Cosmetics giant Coty confirms GHD takeover October 16, 2016 American cosmetics giant Coty has announced a £420m takeover of British-based hair products manufacturer GHD. Coty – whose brand portfolio spans Rimmel, CoverGirl and OPI – said that GHD's high-performance lines of hair straighteners, hairdryers, curlers and other appliances would "further strengthen" its position in the professional hair category. Coty's chief executive Camillo Pane said: "Not only do [...]
As Pinterest announces a new video advert format, its success in mobile will hinge on bringing its communities together August 19, 2016 Pinterest announced the launch of a new promoted video format last week which is click-to-play and mobile only. It operates differently to the auto-play formats popularised by the likes of Facebook and Twitter, instead offering a glimpse of the video content and encouraging users to click to see the full content. Pinterest’s in-house creative team, The [...]
Trian takes $3.5bn stake in P&G February 14, 2017 Trian Fund Management has disclosed that it bought a $3.5bn stake in Procter & Gamble, maker of Gillette razors and Crest toothpaste. The move makes Trian the second activist shareholder to become involved in the consumer products giant in the last five years, and it is now the largest stakeholder in P&G by some margin. Read [...]
Agencies need to clean up their acts: Indiscriminate use of programmatic trading is crushing trust in advertising February 11, 2017 Reports showing that advertisers have been unwittingly funding illegal terror groups through an indiscriminate distribution of their online ads confirms something that many already suspected. The relationship between advertisers, agents and online publishers is in urgent need of a re-boot, where transparency and full disclosure make the kind of worrying aberrations reported in The Times [...]
Procter & Gamble shaves its costs and rakes in a rise in sales October 25, 2016 US consumer goods giant Procter & Gamble has posted a surprise rise in sales that sent shares higher in New York, despite warning over growth in coming months. P&G, which owns a variety of brands including Head and Shoulders shampoo and Gillette razors, reported a profit for the quarter of $2.7bn (£2.2bn), or 96 cents [...]
P&G’s earnings Head & Shoulders above Wall Street’s expectations August 2, 2016 Consumer goods giant Procter & Gamble has racked up earnings of $1.95bn, or 69 cents a share, up from $521m in the same period a year ago. Though revenue fell 2.8 per cent to $16.1bn it still managed to handily beat Wall Street’s average estimates of $15.83bn. Sales growth in grooming and health care offset [...]
Procter & Gamble beats expectations but warns over its fourth quarter sending the share price lower April 26, 2016 Procter & Gamble shares dropped in early trading in New York after the company announced third-quarter earnings above estimates, but warned its results in the fourth quarter will be worse than last year. The global consumer goods company, which makes everything from shampoo to toilet paper, said profits rose to $2.75bn (£1.88bn), or 97 cents per share, up from $2.15bn, or 75 [...]
Coty lands sweet smelling $12bn Procter & Gamble beauty deal July 9, 2015 In a transaction valued at $12.5bn (£8.1bn), multinational consumer goods company Procter & Gamble (P&G) has agreed to sell 43 of its brands to global beauty products manufacturer Coty. The various brands acquired by Coty include Max Factor, Hugo Boss and Lacoste, and all compete in the hair care, retail cosmetics and fine fragrance sectors. [...]
P&G to rinse off shampoo units June 9, 2015 HENKEL & Co and Coty, both of which have personal care and cosmetics businesses, made binding offers to buy separate parts of Procter & Gamble’s beauty businesses worth up to a total of $12bn, according to sources. The bids bring P&G one step closer to shedding several assets it considers non-core to cut costs. Henkel [...]
L’Oreal UK chief executive Michel Brousset says the group’s bad hair days are behind it February 12, 2015 Michel Brousset takes a good look at my hair and sits back in his chair again. L’Oreal’s charismatic UK chief executive, himself perfectly coiffed, seems satisfied with what he sees: “You have fine hair, like 65 per cent of British women,” he declares. Hair is far from a trivial matter for the 41-year-old photography and [...]