LONDON, Dec 5- Consumer products giant Unilever Plc aims to cut the number of individual products it sells by 30 percent by the end of 2014 to become more efficient and navigate a global economic slowdown it admits it was slow to confront.» Read More
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.
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.
*Italia Independent seeks to expand in Europe, U.S., Asia. COPENHAGEN/ MILAN, June 28- Shares in Danish beauty products retailer Matas and Italian sunglass retailer Italia Independent rose on their stock market debuts on Friday, underscoring investor demand for luxury goods stocks.
The company gets most of its revenue from perfume brands including Calvin Klein, Davidoff and Playboy as well as those it sells under the names of celebrities such as Beyonce Knowles, Lady Gaga and Jennifer Lopez. Coty's shares, which were priced at $17.50 on Wednesday, fell as much as 3.4 percent to $16.90 in morning trading on the New York Stock Exchange.
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.
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