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Emerging market growth remained weak with a sharp slow-down in China, while North America shows signs of improvement as the impact of the economic recovery starts to be felt by consumers.
All operating divisions contributed to the 3.5% organic sales growth; company finds success with toothpaste sales across global markets.
Company reports net sales of $20.8 billion, with organic sales in beauty divisions flat; company exists battery business in its effort to focus on its biggest opportunities.
Inter Parfums announced net sales of the company’s ongoing brands (excluding Burberry brand sales) increased 6.0% to $134.2 million; Jimmy Choo sales rose 23% due in part to the successful launch of Jimmy Choo Man and the continued popularity of the brand’s signature scent.
Acquisition will enable L’Oréal USA to build a new dedicated multi-cultural beauty division; strengthen the company's position in the dynamic multi-cultural market segment.
The Estée Lauder Companies acquiring prestige fragrance and sensory lifestyle brand; addition will complement and strengthen the company’s portfolio of brands.
"Beauty destination" designed, in part, to improve consumer access to the Avon brand; site to help educate and engage consumers and will be promoted through a multipronged digital media campaign.
L'Oréal was granted a Chinese business license for Shanghai Episkin Biotechnology Ltd., the company it created to market the Asian version of its reconstructed skin model Episkin.
Bourjois complementary to Coty’s existing color cosmetics portfolio; addition seen as step toward bolstering positions in a number of Western European countries and strengthen its position overall in color cosmetics.
Scannavini resigned due personal reasons, chairman Bart Becht will take over as interim CEO while the company begins search for a successor.