Nalgene, PHA encourage Americans to Drink Up
ROCHESTER, N.Y. — Nalgene, a manufacturer of reusable containers, is teaming up with Partnership for a Healthier America for the Drink Up initiative, a movement that encourages Americans to drink more water. Nalgene has designed an exclusive Drink Up water bottle and will also feature the Drink Up logo on a variety of water bottles at retailers, the company said.
“Simply put, Nalgene products are made for everyday life,” said Eric Hansen, director, Nalgene Outdoor Products. “We are thrilled to team with the Drink Up initiative with our new Drink Up bottle design — from playgrounds to board rooms, reusable water bottles are easy to use and encourage more water consumption.”
Drink Up Nalgene bottles are available at Nalgene.com. The company recently donated 1,500 of the bottles to YMCA of Metropolitan Washington's annual Thingamajig Invention Convention, which provides children with summertime opportunities that will challenge them intellectually and creatively.
CCA Industries posts Q2 results, discontinues Gel Perfect brand
EAST RUTHERFORD, N.J. — CCA Industries, whose brands include Plus+White toothpastes and teeth whiteners, Nutra Nail nail care treatments and Scar Zone scar treatment, widened its net loss during second quarter 2014, and has pulled the plug on its Gel Perfect brand.
"The ugly performance in the first half of 2014 traces directly to the Gel Perfect color nail polish and the company's dietary supplement brand that has heavily weighed down the overall performance for the past 24 plus months. The company has discontinued the Gel Perfect brand as of the end of the second quarter, which is reflected on the company's consolidated statement of operations. Efforts are underway to mitigate the dietary supplement brand's future impact on the business,” stated Richard Kornhauser, CEO and president of CCA Industries.
Kornhauser added that, "The company's core brands, principally, Plus White, Sudden Change, Bikini Zone and Nutra Nail Treatments reaffirms the company's confidence that the restructuring effort and turnaround is on track.”
Net sales for all brands, other than the Gel Perfect and dietary supplement brands, during the second quarter totaled $10.56 million as compared to $8.67 million the same period in fiscal 2013, an increase of 21.7%, he stated.
“This is a result of very positive consumer response to our new brand advertising campaign (media and creative) with consumer sales up significantly for the second quarter versus the same period last year for the Plus White, Sudden Change and Bikini Zone brands. In our judgment, the results show that we continue to have products that meet consumer needs, respond to smart marketing and advertising efforts and, importantly, can deliver long-term shareholder value. These are the brands that we believe will drive our company's performance forward in a highly positive manner,” Kornhauser stated.
Net revenues during the quarter ended May 31 totaled $8.77 million compared with $10.68 million in the year-ago period.
The net loss widened to $4.14 million compared with a net loss of $156,836 in the year-ago period.
Butter London inks investment partnership with Encore Consumer Capital
SEATTLE — Indie beauty brand Butter London has announced that private equity investment firm Encore Consumer Capital has made a majority investment in the company and will form a partnership to help develop and market the Seattle-based brand.
Butter London was founded in 2005 by British entrepreneur Sasha Muir, who built the company into a high-design nail lacquer brand and is famed for pioneering "3 Free" nail care in the service sector.
"We are very excited to be working with Encore, who have a proven track record in growing brands into category leaders while maintaining the integrity and identity of the brand. This partnership will allow us to continue to bring the highest quality products to our customers with speed, quality and care," stated Leslie Freytag, Butter London president and CEO.
"We are excited to begin our partnership with the great team at Butter London to help build upon the brand's attractive and unique positioning in the prestige beauty industry," added Kevin Murphy, managing director at Encore Consumer Capital. "We look forward to supporting the company's introduction of great new products and engagement with its valued retailer partners to drive the brand's growth."