Colorlab Custom Cosmetics, a Rockford-based makeup manufacturer, is moving into Sears as the department store chain expands its beauty business and looks for tenants. Get the full story »
Inside these posts: Personal care
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Street beats Alberto, despite 30% fiscal 1Q gains
Alberto-Culver Co.’s fiscal first-quarter earnings rose 30 percent, missing Street estimates, as currency fluctuations and rising input costs dampened sales growth.
The personal-care product maker’s shareholders approved its $3.7 billion acquisition by consumer products giant Unilever PLC last month after it conceded in November to some institutional investors’ demands for the company to make itself more amenable to competing offers. Get the full story »
J&J under fire for tampon supply problem
Johnson & Johnson, already under fire for a string of product recalls, has another public relations issue on its hands after its o.b. tampons temporarily disappeared from stores and little was said about what happened. Get the full story »
Ulta ups outlook on strong holiday sales
Ulta Salon, Cosmetics & Fragrance Inc. said Thursday that revenue at stores open at least a year surged 9.5 percent for its seven-week holiday period. The strong performance prompted the beauty retailer to boost its fiscal fourth-quarter earnings and revenue outlooks. Its stock jumped $1.60, or 4.6 percent, to $36.12 in morning trading. Get the full story »
Alberto Culver tops Street on international sales
Alberto Culver Co. reported a better-than-expected quarterly profit, boosted by strong sales in Latin America and Canada.
Net income at the maker of Alberto V05 and TRESemme shampoos rose to $41.3 million, or 41 cents a share, in the fourth quarter ended Sept. 30, up from $31.7 million, or 32 cents a share, a year earlier. Get the full story »
Alberto Culver deal may draw interest from rivals
Bloomberg News | L’Oreal SA and Henkel AG could be interested in Alberto Culver Co., which Unilever yesterday agreed to buy for $3.7 billion, JPMorgan Chase & Co. analysts said.
Alberto Culver shares rose 20 percent to $37.64 yesterday after the deal was announced, above the $37.50 a share Unilever agreed to pay for the maker of VO5 and TRESemme hair-care products. Unilever said there is a $125 million breakup fee if the deal is terminated. Get the full story »
Unilever to buy Alberto Culver for $3.7B
Gina Boswell, president of global brands, stands in an Alberto Culver lab in 2008. (Chicago Tribune/Alex Garcia)
Consumer goods group Unilever will buy U.S. hair and skin care company Alberto Culver for $3.7 billion in the latest move to rebalance its portfolio toward higher growth lines.
The news sent Alberto Culver stock up 20 percent to $37.73, near its 52-week high of $32.08, in midday trading.
Unilever’s biggest acquisition in a decade will add brands such as V05, TRESemme and Nexxus to Unilever’s existing Dove and Sunsilk, and make it the world’s leading company in hair conditioning and the second largest in shampoo. Get the full story »
