L’Oreal Paris announces increase in 2007 profit
PARIS French beauty company L’Oreal Paris announced on Wednesday that in 2007 group profit rose 29 percent.
Net profit totaled 2.66 billion euros (U.S. $3.87 billion), representing an increase of 29 percent. Profit excluding one-time gains, such as the Sanofi-Aventis sale in November, increased 11 percent to 2.04 billion euros.
Sales for the period ended Dec. 31 totaled 17.1 billion euros, up 8.1 percent. On a comparable basis, group sales rose 8 percent. As a result of the acquisition of The Body Shop, Sanoflore, Beauty Alliance, PureOlogy and Maly’s West, the net impact of changes in consolidation totaled an increase of 3.6 percent.
Excluding The Body Shop and USA professional distributors, sales totaled 16.1 billion euros ($23.4 billion).
“2007 marks a further very strong increase in the group’s results, reflecting the quality of the management of Jean-Paul Agon and his teams,” stated chairman Sir Lindsay Owen-Jones. “The level of results achieved enables us to propose another substantial increase in dividend to the annual general meeting; in the space of five years, the dividend has more than doubled. This is further proof of the group’s confidence for the coming year.”
For 2008, the company expects to achieve sales growth in its target range of 6 percent to 8 percent, like-for-like.
Freeman uses papaya extracts for hair care
NEW YORK Freeman Beauty has developed Freeman Papaya shampoos and conditioners formulated with papaya extract, a natural humectant and emollient.
Designed to moisturize and protect hair is the new Freeman Papaya & Coconut Color Retention Shampoo and Conditioner. Extracts of papaya and coconut cleans and moisturizes hair while vitamins A and E protect from the sun, adding brilliance and shine to color treated hair
The new products join a line-up of existing Freeman Papaya hair products including Papaya & Awapuhi Volume Shampoo and Conditioner, Papaya & Melon 2-in-1 Shampoo + Conditioner, Papaya & Mango Moisture Shampoo and Conditioner and Papaya & Line Shine Shampoo and Conditioner. The products retail for $3.99 each.
L’Oreal introduces Sportin’ Style hair care for men
NEW YORK SoftSheen-Carson, the ethnic hair care brand that is a division of L’Oreal USA, has announced the launch of its new Sportin’ Style by Sportin’ Waves, a haircare and styling line made just for guys.
The Sportin’ Style by Sportin’ Waves line is comprised of four products: anti dandruff shampoo, conditioning styling gel, moisturizing scalp cream and a shine intensifier.
Developed by SoftSheen-Carson/L’Oreal research and development, the products offer natural ingredients like avocado and aloe, for soft hair and moisture without greasiness. Sportin’ Style by Sportin’ Waves retails for $4.99 each.
Sportin’ Style by Sportin’ Waves:
- Anti-Dandruff Shampoo (Conquer Flakes): treats dandruff while conditioning the hair.
- Conditioning Styling Gel (Step-Up Style): holds hair in place for a finished look.
- Moisturizing Scalp Cream (Fuel-Up Moisture): moisturizes hair while treating dry scalp.
- Shine Intensifier (Power-On Shine): conditions hair with a shine that lasts all day.