BEAUTY CARE

Black Opal introduces Total Coverage concealing foundation

BY Antoinette Alexander

NEW YORK Black Opal, a skin care and cosmetics line for ethnic beauty shoppers, has introduced Total Coverage Concealing Foundation.

According to the company, the foundation goes beyond camouflaging imperfections by shielding skin from environmental stress through a blend of minerals that include magnesium, potassium, zinc, lysine and sodium.

Total Coverage Concealing Foundation is available in six shades designed to match the major shade range for African Americans. The suggested retail price is $9.25.

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Alberto-Culver to sell Cederroth International

BY Antoinette Alexander

MELROSE PARK, Ill. Alberto-Culver, whose brands include TRESemme, Nexxus and Alberto VO5, has reached an agreement to sell Cederroth International, a Swedish business that manufacturers consumers products in the Nordic region and parts of Europe, to private equity firm CapMan.

Under the agreement, a fund managed by CapMan will purchase all of the outstanding capital stock of Cederroth International AB. The sale, which is subject to regulatory approval, is expected to close during the summer.

“We are very pleased to have found a strong buyer in CapMan with their Nordic region insight and experience in consumer products. For Alberto-Culver, this transaction facilitates our ability to focus on growing our core beauty care brands TRESemme, Nexxus, Alberto VO5 and St. Ives,” stated Alberto-Culver president and chief executive officer V. James Marino.

Alberto-Culver acquired Cederroth International, based in Stockholm, Sweden, in the early 1990s.

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P&G sells off Stamford, Conn. property

BY Antoinette Alexander

STAMFORD, Conn. Procter & Gamble is selling property here that includes a manufacturing plant and two-store office space and will transition employees and manufacturing activities by the end of March 2010.

“Clairol has enjoyed its tenure in Stamford. Now with the sale of this property we are committed to bringing a positive influence to the future of Stamford as a vital community,” stated Patrice Louvet, vice president and general manager of P&G Global Retail Hair Color.

Aside from the 32.68-acre manufacturing plant and 672,654-square-foot office building, the property also includes two single-family residences. The site allows for mixed-use development of residential, retail and a variety of other ancillary uses including medical, government, industrial and flex space.

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