USA: Coty acquires OPI distributor in the UK
Coty Inc. has entered into an agreement to acquire UK distributor Lena White Ltd., The Wall Street Journal is reporting. Lena White has served as the main distributor for Coty’s OPI brand in the UK for the past thirty years, supplying professional and retail beauty channels alike. According to Coty, the move will allow the […]
USA: Nestle partners with biotechnology provider Cellular Dynamics International
Nestle has announced that it has entered into a partnership with biotechnology firm Cellular Dynamics International (CDI) as it seeks to invest in research into diet and diseases. In statement, CDI stated that it had signed a long-term agreement to supply stem cells to the Nestle Institute of Health Sciences, although the financial terms were […]
USA: Creme of Nature launches “first 100% plant-derived straightening cream”
Creme of Nature, a brand of Colomer Beauty Brands, has announced the launch of Straight From Eden, a straightening cream that is claimed to be 100% derived from plants and to contain natural oils to prevent damage to hair caused by chemical straightening. Straight from Eden will be available from January at $7.99 -$10.99 from […]
USA: Jamba Juice launches new smoothies and juices
Jamba Juice, which sells fruit juices and drinks through the Jamba Juice restaurant chain, has announced that it is set to launch its new range of Whole Nutrition smoothies and fresh juices made from “whole” ingredients. The new smoothie range, launched to tie into the New Year health push, “reflects the evolving science of health […]
USA: Peak Rock acquires honey supplier Groeb Farms
Private equity firm Peak Rock Capital has acquired honey supplier Groeb Farms from bankruptcy protection, according to Just Food. Groeb Farms has been renamed Natural American Foods and will now be controlled by Peak Rock after the latter reportedly loaned the former $30m. Groeb Farms applied for chapter 11 bankruptcy protection after the honey provider […]
USA: Aldi targets 50% increase in locations over five years
Aldi has unveiled plans to expand its footprint in the US, the Wall St Journal and Nine MSN report. In a statement from the company, plans were revealed that would see a 50% increase in stores over the next five years, as Aldi seeks to become the largest discount retailer in the US. The German […]
USA: Avon announces further job losses as share price falls
Avon, one of the world’s largest direct sellers of cosmetics, has said it will halt further roll out of its order management technology and initiate a further 650 job cuts after the company’s shares fell 5% in early trade. The new redundancies comes on top of the 400 job cuts it announced in April of […]
USA: General Mills shares drop following weak Q2 earnings
US food group General Mills – the maker of Yoplait yogurt – has seen its share price fall 2.38% after reporting Q2 earnings below financiers’ forecasts. The company reported adjusted diluted earnings per share of US $0.83 for the 13 weeks to the 24 November, less than the expected earnings of $0.88 a share. The […]
USA: New chemical-free collection from Herbal Essences
Proctor and Gamble has unveiled a new collection as part of its Herbal Essences range in the USA. The new premium line, called “Naked”, is set to launch in January, according to College Fashion. The new collection, which is named Naked as it does not include any silicon, parabens or colorants, will include three sub […]
USA: Costco sees sales rise in Q1
Costco has seen a 5% increase in group sales in the first quarter. Reporting its Q1 financials, the US wholesaler declared that total sales for the 12 weeks to 24th November increased to US$24.47bn, up on the same period of last year when total sales came to US$23.3bn. The upturn was achieved despite foreign currency […]