BEAUTY CARE

Kiehl’s Since 1851 introduces limited-edition face cream in support of amfAR

BY Antoinette Alexander

NEW YORK — Skin care company Kiehl’s Since 1851 is maintaining its long-standing tradition of supporting HIV/AIDS charities through a continued partnership with amfAR, the Foundation for AIDS Research. The initiative also involves the launch of a limited-edition ultra facial cream.

To heighten awareness and raise funds for amfAR, the company is embarking on the second annual Kiehl’s LifeRide for amfAR, a seven-day charity motorcycle ride held from July 31 to Aug. 6, throughout the Northeast. With stops at five freestanding stores along the way, Kiehl’s will make donations totaling $75,000.

Inspired by Kiehl’s history with motorcycles, spirit of adventure and philanthropic heritage, the ride will be led by Chris Salgardo, president of Kiehl’s USA, and Alain de Cadenet, Le Mans racer and ESPN "Speed Channel" host, and will include such notable motorcycle enthusiasts as Jason Lee, Mark-Paul Gosselaar, Tyson Beckford, Tricia Helfer, Justin Chatwin, Katee Sackhoff, Teddy Sears, Christopher Redman and Marguerite Moreau.

Kiehl’s also will introduce limited-edition ultra facial cream, a new version of its customer favorite, featuring a special motorcycle motif. Available at Kiehl’s stores nationwide and Kiehls.com, 100% of Kiehl’s net profits from the sale of this product, up to $25,000, will benefit amfAR.

Customers also can support LifeRide by donating $10 to amfAR with their cell phone by texting "LIFERIDE" to 80888 and reply "YES" to confirm.

Kiehl’s will offer a celebration discount of 15% off all purchases at each store the day of its event, and for those unable to attend, Kiehl’s will extend complimentary ground shipping and a week’s supply of Creme de Corps with the purchase of limited-edition or standard ultra facial cream at Kiehls.com.

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Worldwide net sales up, North America net sales down for Colgate-Palmolive

BY Antoinette Alexander

NEW YORK — Colgate-Palmolive reported on Thursday a 9.5% increase in worldwide net sales as North America net sales slipped 3% during the second quarter.

Worldwide net sales totaled $4.2 billion in the second quarter, an increase of 9.5%, versus second quarter 2010. Organic sales (net sales excluding foreign exchange, acquisitions and divestments) grew 3.5%.

Net income rose 3% to $622 million and diluted earnings per share increased 8% to $1.26. Net income and diluted earnings per share in second quarter 2010 were $603 million and $1.17, respectively.

"We are pleased with our solid top and bottom line growth this quarter with worldwide net sales, operating profit, net income and diluted earnings per share all increasing versus [the year-ago period], despite very sharp increases in material costs, an intense competitive environment globally and challenging macroeconomic conditions, particularly in developed markets," Colgate-Palmolive president and CEO Ian Cook said.

"Colgate’s global market shares in toothpaste and manual toothbrushes are both at record highs year to date," Cook added. "Colgate’s share of the global toothpaste market strengthened to 44.6% year to date, up 0.4 share points versus [a] year ago. Our global leadership in manual toothbrushes also strengthened during the quarter, with Colgate’s global market share in that category reaching 31.9% year to date, up 0.7 share points versus [a] year ago."

In North America, which accounts for 18% of company sales, net sales declined 3%, as organic sales declined 4% during the quarter. In the United States, new product launches — including Colgate Sensitive Multi Protection and Colgate Max Clean SmartFoam toothpastes — and the relaunch of Colgate Total toothpaste helped strengthen Colgate’s leadership in toothpaste, with its share of that market reaching 36% year to date, up 0.6 share points versus year ago. Colgate’s strength in manual toothbrushes also continued, the company stated, driven by Colgate 360° Surround, Colgate 360° ActiFlex, Colgate Total and Colgate Extra Clean manual toothbrushes.

Looking ahead in the United States, third-quarter launches include Colgate Optic White toothpaste and manual toothbrush.

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Revlon’s Q2 boosted by Sinful Colors acquisition, net sales for color cosmetics

BY Antoinette Alexander

NEW YORK — Revlon, which has been taking steps to improve its capital structure, posted a boost in second-quarter net sales, largely due to the inclusion of the recently acquired Sinful Colors brand and higher net sales of Revlon color cosmetics.

"In the second quarter of 2011, consistent with our strategy of driving profitable growth, we delivered top line growth of 4%, while supporting our brands at appropriate levels and maintaining competitive operating margins," Revlon president and CEO Alan Ennis said.

"From a marketplace perspective, we introduced successful, innovative, high-quality, consumer-preferred products into the global marketplace, and our acquisition of Sinful Colors is transitioning well and performing to expectations," Ennis continued. "In the quarter, we improved our capital structure by refinancing our bank credit facilities, reducing the interest rates on our debt and extending maturities."

Net sales in the quarter were $351.2 million, an increase of $23.5 million, or 7.2%, compared with $327.7 million in the same period last year. Excluding favorable foreign currency fluctuations of $10.5 million, net sales increased by $13 million, or 4%.

In the United States, net sales were $194.9 million, an increase of $15.6 million, or 8.7%, compared with $179.3 million in the same period last year. The increase primarily was driven by the inclusion of the net sales of Sinful Colors, which Revlon acquired in March, and higher net sales of Revlon color cosmetics.

Net income during the quarter was $6.5 million, or 12 cents per diluted share, compared with net income of $16.4 million, or 31 cents per diluted share, in the same period last year. Net income in second quarter 2011 included charges of $11.3 million, before tax, related to the early extinguishment of debt as a result of the refinancing of the company’s bank credit facilities. The current quarter’s net income also included a foreign currency loss of $1.7 million related to the remeasurement of Revlon Venezuela’s balance sheet.

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