Unilever completes Alberto Culver acquisition
LONDON and ROTTERDAM, Netherlands — Unilever has completed its $3.7 billion acquisition of Alberto Culver after obtaining the necessary regulatory clearances to do so, the companies jointly confirmed on Tuesday.
With the acquisition, Unilever becomes the world’s leading company in hair conditioning, the second largest in shampoo and the third largest in styling. Alberto Culver generated annual sales in excess $1.6 billion in fiscal year 2010.
As previously reported by Drug Store News, Unilever will divest the Alberto VO5 brand in the United States from the Alberto Culver portfolio and the Rave brand from the Unilever portfolio.
Helen of Troy reports positive Q4, fiscal-year results
EL PASO — Helen of Troy Limited, a designer, developer and marketer of brand-name household and personal care consumer products, posted a boost in fiscal year revenues in its personal care segment, primarily reflecting its March 2010 acquisition of the Pert Plus and Sure brands.
For the fiscal year ended Feb. 28, net revenue in the personal care division increased 9.4% to $491 million, compared with $449 million in the year-ago period.
For the fourth quarter, the segment posted net revenue of $113 million, up 11%, compared with $102 million in the year-ago period.
On a companywide basis, fiscal year revenue rose 20% to $777 million.
Fourth-quarter revenue soared 55.8% to $237 million.
"We are very pleased with our record fourth quarter and record fiscal-year results. We continue to make progress in achieving our strategic business objectives initiated during the past year. During the fourth quarter, we utilized $77.5 million of our available cash and $194 million of financing for the acquisition of the Kaz business, giving us entry into exciting new product categories, under the well-known and recognized Vicks, Braun and Honeywell brand names," Helen of Troy chairman, president and CEO Gerald Rubin said.
As previously reported, Helen of Troy completed the acquisition of Kaz on Dec. 31, 2010, creating the company’s new healthcare/home environment segment.
Bonne Bell gets makeover, introduces new products
SANTA MONICA, Calif. — Cosmetic brand Bonne Bell has announced that it is entering 2011 with a fresh new look and on-trend products, as well as a new national advertising campaign and website.
Reflecting its "Color Starts Here" philosophy, the teen cosmetics brand launched in early April an updated national advertising campaign and website at Bonnebell.com. The redesigned site focuces on cosmetic education and aims to provide novice cosmetic users with detailed application instructions to create different looks.
New Bonne Bell products include:
Eye Define Set ($7.95), which is a set of six mini-sized eye define pencils in on-trend shades;
Eye Play Set ($7.95), which is a variety of 12 coordinated, on-trend eye shadows for creating the perfect look;
Face Play Kit ($10.95), which includes highlighting powder, rose-colored blush, powder bronzer, two shades of cream concealer and a brush applicator. It also comes with step-by-step instructions;
Lip Play Set ($7.95), which is a lip palette containing 12 shades of lip glosses that can be worn alone or in combination for a bolder, more dramatic lip; and
Lip D’votion lip gloss ($4.50), which is a long-wearing gloss in a twist-brush application for precise application.