After having acquired The Art of Shaving on the 3rd of June, P&G has announced the takeover of New York brand Zirh. This is a further strengthening on the part of the group aimed at men and reveals the extent to which they are banking on developing the men’s products market.
It is in China that Beiersdorf has chosen to install its new factory dedicated to its headline brand, Nivea. This represents an investment of €18 million for the German cosmetics group, which is expecting a drop in sales in 2009.
The German supplier of scents and active ingredients for perfumery, cosmetics and dietary industries, Symrise, has announced that Heinz-Jürgen Bertram will take over as head of the company from the 1st of July.
The principal shareholder of L’Oréal, Liliane Bettencourt, has once again refused a medical evaluation requested by prosecutors in the inquiry into gifts of almost €1 billion that she gave to the photographer François-Marie Banier.
Shares in Italian jeweller Damiani SpA fell on Monday 15 June after the release of its full-year results on Friday 12 June, which showed a swing to a loss and a 14 percent fall in revenues, hit by weak economic conditions.
Italian retailer Gruppo Coin SpA's first-quarter results were flat as cost cuts offset weak sales, the company said on Wednesday 10 June. Net profit for the quarter ended April 30 was unchanged at 800,000 euros ($1.13 million).