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Sluggish performance in Brazil contributed to softer results in Latin America.
Excluding the impact of foreign currency fluctuations, net sales for company's consumer segment during the third quarter of 2014 increased 2.0%, primarily driven adjustments in the U.S. and expected future discontinued products in line with the company's strategy to focus on fewer, bigger and better innovations.
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.
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.
Get Q2 2014 results from Nu Skin, Inter Parfums and Henkel, as well as half year 2014 results from Beiersdorf.