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Revlon is looking for love to spice up its brand recognition. There also have been a number of new faces in executive offices at Revlon over the past year or so, as the New York company has attempted to re-energize growth. Revlon shares climbed 45 cents to $33.20 in midday trading Tuesday while broader indexes also rose slightly.
Nov 7- Estee Lauder Cos Inc bought French luxury perfume brand Editions de Parfums Frédéric Malle, its third acquisition in less than a month as the company looks to boost its portfolio of high-end luxury perfumes and skin care brands. The Frédéric Malle fragrances, which cost upwards of $150, are sold through five standalone stores in Paris and New York.
Some of Tuesday's midday movers:
Michael Kors and Priceline both reported earnings beats, but slowing growth could sour momentum traders on the stocks.
Nov 4- U.S. cosmetics company Estee Lauder Cos Inc cut its full-year profit and sales growth forecast, hurt by weak demand in its key markets, sending its shares down 4 percent in premarket trading. It was also monitoring the effects of certain global uncertainties on its business, including increased sanctions against Russia, Estee Lauder said.
Nov 4- U.S. cosmetics company Estee Lauder Cos Inc reported a 24 percent fall in first-quarter profit, hurt by lower sales as some retailers advanced orders in the fourth quarter ahead of a planned technology upgrade. Net income attributable to Estee Lauder fell to $228.1 million, or 59 cents per share, in the first quarter ended Sept. 30, from $300.7 million, or 76...
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...
Oct 30- Beauty products maker Elizabeth Arden Inc reported a quarterly loss for the third time in a row as sales of perfumes, its largest business, continued to decline. The U.S. cosmetics maker, which has been struggling with weak sales for the past year, said revenue from its North American business fell 23 percent due to weak demand for celebrity fragrances and...
*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.
President, Ariel Investments; chairman, DreamWorks Animation SKG
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.
The company, whose competitors include Estee Lauder Cos Inc, L'Oreal SA and Elizabeth Arden Inc, named Chairman Bart Becht as interim CEO.
U.S. stocks ended the week mixed after news of fresh conflict between Russia and Ukraine.
U.S. stock-index futures pointed to a higher start to trade on Friday, with markets calmer after mollifying remarks from Vladimir Putin.
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..
Some of the names on the move ahead of the open.
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.
Traders attempt to decipher whether the bond market or the stock market is sending the right signal, with the release several key reports Friday.
U.S.stocks closed higher on Thursday at August highs despite subpar economic data around the world, and after conciliatory remarks from Putin.
U.S. stocks pared gains in light volume trading on Monday as investors looked for signs of easing in geopolitical tensions.