Clean & Clear introduces Soft skin care products
SKILLMAN, N.J. Clean & Clear, a Johnson & Johnson Consumer Products brand, has introduced Soft, a moisturizing line of skin care products for younger consumers.
According to the company, consumer studies have shown that 84 percent of females aged 18 to 24 began using a facial moisturizer before they turned 18. While there are many facial products for young consumers on the market, many of them address acne and problem skin. The new Soft line is designed to be a healthy daily regimen for normal skin.
The line includes Clean & Clear Soft Night Cream formulated with Glycolic Acid that works to clarify skin throughout the night and promote a radiant complexion. There’s also the brand’s first treatment, the Clean & Clear Soft Steam In-Shower Facial, a one-minute treatment that is applied to the skin in the shower. The line also includes Clean & Clear Soft Purifying Cleanser, which is a conditioning, foaming face scrub that cleanses and exfoliates. To protect skin against the elements, there’s also Clean & Clear Soft Daily Moisturizer with SPF 15.
The products have a suggested retail price of $7.99 each.
Dove launches clinical protection for underarms
NEW YORK Unilever’s Dove brand has introduced its strongest form of underarm protection—new Dove clinical protection.
The new prescription-strength formula, available without a prescription, does not contain aluminum chloride, an acidic ingredient, or alcohols such as ethanol. In addition, it contains one-fourth moisturizers to care for and condition underarm skin.
The product, available in Cool Essentials and Original Clean fragrances, has a suggested retail price of $7.99 for 1.7 ounces.
Revlon announces narrowed quarterly loss
NEW YORK Beauty company Revlon narrowed its first-quarter loss and announced plans for a reverse stock split.
According to preliminary first-quarter results, net loss totaled about $5 million compared with a net loss of $35.2 million in the year-ago period thanks in part to cost improvements, and the non-recurrence of brand support related to the launch of Revlon Colorist hair color in the first quarter of last year.
Operating income totaled about $30 million compared with $3 million in the year-ago period, as adjusted EBITDA totaled about $55 million compared with $32.3 million in the year-ago period.
Also benefiting operating income, net loss and adjusted EBITDA was about $6 million in proceeds related to the sale of a non-core trademark, and the non-recurrence of brand support related to the launch of Revlon Colorist hair color in the first quarter of last year.
Net sales totaled $320 million compared with $328.6 million in the year-ago period.
In addition, the company’s board of directors approved a reverse stock split of Revlon’s Class A and Class B common stock as a 1-for-10 split ratio.
“We believe that a reverse stock split is in the best interest of our stockholders because we expect it will allow our stock to be more attractive to a broader range of institutional and other investors, would reduce certain of our costs, such as listing fees, and would be intended to satisfy our compliance with the NYSE’s price criteria for continued listing,” stated Revlon president and chief executive officer David Kennedy.