L’Oreal introduces mineral-enriched mascara
NEW YORK L’Oreal Paris has announced the launch of its new mineral-enriched mascara.
Bare Naturale Mineral-Enriched Mascara promises flawless lashes with a formula containing 86 percent natural-origin ingredients. Ingredients include aloe, jojoba oil and vitamin E as well minerals. The bristle brush is designed to provide flawless lashes with no clumps. The mascara is paraben-free and fiber-free.
The new product expands L’Oreal’s Bare Naturale mineral cosmetics collection, which also includes Bare Naturale Gentle Mineral Powder, Gentle Lip Conditioner and Gentle Mineral Eyeliner.
Starring in the advertising is actress and L’Oreal Paris spokesperson Penelope Cruz. The ad campaign featuring Cruz was shot in May. Pablo Iglesias styled her hair and Caroline Saulnier did her makeup.
P&G posts strong quarterly growth
CINCINNATI P&G announced on Tuesday that it posted its 24th consecutive quarter of top-line growth at or above the company’s targets as it completed the integration of Gillette.
“We’re leading innovations across the brand portfolio, building value for consumers and customers which is critical to delivering good results in a difficult economic environment,” stated A.G. Lafley, chairman and chief executive officer. “The strength of the portfolio and our focus on innovation and productivity give us confidence that we will continue to deliver sustained growth in the coming year and beyond.”
Beauty net sales rose 11 percent to $5 billion, as net earnings were flat at $569 million. Cosmetics volume grew high-single digits behind the CoverGirl Lash Blast mascara initiative, while skin care volume grew mid-single digits behind strong growth in developing regions. Hair care volume grew low-single digits as strong growth on Head & Shoulders, Rejoice and Nice ‘n Easy were partially offset by declines in professional hair and on Pantene in North America.
Grooming net sales were up 12 percent to $2.1 billion for the quarter, as net earnings increased 31 percent to $396 million. Earnings grew behind sales growth, lower overhead spending as a percentage of net sales and high base period marketing spending to support the Fusion expansion. Volume in blades and razors grew low-single digits as double-digit growth in developing regions behind the geographic expansion of Fusion was partially offset by lower shipments in developed regions. Fusion volume grew more than 30 percent globally in the quarter versus the prior year period. Volume for Braun was down low-single digits as strong growth in developing regions was more than offset by the exists of the U.S. home appliance business and Tassimo coffee appliance business.
Stahl to join Delhaize board
BRUSSELS, Belgium Former Revlon chief executive officer, Jack Stahl, will join the board of directors for Belgian international food retailer Delhaize Group.
Stahl will serve as an independent director, filling in the vacancy created by the departure of Dr. William Roper until the next Ordinary General Meeting in May 2009. At that time, the board will submit Stahl’s appointment as member of the board and as an independent director to the shareholders.
Roper has decided to step down as a director to pursue other opportunities in the medical and related fields. Roper is dean of the School of Medicine at the University of North Carolina at Chapel Hill and chief executive officer of UNC Healthcare System, a biomedical research institution in North Carolina.
Stahl last served in the role of president and chief executive officer of Revlon from 2002 to September 2006. Before joining Revlon, Stahl had a 22-year career as an executive with the Coca-Cola Company culminating in the role of president and chief operating officer. He also served as chief financial officer and group president of Coca-Cola North America.
He currently serves on the boards of pharmaceutical company Schering-Plough and the soft drinks company Dr Pepper Snapple Group. He is also a board member of several non-profit organizations such as The Boys and Girls Clubs of America and The United Negro College Fund.