British consumer goods multinational Reckitt Benckiser is planning to sell some of its personal care brands, such as Veet hair removal cream and Clearasil acne cream. Sources say that based on estimates of annual earnings before tax, interest, depreciation, and amortization north of £120 million ($154 million), the package of brands that are up for sale is worth approximately £1 billion ($1.3 billion) in a sale. Reckitt Benckiser is claimed …
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Beiersdorf
Beiersdorf, the German personal care heavyweight, has announced it has reached a deal to acquire the Coppertone suncare brand from chemicals firm Bayer for a purchase price of $550 million. Founded in 1944, Coppertone is described as the first sun care brand launched in the US market, and its product range is currently distributed in the USA, Canada and China. It generated sales of $213 million in 2018. Beiersdorf said Coppertone …
German health and beauty company Beiersdorf has announced plans to build a new headquarters and research centre in Hamburg-Eimsbuttel, Germany. Costing €230 million, the new facility will have a total area of about 100,000 sq m and nearly 3,000 “state-of-the art” workstations. The construction will begin this year and it is scheduled to be completed in 2021, according to company press release. “With the construction of our new headquarters in …
Beiersdorf, the German health & beauty firm behind the Nivea brand, has announced that it has “continued on its sustainable, profitable growth path” in 2016, with preliminary annual results showing organic sales rising 3.2% on 2015. The growth was achieved in what the company described as “difficult political and economic conditions in some countries and a considerably tighter competitive situation”. In nominal terms, Beiersdorf reported that sales rose by 1.0% …
Health & beauty firm Beiersdorf announced that it posted organic group sales growth of 3% in 2015, as it released its latest annual financial statements. Announcing that it had “continued on its profitable growth path in 2015 in a challenging market environment”, the firm said that, in nominal terms, sales rose by 6.4% from €6.285 billion ($6.82 billion) to € 6.686 billion ($7.26 billion). In the Consumer Business Segment, organic …
Beiersdof, one of the world’s largest health & beauty companies, has announced that its sales increased 2.3% in 2014, rising from €6.161 billion ($6.958 billion) to €6.285 billion ($7.099 billion). The company said that it had “continued its profitable growth path in 2014 despite a challenging macroeconomic environment”. Organic group sales rose by 4.7%, with the Consumer Business Segment seeing organic sales up by 4.8%. All three of the company’s …
Beiersdorf has reported its second quarter results, posting earnings before interest and tax (EBIT) of 217 million euros ($290 million) and sales of €1.575 billion ($2.09 billion). The company was hit by a slowdown in some emerging markets. According to Reuters, the company had previously seen growing demand from increasingly brand-conscious consumers in Asia, Eastern Europe and Latin America as a way to compensate for saturated Western European economies. Beiersdorf …
German health and beauty company Beiersdorf is to open a new plant in Gurajat, India, the Economic Times reports. The new plant will be 70,000 square meters in size, will cost around Rs 1,000 crore ($166 million) and is planned to be finished by next year. “The Indian business has rapidly grown and we decided to set up the factory to get closer to the market and respond faster to …
Beiersdorf has announced that its new facility in Mexico City, Mexico will be complete by the middle of this year, in a project described by CEO Stefan Heidenreich as the company’s most ambitious anywhere in the world. With an investment of $130 million, the new plant will act as a regional laboratory where products targeted at the Latin American market will be developed. The company plans to transfer part of …
Beiersdorf AG has reported overall growth in sales of 1.7% in 2013, according to its latest trading statement. Total sales for the year totalled €6.14 billion ($8.32 billion), the Hamburg-based manufacturer of personal care products revealed. Sales in the Consumer division, in particular, saw an improvement on previous years. For the first time since 2008, growth was reported in the developed markets of Western Europe. Meanwhile growth was also reported …
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