CoverGirl to debut NatureLuxe in January
CINCINNATI Procter & Gamble’s CoverGirl is launching in January its new NatureLuxe makeup collection, which includes NatureLuxe silk foundation and NatureLuxe gloss balm.
The NatureLuxe silk foundation contains hints of natural jojoba and rosehip extracts along with cucumber water, which is a lighter alternative to a heavier-feeling emollient. The formula is oil-free and paraben-free and contains SPF 10.
The foundation is available in 14 different shades, each with a suggested retail price of $11.99.
The new gloss balm, which has SPF 15, exchanges select heavier emollients for natural mango, shea and other butters for a lighter feel.
The gloss is available in 16 different shades. The suggested retail price is $6.49 each.
European Commission OKs sale of Sara Lee beauty, detergent businesses to Unilever
DOWNERS GROVE, Ill. — The European Commission has approved the sale of Sara Lee’s global body care and European detergent businesses to Unilever, provided that Unilever divest the Sanex brand of bath and body products in the European market after it acquires the business from Sara Lee.
The global body care and European detergent businesses encompass such brands as Sanex, Radox and Duschdas. The transaction was originally announced in September.
In light of this requirement, the parties will make certain amendments to the share purchase agreement, including an adjustment in the purchase price from Euro 1.275 billion ($1.721 billion) to Euro 1.210 billion ($1.633 billion). The deal is expected to close in December.
Marcel Smits, interim CEO of Sara Lee, noted that the change in proceeds will have no effect on its capital plans, and it will continue with its plan to repurchase $2.5 billion to $3 billion of shares by the end of fiscal 2012.
Goody makes a ‘statement’ at Target
ATLANTA — Hair accessories brand Goody has announced the launch of its new Statements collection, available as of October at Target locations.
The new Statements collection is designed to give women boutique-inspired hair accessories for less. Products in the collection include mini tortoise claw clips, oval tortoise snap clips, tortoise buckle headbands and tortoise ring barrettes.
The suggested retail prices range from $3.99 to $6.99.