In Brief: Del Labs
This article was originally published in The Rose Sheet
Del Labs: Considering acquisition opportunities in light of its current financial strength, the company announced Feb. 10. Strong year-end results "enable the company to evaluate and move quickly" on future purchases, Del said. Potential acquisition options might include Tsumura International, which announced Jan. 30 it is for sale ("The Rose Sheet" Feb. 9, p. 8). Tsumura markets the prestige Vitabath bath and spa line and a number of licensed children toiletry products. Net sales for Del increased 12.9% in 1997 to $263 mil., and earnings jumped 41.5% to $13.1 mil. Sales were "particularly strong" in its cosmetics business, the company noted. For the fourth quarter, sales rose 10.9% to $64.8 mil., while earnings grew 40% to $3 mil...
You may also be interested in...
With a push from the Organic Consumers Association, the National Organic Standards Board is recommending that the use of nanotechnology be strictly prohibited from products certified under the National Organic Program
Though global market-size estimates differ, analysts at SupplySide West 2010 in Las Vegas agreed that cosmeceuticals remain a promising growth vehicle
ModiFace launches forecasting tool: Toronto-based virtual makeover firm introduces ShadeCast, a makeup sampling and forecasting tool based on behavioral tracking. ShadeCast is used in conjunction with iPhone application MakeUp, which allows consumers to virtually try on makeup in hundreds of shades from brands including Revlon, Cover Girl, Lancome and Clinique. ShadeCast offers 1,000 cosmetic shades from 40 brands and assigns a ShadeScore "to approximately position the [app's] hottest and most sampled color." ModiFace exec Nikkie Gatto likens the app to radio music playlists, helping consumers "looking to capture the current look, but also provide vital market intelligence to our retail channel partners," she says in Nov. 3 release. "The value of data to demonstrate the aggregate behavior will help the industry predict the latest trends and help cosmetic manufacturers better understand the color and products which most resonate with online and iPhone virtual makeover users," the company says