Energizer Holdings acquires S.C. Johnson shave business
ST. LOUIS Energizer Holdings is expanding its shave business by acquiring from S.C. Johnson & Son the Edge and Skintimate brands for $275 million.
“We are very exciting about combining the Edge and Skintimate brands with our Schick-Wilkinson Sword shaving business, strengthening both in the process,” stated Ward Klein, CEO. “As leading brands in the U.S. men’s and women’s shave preparation category, Edge and Skintimate are a logical and attractive adjacency for our shaving business.”
Under certain circumstances, Energizer may elect to issue to S.C. Johnson, in lieu of cash payment of the purchase price, shares on non-voting redeemable preferred stock, with a liquidation preference of $310 million, and semi-annual dividends.
The acquisition is subject to customary conditions and regulatory approval.
Fusion Brands announces retirement of CEO
NEW YORK Fusion Brands Inc., the manufacturer of LipFusion lip plumper under its FusionBeauty brand, has announced the retirement of CEO Randi Shinder and the sell of her remaining equity in the company.
Majority shareholder, Eugene Melnyk, has agreed to acquire Shinder’s remaining stake in the company for an undisclosed amount, making him the sole owner of Fusion Brands Inc. and Fusion Brands International.
“After eight memorable years as founder and CEO of Fusion Brands Inc., I have decided to sell my remaining equity and take a well deserved break to spend more time with my family,” stated Shinder. “This was a deeply personal decision that took months of contemplation. One of the hardest aspects of my decision was knowing I will be leaving a great team at Fusion Brands, as well as so many supportive industry colleagues that have been integral to my success.”
The company is in the process of appointing a new CEO and expects to make an imminent announcement on Shinder’s successor.
Melnyk acquired a 55% interest in Fusion Brands Inc. and Fusion Brands International in August 2006. Fusion Brands is responsible for the research and development, manufacturing, sales and marketing of the FusionBeauty and Clean product lines, which includes bath and body products as well as home fragrance.
“Randi is an exceptional entrepreneur who took Fusion Brands from a concept and in less than a decade transformed it into an industry leader,” stated Melnyk. “On behalf of the entire team at Fusions Brands, I want to thank Randi for her leadership and congratulate her on the many corporate achievements and industry awards that are a true reflection of her personal drive, determination and creativity.”
Celebrity hairstylist Billy Lowe launches luxury hair care line
LOS ANGELES Celebrity hairstylist and beauty expert Billy Lowe, who has worked with numerous Hollywood A-Listers and appeared on such hit reality shows as TLC’s “10 Years Younger,” MTV’s “Made” and “Extreme Make-over,” has launched his own luxury hair care line.
The just-launched hair care line contains two shampoos, two conditioners and seven styling products. It is also ideal for color treated hair. The lineincludes:
- Nourishing Volume Shampoo & Conditioner for volume, weightless style and silky smooth hair.
- Daily Hydrating Shampoo & Conditioner for hair that needs a moisture boost.
- Silky Style Cream a styling cream for smoothing hair, fighting frizz and giving brilliant shine.
- Thermal Style & Finish Spray, which pre-treats and protects from thermal styling.
- Protecting Shine Spray, whch protects from UV damage.
- Nourishing Volume Foam, which is a light weight mousse that doesn’t weight hair down.
- Smoothing Gel, which is a great shaper for shorter hairstyles and can be cocktailed with any other product.
- Ultimate Finish Spray, a humidity-resistant hairspray that lets you shape, style, and reshape if needed.
Key product benefits include Asian sugar, which repairs and nourishes hair from within, and soy proteins to help strengthen hair and restore lost amino acids.
“The solutions that I was presented with were anything but complicated. Many other manufacturers offered hundreds of products and the whole process was overwhelming. What I wanted for my clients was a clean and simple line that offered outstanding professional results. Now, people can have red carpet hair just like my celebrity clients no matter where they live,” stated Lowe.