Fragrance company Coty is in talks to buy nail-polish maker OPI Products for about $1 billion, The Wall Street Journal reported.
A deal could be announced as soon as today, the Journal reported without naming its sources, which also said the talks co…
Perfume maker Coty Inc agreed to buy Philosophy Inc., a maker of personal care products, for about $1 billion.
Philosophy is currently owned by private equity company Carlyle Group, Reuters said.
Philosophy focuses on skin products, fragrance, bath…
Avon Products Inc. (AVP) gained in trading on the Germany stock market after British newspaper The Daily Mail said L’Oreal SA (LRLCY) may bid for the company.
Avon’s German-traded shares advanced 6.2% from the Oct. 11 closing price in New York to $35.22 at 12:59pm in Frankfurt, Bloomberg News said.
That would give the company, which is based in New York, a market value of $15.1…
Continue reading Avon Rises in German Trading on Reports of L’Oreal Bid
Avon Rises in German Trading on Reports of L’Oreal Bid originally appeared on DailyFinance on Tue, 12 Oct 2010 07:44:00.
Filed Under: Company News, Retail, Market News
The Greenhouse Spa in the Dallas area is up for sale, a sign that luxury spas are struggling with a weak economy and competition from day spas.
The spa, which counts Cindy Crawford and Grace Kelly among its former clients, charges $4,500 to $5,000 for a weeklong stay, The Wall Street Journal said.
Unfortunately, the spa vacation is less and less popular. In the past, a week of…
Continue reading Greenhouse Spa Up for Sale as Women Shun Luxury Pampering
Greenhouse Spa Up for Sale as Women Shun Luxury Pampering originally appeared on DailyFinance on Wed, 06 Oct 2010 08:22:00.
Filed Under: Company News, People, Retail
Unilever (UL) announced early Monday that it had agreed to buy beauty care company Alberto Culver Company for $3.7 billion in cash.
The deal will make Unilever the world’s leading company in hair conditioning, the second largest in shampoo and the third largest in hair styling, Unilever said in a statement.
“We are delighted to be acquiring Alberto Culver,” Unilever CEO Paul Polman…
Continue reading Unilever to Buy Alberto Culver for $3.7 Billion
Unilever to Buy Alberto Culver for $3.7 Billion originally appeared on DailyFinance on Mon, 27 Sep 2010 06:35:00.
Filed Under: Company News, Technology, Unilever, Retail