M&M Products Co.’s Sofn’freen’Pretty line extended
ATLANTA M&M Products Co., an ethnic hair care company, is extending its 10-year-old Sofn’freen’Pretty line for girls to combine olive oil with sunflower oil into everyday maintenance products for ethnic hair.
This spring, the line, geared toward girls aged 5 to 12, will include Sofn’freen’Pretty Olive & Sunflower Oil Moisturizing Lotion, Edge Tamer, and Hair and Scalp Cream.
The new products have a suggested retail price of $3.99 each and will be sold at beauty supply stores, select retailers and on the company’s Web site.
To further help children maintain healthy hair, the company has also created “The ABCs of Hair Care,” a pamphlet that lists 26 tips and facts about the hair, ranging from styling tips to good eating and sleeping habits. The pamphlet will be available alongside the products at select retailers and on the company’s Web site.
Procter & Gamble expands partnership with Dolce & Gabbana
CINCINNATI Procter & Gamble is expanding its partnership with high-end fashion house Dolce & Gabbana by entering the upscale cosmetics market.
According to a Wall Street Journal report, designers Domenico Dolce and Stefano Gabbana will launch in April the line of luxury cosmetics at Saks Fifth Avenue. The collection includes $59 foundation, $30 lipstick and $44 rouge in gold-tone packaging. Furthermore, the lipstick will have a light rose scent with a tube that “clicks, like an antique box,” when it is closed, Gabbana told the WSJ.
While cosmetics are a way for the fashion house, which has 15 U.S. boutiques, to reach a broad audience, the move will also help P&G showcase its Dolce & Gabbana fragrances. The two entities teamed up three years ago to produce fragrances.
According to the report, P&G officials have stated that Dolce & Gabbana’s fragrances gained market share last year as U.S. fragrance sales fell overall 6% to $2.68 billion, according to market researcher NPD Group. P&G says Dolce & Gabbana fragrance sales have tripled in the last three years. In 2008, the brand became one of the top-three highest selling fragrances in the United States, according to the company.
Physicians Formula board member Brown to resign
AZUSA, Calif. Physicians Formula board member Sonya Brown will resign from the board of directors on April 24, according to a filing with the Securities and Exchange Commission.
Brown’s decision is not the result of any disagreement with the company or any matter relating to the company’s operation, policies or practices, the filing stated. The nominating and corporate governance committee is proceeding with plans to recruit a successor to Brown.
In separate company news, the beauty company has postponed its fourth quarter and fiscal year 2008 earnings release and conference call originally scheduled for March 9. The company stated that it postponed its earnings release and conference call in order to complete remaining items in connection with its completion of its year-end financial reporting process.
The company will announce a new date and time for the release, which is expected by the end of March.