Amazon.com to buy parent company of Diapers.com, Soap.com
SEATTLE Amazon.com announced that it has reached an agreement to acquire Quidsi, which operates Diapers.com, an online baby care specialty site, and Soap.com, an online site for everyday essentials.
Jeff Bezos, founder and CEO of Amazon.com, said, “This acquisition brings together two companies who are committed to providing great prices and fast delivery to parents, making one of the chores of being a parent a little easier and less expensive.”
Under the terms of the agreement, which has been approved by Quidsi’s stockholders, Amazon will acquire all of the outstanding shares of Quidsi for approximately $500 million in cash, as adjusted for the assumption of options and warrants, and also assume approximately $45 million in debt and similar obligations. Subject to various closing conditions, the acquisition is expected to close in December.
Pucker up for Blistex’s newest lip protection balm
OAK BROOK, Ill. Blistex last week launched its Five Star Lip Protection lip balm as an all-weather, all-season lip balm, keeping lips covered in all weather conditions.
The new lip balm contains an advanced formula that includes glycerin, an ingredient that retains moisture in dry air by pulling in up to 20% of its weight in water from the surrounding environment; candelilla, an ingredient that forms a barrier against moisture-robbing wind; wheat germ oil, which rehydrates heat-stressed lips; calendula oil to help soothe and heal cold-chapped lips that result from colds and the winter months; and four sunscreens that provide a broad spectrum SPF 30 UVA/UVB for year-round sun protection as recommended by the American Academy of Dermatology.
Suggested retail price falls between $1.59 and $2.49.
Elizabeth Arden to develop fragrance line for Taylor Swift
NEW YORK Elizabeth Arden has signed an exclusive global licensing deal with music star Taylor Swift to develop her own line of fragrance products.
The deal includes the development, marketing and distribution of fragrances and ancillary products. The first fragrance will debut in prestige retailers in North America during fall 2011. Swift will be involved in all aspects of product development, packaging and advertising.
"We are very enthusiastic about partnering with Taylor Swift,"stated Ronald Rolleston, EVP of Elizabeth Arden. "Her rise to superstardom has been meteoric, and her multiple awards and incredible record sales are a testament to her extraordinary talent. Equally important to us is what Taylor represents as an artist: a role model who inspires her global fan base every day. We look forward to launching a new fragrance brand that reflects every facet of this extremely talented young artist."