Alberto Culver announces double-digit gains in Q4 sales
MELROSE PARK, Ill. Alberto Culver, which in September entered into an agreement to be acquired by Unilever, announced on Monday double-digit gains in its fourth-quarter sales, as net income rose to $41.3 million.
Net sales for the quarter ended Sept. 30 rose 12.1% to $431.9 million. On an organic basis, sales rose 4.9% during the quarter. Net income totaled $41.3 million, or 41 cents per share, compared with $31.7 million, or 32 cents per share, in the year-ago period.
In the United States, sales rose 3.5% during the quarter due to growth in TRESemme and Nexxus hair care brands, according to the company. International sales rose 26.7%, with Latin America and Canada being particularly strong.
As previously reported by Drug Store News, the company has entered an agreement to be acquired by Unilever, which will acquire all of the outstanding shares of Alberto Culver for $37.50 per share in cash, valuing the company at roughly $3.7 billion. The transaction is structured as a merger and is subject to approval by owners holding a majority of Alberto Culver’s outstanding common stock, regulatory approvals and other customary closing conditions.
Gojo reacquires Purell brand
AKRON, Ohio Six years after it sold its hand sanitizer brand, Gojo on Friday announced it reacquired the brand from Johnson & Johnson’s consumer products division.
In 2004, Gojo sold the Purell brand to Warner-Lambert Co. a wholly owned subsidiary of Pfizer. Johnson & Johnson Consumer Cos. acquired the brand as part of the company’s acquisition of Pfizer Consumer Healthcare in 2006. Since then, the Purell brand has experienced significant category growth, with its signature hand sanitizer being used in professional healthcare settings and on the go by consumers.
"Good hand hygiene knows no boundaries," said Gojo president Mark Lerner. "This transaction enables Gojo to expand the Purell product line to include effective hand hygiene solutions for every setting –– at home, at work and on the go."
Sephora expands across the border
SAN FRANCISCO and MEXICO CITY Sephora, which is owned by LVMH Moet Hennessy Louis Vuitton, is establishing a retail presence in Mexico in 2011 via a joint venture agreement with Grupo Axo.
Sephora and Grupo Axo, a strategic partner with more than 15 years of experience in the Mexican market, will begin operations with two store openings in the second half of 2011, and “significant additional store openings” slated for each year thereafter, according to the companies.
The locations will be a “unique retail experience,” and will offer an extensive selection of new and established global brands, as well as local favorites and new finds, tailored to the Mexican consumer, stated David Suliteanu, president and CEO of Sephora Americas.
The deal further signifies Sephora’s expansion intent in the Latin American market following LVMH’s acquisition of a majority stake in Sack’s, an online retailer of fragrances, cosmetics and toiletries in Brazil, earlier this year.