May 5- Cosmetics maker Avon Products Inc reported a surprise quarterly loss and a 16 percent drop in revenue as demand fell further in Brazil and China. In March, Avon sold 80 percent of its North America business to investor Cerberus Capital for $170 million. The net loss attributable to the company widened to $165.9 million, or 38 cents per share, in the quarter...
May 5- Cosmetics maker Avon Products Inc reported a 16 percent decline in quarterly sales as it struggled to boost demand in Brazil and China. Net loss attributable to the company widened to $165.9 million, or 38 cents per share, in the first quarter ended March 31 from $147.3 million, or 33 cents per share, a year earlier. Total revenue fell to $1.31 billion from $1.55...
*Sees $1.2 bln in deal costs over next 4 years. May 3- Perfume maker Coty Inc sharply raised its estimate of costs related to its $12.5 billion acquisition of beauty product brands from Procter& Gamble Co, sending its shares down as much as 7 percent on Tuesday. The New York- based company said it now expected costs related to the acquisition to total about $1.2 billion...
May 3- Perfume maker Coty Inc reported its first profit miss in seven quarters, hurt by higher costs and weak demand for products such as Sally Hansen nail polishes in the United States. Sales in the Americas fell 7.3 percent to $366 million in the three months ended March 31. Coty reported a net loss of $26.8 million, or 8 cents per share, compared with a net income of...
NEW YORK, May 2- Johnson& Johnson was ordered by a U.S. jury on Monday to pay $55 million to a woman who said that using the company's talc-powder products for feminine hygiene caused her to develop ovarian cancer. Following a three-week trial in Missouri state court, jurors deliberated for about a day before returning a verdict in favor of plaintiff Gloria...
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