P&G releases Olay Professional Pro-X skin care line
CINCINNATI Procter & Gamble has developed a new line of skin care products, dubbed Olay Professional Pro-X, that is being positioned as a professional line for the mass market.
The line is comprised of an Age Repair Lotion with SPF 30, Wrinkle Smoothing Cream, Hydra Firming Cream, Deep Wrinkle treatment, Eye Restorative Complex and Discoloration Fighting Concentrate.
In addition to the six product offerings, the collection also includes an Anti-Aging Starter Protocol, Olay’s first-ever product regimen recommendation. This three-step regimen is a cost-effective way for women to experience the line. It includes two primary solutions: Age Repair Lotion SPF 30 and Wrinkle Smoothing Cream, and one specialized treatment, Eye Restorative Complex.
The line will be available beginning February. The suggested retail price is $42. The Olay Professional Pro-X Anti-Aging Starter Protocol is available beginning in December and where Olay products are sold in January. The suggested retail price is $62.
To develop the line, P&G Beauty Scientists explored how skin-related genes function, interact with one another and, more importantly, respond to aging and environmental stress at the molecular level. Using this insight and genomics tools, P&G Beauty Scientists have learned a healthy, strong stratum corneum moisture barrier is important to allowing maximum inner skin performance. With this knowledge, the company identified combinations of cosmetic ingredients and formulated them into cosmetic moisturizers that promise to protect and strengthen the stratum corneum in aged skin.
“For the first time in history, scientists can capture the complete gene profile of younger skin and compare it to that of older skin,” Greg Hillebrand, P&G Beauty Science said. “Genomics gives us a global picture of what is happening with skin aging and allows us to understand the complexity of differences between young skin and aged skin at the most fundamental levels.”
Alberto Culver reports record sales for Q4 2008
MELROSE PARK, Ill. Alberto Culver, whose brands include TRESemme, Alberto V05, Nexxus and St. Ives, reported record sales and pre-tax earnings from continuing operations for its fourth quarter and fiscal year.
“We are very pleased to have completed another year of record sales and pre-tax earnings growth for Alberto Culver and our shareholders. Despite soft hair care category trends in key markets like the United States and the U.K., we were able to generate high single-digit organic revenue growth in both the quarter and the year,” president and chief executive officer V. James Marino said. “In the fourth quarter, we also successfully completed the divestiture of Cederroth International and, on Oct. 1, acquired Noxzema, adding an iconic, well-known skin care brand to our portfolio.”
As a result of the Cederroth International divestiture, continuing operations exclude the results for Cederroth.
In the fourth quarter, net sales increased 7.3 percent to $386 million from $359.7 million in the year-ago period.
Pre-tax income from continuing operations increased 20.2 percent to $45.4 million from $37.8 million in the year-ago quarter. Excluding restructuring of $1.6 million in the current quarter and $1.1 million in the prior year quarter, pre-tax earnings from continuing operations increased 21 percent to $47 million compared with $38.9 million in the year-ago period.
Fiscal fourth-quarter profit from continuing operations was $20.2 million, or 20 cents per share, compared with $29.4 million, or 29 cents per share, in the year-ago period.
For the fiscal year, net sales increased 9.7 percent to $1.44 billion from $1.32 billion.
Pre-tax income from continuing operations, which includes restructuring and discrete items of $7.3 million in the current year and $33.1 million in the prior year, increased to $170.8 million from $100.8 million in the prior year. Excluding restructuring and discrete items, pre-tax earnings from continuing operations increased 33 percent to $178.1 million compared with $133.9 million in the year-ago period.
Earnings from continuing operations were $106 million compared with $72.6 million in the year-ago period. Diluted earnings per share from continuing operations increased to $1.05 from 74 cents in the year-ago period.
Philips Norelco asks men to sport moustaches for prostate cancer awareness
STAMFORD, Conn. Philips Norelco is teaming up with charitable organization Movember to raise awareness for prostate cancer, a disease that affects 1-in-6 men.
Movember is a global charity event that invites men to grow moustaches for the month of November. The moustache serves as the “hairy ribbon” and the vehicle by which participants in Movember raise funds and awareness for men’s health, specifically prostate cancer.
“How men wear facial hair is an indication of their personal style, and Philips Norelco makes products for every look,” Jacopo D’Alessandris, senior director of customer marketing for Philips Norelco said. “We’re excited to partner with an organization like Movember that encourages men to have fun with their style while helping an important cause.”
Participants are asked to start the month of November clean-shaven. Throughout the month, men can grow their moustaches and groom and style them to reflect their individual personalities. The moustache then becomes the catalyst to discuss men’s health issues with friends, family and co-workers, according to the company.
The “Mo’-vement” concludes at gala parties nationwide—in New York, Los Angeles, San Francisco, Aspen, Chicago and San Diego—where men will shave off their moustaches in celebration of Movember.