NAD asks for amendments to DermaSilk efficacy claims by maker
NEW YORK The National Advertising Division of the Council of Better Business Bureaus on Friday recommended that BioTech Corporation International, which markets the DermaSilk Anti-Wrinkle dietary supplement, modify or discontinue certain claims for the product, such as “a revolutionary, age-defying anti-wrinkle supplement,” or “it’s like getting a face-lift without the invasive surgery.”
NAD further recommended that the advertiser modify the remaining claims to more accurately reflect that there is emerging evidence that some of the ingredients in DermaSilk may potentially improve the appearance of aging skin and reduce oxidative stress on the skin.
The company, in its advertiser’s statement, said that while the company is “pleased” with NAD’s decision regarding the use of certain claims in the context of emerging science, “we respectfully disagree with NAD’s other findings.”
Nevertheless, the company said, “it supports the self-regulatory process and intends to consider all of NAD’s recommendation in future advertising.”
Inter Parfums reports results for Q3 2008
NEW YORK Inter Parfums, which develops and supplies mass market fragrances as well as personal care products for such specialty retailers as Gap, Banana Republic and New York & Company, posted third quarter results.
Net sales for the quarter rose 21 percent to $123.5 million from $102.3 million in the year-ago period. At comparable foreign currency exchange rates, net sales rose 16 percent.
Sales by U.S.-based operations rose 4 percent to $14.7 million from $14.2 million in the year-ago period.
Net income rose 9 percent to $6.2 million compared with $5.7 million last year. Diluted earnings per share increased 11 percent to 20 cents from 18 cents per diluted share.
“Net sales by U.S.-based operations rose 4 percent despite the high hurdle set in last year’s third quarter with the rollout of Gap personal care products to their North American stores. In the current third quarter, the year-over-year sales growth by U.S.-based operations was primarily attributable to the international distribution of both Gap and Banana Republic products,”said Jean Madar, chairman and chief executive officer of Inter Parfums. “The final quarter of 2008 will include initial sales of Brooks Brothers New York, our first new fragrance collection for men and women, which is now in all U.S. Brooks Brothers locations. Also the color cosmetics we developed and produced for bebe stores are now in their U.S. stores and we are making progress with a signature fragrance for the brand, which is expected to come to market next year.”
Drom names Verspoor to position in creative perfumery group
MUNICH, Germany Fragrances has announced the addition of Kevin Verspoor to its creative perfumery team.
Verspoor joins drom from Fragrance Resources. His experience also includes working at several houses such as Symrise, Manheimer and IFF.
During his career, Verspoor has helped create fragrances for Jennifer Lopez, Bath and Body Works, Victoria?s Secret, Slatkin and Company, Riviera Concepts and Sephora.