday reported much worse quarterly results than expected as an unnamed retailer ordered less than planned and the beauty products company struggled to make over its namesake brand. Elizabeth Arden said an unnamed North American mass retailer ordered less than it had anticipated, especially in June, the end of its quarter.
*CEO says emerging markets remain strong for Henkel. FRANKFURT, Aug 8- German consumer goods company Henkel, which makes washing powder, shampoos and cleaning products, joined rivals in taking a more cautious view of growth in emerging markets.
Aug 8- Elizabeth Arden Inc on Thursday reported a quarterly loss to end what the cosmetics maker called a "transitional year" as it makes over its namesake brand. The company lost $5 million, or 17 cents per share, in the fiscal fourth quarter ended June 30, compared with a profit of $3.6 million, or 12 cents per share, a year earlier.
Laneige, or "the snow", is one of about two dozen brands made by South Korea's biggest cosmetics company Amorepacific Corp which is using its Asian cachet and pocket-friendly prices to give global firms like L'Oreal SA, and Procter& Gamble Co a run for their money.
Aug 5- Cosmetics maker Revlon Inc will buy Spanish beauty care company The Colomer Group for $660 million, reacquiring a professional products business it sold 13 years ago. Revlon sold its professional products business in 2000 to the Colomer family and CVC Capital Partners for $315 million.
Aug 1- Avon Products Inc on Thursday said second-quarter sales rose 2 percent, excluding the impact of currency fluctuations, as it benefited from big gains in Latin America, its largest market. The beauty products company reported net income of $31.9 million, or 7 cents per share, compared with $61.6 million, or 14 cents per share, a year earlier.
July 25- Colgate-Palmolive Co cut its 2013 profit forecast due to the stronger dollar as it posted a lower second-quarter net profit on Thursday, citing restructuring and other charges. The toothpaste maker's earnings, excluding items, were in line with Wall Street's expectations, despite slightly weaker-than-anticipated sales growth.
In a survey of U.S. and Canadian grocery shoppers, Trader Joe's, Publix Supermarkets and Whole Foods earned some of the highest marks.
NEW YORK, July 18- The credit default swap spreads of Avon Products dropped a further 8 bp to 190 bp on Thursday and are now down 25% on the month, as the turnaround in the beauty products company continues to instill confidence in investors.
To ease temperature-related complaints, mattress sellers have launched several new products after noticing that couples and hot flash-suffering women were having restless nights.
Twinkies are back, but they may be a bit smaller than you remember. The new boxes contain spongy yellow cakes that are smaller than right before Hostess out of business.