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
*Marc Jacobs, Michael Kors not planning on going into skin care. PARIS, Nov 18- Burberry is the latest luxury brand to eye the 28- billion-euro global skin care market but despite potentially rich pickings in Asia it faces an uphill struggle to win customer trust in a crowded market.
FRANKFURT/ NEW YORK, Nov 15- U.S. packaging companies Berry Plastics Group Inc and Silgan Holding Inc as well as German peer Gerresheimer are competing to buy the healthcare packaging unit of Rexam in a deal expected to fetch a little less than $1 billion, people familiar with the matter said.
SHANGHAI/ HONG KONG, Nov 13- China is considering a rule change that would allow the sale of some cosmetics without requiring them to be tested on animals, opening up a potential route into the Chinese market for international firms opposed to the practice.
Nov 7- Perfume and cosmetics maker Coty Inc reported lower-than-expected quarterly results, hurt by weak demand for its fragrances and nail products in the United States, and said it expected this trend to continue in the key holiday season.
Nov 7- Perfume and cosmetics maker Coty Inc reported a 2.9 percent fall in quarterly sales, hurt by weak demand for its fragrance and nail products in the United States. Net income attributable to Coty rose to $93.5 million, or 24 cents per share, in the first quarter ended Sept. 30 from $86.7 million, or 22 cents per share, a year earlier.
Oct 25- Procter& Gamble Co is chugging along with its turnaround, posting a quarterly profit that met Wall Street's expectations and holding to its annual forecasts as the world's largest household products maker gets a lift from cost cuts and a lower tax rate. Shares of P&G slipped 0.5 percent to $80.20 in premarket trading on Friday.
*Turnover down 6.5 percent to 12.5 billion euros. LONDON, Oct 24- Unilever Plc reported slower sales growth after demand for its consumer goods was hit by the devaluation of a handful of emerging market currencies and other factors such as rising onion prices in India.
TORONTO, Oct 24- Canadian paper and pulp products producer Domtar Corp reported a lower third-quarter profit on Thursday, as weakness in its paper and pulp segment offset the impact of a stronger performance from its personal care products business.
*China's fast-growing cosmetics market seen as top target. PARIS, Oct 6- Neverfull- the name of Louis Vuitton's best-selling handbag- sums up well its parent LVMH: even if it snapped up all of the world's last remaining independent luxury brands, it would still have room for more.
*Rosso was eying LVMH's J.W. Anderson and Kirkwood. PARIS, Sept 29- Renzo Rosso, the founder of Diesel, says competition for hot designers is now as intense as for football stars, as shown by the speed at which big luxury groups such as LVMH are investing in promising new fashion names.
Sept 17- Coty Inc said revenue was likely to decline marginally this quarter as growth slows in the United States and Europe, taking some luster off stronger-than-expected results in the beauty products maker's first report as a public company.
Sept 17- Beauty products maker Coty Inc reported a better-than-expected adjusted profit in its first quarterly results as a public company, mainly due to strong sales of branded perfumes such as Marc Jacobs and Chloe in Asia.
Sept 17- Perfume and cosmetics maker Coty Inc reported a smaller loss in its first quarterly results as a public company. The company's net loss narrowed to $62.3 million, or 16 cents per share, in the quarter ended June 30, from $357.3 million, or 95 cents per share, a year earlier.
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.
*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.
Kasper Rorsted, Henkel CEO, provides his views on the state of the global economy and Europe's economic recovery.
*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.
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.