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Latest From Henkel AG & Co. KGaA
Coty ‘Absolutely Not In Fire Sale Mode’ Following Younique Divestiture That ‘Stunned’ Investors
Leadership assured analysts on 6 November that Coty's Professional Beauty and Brazilian businesses are strong performers of high interest to potential acquirers, unlike Younique. Coty recently sold its majority stake in the social selling company back to its founders at a price that raised eyebrows.
Skyn Iceland Yanks Micellar Cleansing Water For Microbial Issue; Henkel Mislabels Skin-Care Items; More Recall News
The same gram-negative bacillus cited in Skyn Iceland’s ongoing recall was detected in lots of La Bella Extreme Sport Styling Gel from the Eden Prairie, Minn.-based Village Company, prompting voluntary action to remove it from circulation. Recent FDA enforcement reports also highlight recalls from Young Living and Henkel for contamination and labeling issues, respectively.
Sexy Hair, Ulta Fail To Dismiss Suit Challenging 'Sulfate-Free' Line
Massachusetts District Court says a plaintiff has satisfied minimal requirements to proceed with her proposed class action, which alleges that the previously named Sexy Hair Sulfate-Free line actually contained sulfates and other salts, contrary to marquee claims. In fact, while reasonable consumers wouldn't think to look there, the ingredients were identified in small print in back-panel ingredient lists, she says.
Sales & Earnings In Brief
Dior perfumes J’Adore, Miss Dior and Dior Homm helped drive organic revenue growth of 9% to €1.73 billion for LVMH’s fiscal 2012 first half. More financial news in brief.
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