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With the plant, the company said every step in the processing of vanilla can now be performed locally on the East African island for the first time.
According to a Kline & Company blog post, the beauty markets in the United Arab Emirates and South Africa show burgeoning possibilities for the professional hair care category.
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.
Packaging suppliers TricorBraun and Vitro have expanded into India and Brazil, respectively, and Fusion Packaging, Aptar and Albée have collaborated on innovative new beauty pack launches.
See the Q4 and fiscal year end results for both The Estée Lauder Companies and Elizabeth Arden Inc., as well as results for Oriflame.
Organic sales grew 2%, including a two percentage point benefit from pricing. Shipment volume was in-line with prior year levels, but net sales were $20.2 billion, a decrease of 1% versus the prior year period.
The L’Orèal Luxe and active cosmetics divisions contribute growth to the multinational beauty company.
For the second quarter of 2014, Avon saw total revenue of $2.2 billion, decreased 13%, or 3% in constant dollars, and beauty sales declined 13%, or 3% in constant dollars.
The company saw net sales of ¥168.3 billion, a 3.7% increase from the same time period for the previous year. Operating income was down 80.2% to ¥1.3 billion, while ordinary income was ¥1.4 billion (-80.9%).
Professional hair care products and Revlon color cosmetics line helps push the company to higher sales in the second quarter of 2014.