L’Oreal USA supports WDS sun screening event
CHARLESTON, S.C. South Carolina physicians representing the Women’s Dermatological Society provided free skin cancer screenings and education to attendees at the Family Circle Cup recently held in Charleston. Leading the local event was dermatologist Marguerite Germain as part of a three-year community service campaign presented in a collaborative partnership with L’Oreal USA.
The three-year outreach, made possible through a grant from L’Oreal USA to the WDS Foundation, draws from the organization’s 1,600 members to heighten sun safety awareness and promote healthy skin practices among outdoor sports enthusiasts. Garnier provided sun protection product donations.
“As we enter the second year of this outreach, we know that educating the public about sun safety is critical. We are proud to be a part of this nationwide efforts as we, along with the WDS, continue to inform both players and spectators of outdoor sports about the importance of sun protection,” stated Philippe Patsalides, general manager of Active Cosmetics Division for L’Oreal.
Energizer Holdings acquires S.C. Johnson shave business
ST. LOUIS Energizer Holdings is expanding its shave business by acquiring from S.C. Johnson & Son the Edge and Skintimate brands for $275 million.
“We are very exciting about combining the Edge and Skintimate brands with our Schick-Wilkinson Sword shaving business, strengthening both in the process,” stated Ward Klein, CEO. “As leading brands in the U.S. men’s and women’s shave preparation category, Edge and Skintimate are a logical and attractive adjacency for our shaving business.”
Under certain circumstances, Energizer may elect to issue to S.C. Johnson, in lieu of cash payment of the purchase price, shares on non-voting redeemable preferred stock, with a liquidation preference of $310 million, and semi-annual dividends.
The acquisition is subject to customary conditions and regulatory approval.
Fusion Brands announces retirement of CEO
NEW YORK Fusion Brands Inc., the manufacturer of LipFusion lip plumper under its FusionBeauty brand, has announced the retirement of CEO Randi Shinder and the sell of her remaining equity in the company.
Majority shareholder, Eugene Melnyk, has agreed to acquire Shinder’s remaining stake in the company for an undisclosed amount, making him the sole owner of Fusion Brands Inc. and Fusion Brands International.
“After eight memorable years as founder and CEO of Fusion Brands Inc., I have decided to sell my remaining equity and take a well deserved break to spend more time with my family,” stated Shinder. “This was a deeply personal decision that took months of contemplation. One of the hardest aspects of my decision was knowing I will be leaving a great team at Fusion Brands, as well as so many supportive industry colleagues that have been integral to my success.”
The company is in the process of appointing a new CEO and expects to make an imminent announcement on Shinder’s successor.
Melnyk acquired a 55% interest in Fusion Brands Inc. and Fusion Brands International in August 2006. Fusion Brands is responsible for the research and development, manufacturing, sales and marketing of the FusionBeauty and Clean product lines, which includes bath and body products as well as home fragrance.
“Randi is an exceptional entrepreneur who took Fusion Brands from a concept and in less than a decade transformed it into an industry leader,” stated Melnyk. “On behalf of the entire team at Fusions Brands, I want to thank Randi for her leadership and congratulate her on the many corporate achievements and industry awards that are a true reflection of her personal drive, determination and creativity.”