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Acquisition provides Murad with an opportunity to directly manage its growing business in prestige and professional channels in the U.K. and marks a strategic foothold for its planned expansion of existing operations in Europe.
With a net revenue of 405 million Brazilian reals in 2013 and brands well accepted by Brazil's growing middle class, the Niely Cosmeticos Group expected to positively complement the L'Oréal products already offered in Brazil.
Changes in company structure and new leadership developed to execute vision of a "challenger" mentality and strategy of strengthening brands in the marketplace.
Investment funds tender offer to acquire more than 6 million shares of the Arden’s outstanding common stock, approximately 20% of such outstanding stock, at a cash purchase price of $17.00 per share.
Crayton W. Webb has been named to the position of vice president of corporate communications and corporate social responsibility at Mary Kay Inc.
Facing a difficult market reaction and economic environment, the Pola Orbis Group has resolved to dissolve a wholly owned subsidiary in Asia.
Rhône Capital also has advised Elizabeth Arden that, subject to market conditions and applicable legal or regulatory approvals, it intends to increase its ownership of the company’s common stock over time.
See the Q4 and fiscal year end results for both The Estée Lauder Companies and Elizabeth Arden Inc., as well as results for Oriflame.
The beauty market is growing in countries throughout Latin American.
In partnership with Farouk Systems, the Kardashian Beauty hair care line will include hairstyling products, tools and accessories.