Swiss food group Nestle and France's Bettencourt family said on Thursday 9 April they would extend their pact on cosmetics company L'Oreal, in which both Nestle and Bettencourt own roughly 30 percent stakes.
Consumer-goods maker Chattem Inc reported quarterly results below market estimates, hurt by a 45 percent drop in international revenue, and lowered the upper end of its earnings outlook for the current financial year.
In 2002, Falic Group bought Urban Decay from LVMH. Seven years later the American cosmetic brand, with headquarters in Newport Beach, has changed hands again and gone to Castanea Partners. The sum of the transaction has not been revealed.
Beauté Prestige International has named Léa Vignal-Kenedi as vice-president of Narciso Rodriguez Parfums. She will be kept busy with the development of a new fragrance for women, expected to launch internationally in April 2009.
From 2-5 April Milan will pay homage to perfume and host the first edition of the tradeshow for professionals “Esxence – The Scent of Excellence”. 85 brands will be present, including the biggest names in the business.
The leader in global cosmetics L’Oréal announced on Friday March 27 that it would reorganise its luxury products divisions and transfer the work currently done in a Spanish factory to its sites in the north of France
Marks & Spencer (MKS.L) has shown it can sort out self-inflicted problems and come up with steps to mitigate the recession, but the jury remains out on whether more radical surgery is needed for a lasting recovery.
French drugmaker Ipsen and its partner Galderma have won French marketing approval for anti-wrinkle treatment Azzalure, a rival to Allergan's Botox. Ipsen shares rose 2.5 percent to 28.70 euros by 0753 GMT.