Estee Lauder has a beautiful year in Britain August 27, 2014 Fashion house Estée Lauder UK retail sales were up 10 per cent for the fiscal year ending 30 June. Britain is the second largest market for the company, which outperformed the Prestige Beauty sector market, where retail sales were up 5.4 per cent.
US budget to be released – The week ahead on Wall St February 1, 2015 BARACK Obama will be in the spotlight today, as the White House unveils its budget for the 2016 fiscal year. The President is expected to call for an increase in domestic and military spending, as well as a tax on firms’ foreign earnings. Employment, automobile and sales data, all due out this week, are expected [...]
Croda share price drops after profit warning June 24, 2014 Croda, the world's second-largest supplier of cosmetic ingredients, has seen its share price drop more than eight per cent in early trading this morning following a profit warning. The FTSE 250-listed global chemicals manufacturer, which counts Procter & Gamble, Unilever, L’Oreal and Estee Lauder among its customers, has warned that second quarter pre-tax profits will be about [...]
Chemical firm Croda’s financial chief Sean Christie to step down June 18, 2014 FTSE 250-listed chemicals manufacturer Croda announced yesterday that its finance chief would be stepping down next year. Sean Christie, who has worked at the firm since 2006, will remain at Croda until April 2015 to facilitate the board’s search for his replacement. “I have thoroughly enjoyed the role and all its challenges, but have decided [...]
Luxury skincare products help Estee Lauder post higher sales October 31, 2013 ESTEE Lauder reported higher sales yesterday, led by gains in its luxury products such as La Mer skin cream, that helped it overcome softness in South Korea and southern Europe, and the beauty group maintained its full year sales forecast. Lauder, known for its namesake brand as well MAC, reported net income of $300.7m (£187.5m) [...]
City Moves for 22 April 2014 | Who’s switching jobs April 21, 2014 DWF The law firm has appointed Stephen Miles as chief executive of its commercial services division. He joins from Pinsent Masons, where he was head of financial institutions and human capital, and a member of its leadership team. Miles is a transactional banking lawyer, and has acted for the national acquisition and leveraged finance teams [...]
Croda takes on JP Morgan Caz October 31, 2012 Global manufacturer of speciality chemicals Croda, which counts Procter & Gamble, Unilever, L’Oreal and Estee Lauder among its customers, yesterday said it had appointed JP Morgan Cazenove as joint broker, alongside Morgan Stanley, with immediate effect. In July it reported a six per cent increase in first-half profit, thanks to increased sales of high margin [...]
Croda takes on JP Morgan Caz October 31, 2012 Global manufacturer of speciality chemicals Croda, which counts Procter & Gamble, Unilever, L’Oreal and Estee Lauder among its customers, yesterday said it had appointed JP Morgan Cazenove as joint broker, alongside Morgan Stanley, with immediate effect. In July it reported a six per cent increase in first-half profit, thanks to increased sales of high margin [...]
US corporate results round-up November 1, 2012 Avon slashes payout after earnings drop AVON slashed its dividend by nearly 74 per cent yesterday, while also announcing measures to cut costs by at least $400m within three years in moves designed to shore up its finances while its new chief executive officer works on a turnaround. The company also reported a steep plunge [...]
The most influential people in beauty and makeup September 24, 2012 1. Maksymilian Faktorowicz (1872-1938) He founded Max Factor, which started as a theatrical make up shop and grew into a cosmetic empire. 2. Elizabeth Arden (1884-1966) She founded the brand, under her own name, which became international in 1915. 3. Charles Revson (1906-1975) He created the world famous makeup company Revlon, launched in 1932. 4. [...]