Ranir acquires Placontrol oral care company
GRAND RAPIDS, Mich. Ranir LLC, a consumer products oral care company, has acquired for an undisclosed amount Placontrol, a manufacturer and marketer of oral care products under the Plackers brand.
“Teaming with Placontrol will accelerate our growth through enhanced new product development capabilities as well as increased supply chain efficiencies,” said Christine Henisee, CEO. “Placontrol is an innovation leader in the flosser category with a significant pipeline in oral care.”
Henisee and chief financial officer Joe Townshend will continue to lead Ranir. Ingram Chodorow, president of Placontrol, will join Ranir’s board of directors, with both Devin Chodorow, VP, and Brett Chodorow joining the Ranir management team.
Ranir, whose consumer product portfolio includes tooth-whitening wraps, whitening trays, dissolving whitening strips and flossers, has expanded its sales platform to include serving virtually all leading food, drug and mass retailers in North America along with some key global branded oral care companies.
Plackers Dental Flossers and interdental brushes are distributed in most major U.S. retail chains such as Walmart, CVS, Walgreens, Rite Aid, Dollar Tree and Kroger. The products are also sold in such European retailers as Tesco and Boots, and in 30 other countries worldwide.
Ulta lowers guidance, despite comps rebound
ROMEOVILLE, Ill. Ulta experienced a drop in customer traffic in the days leading up to Christmas and, despite a rebound to positive comps since the holiday, the beauty retailer has lowered its guidance.
“We were on track during the early weeks of the fourth quarter to deliver our guidance; however, we experienced a significant drop in customer traffic in the 10 key days leading up to Christmas,” stated Lyn Kirby, president and CEO. “We believe that the unprecedented level of discounting and promotion in the apparel category in the last days before Christmas resulted in consumers favoring apparel. Additionally, our customer traffic was negatively impacted by the unusually bad weather just prior to Christmas.”
Kirby noted that the company will continue to work to bolster market share by investing in its stores, brand, marketing and talent. The company, which operates 304 stores across 35 states, has “the financial flexibility to invest in market share strategies and square footage expansion,” Kirby stated.
For the fourth, the company now estimates sales to be between $339 million and $343 million. Previously, the company expected sales to be between $354 million and $368 million. Same-store sales are expected to be between minus 6% and minus 5%, compared with its previous guidance of minus 2% and plus 2%. Income per diluted share is expected to range between 18 cents and 19 cents compared with its previous guidance of between 24 cents and 28 cents.
For the full year, the company now expects net sales to range between $1.082 billion and $1.086 billion compared with its previous guidance of between $1.1 billion and $1.11 billion. Same-store sales are expected to be flat to plus 0.4%. Income per diluted share is currently estimated to be between 41 cents and 42 cents. Previously, the company expected income per diluted share to be between 47 cents and 51 cents. The full year guidance excludes the 1 cent per share severance expense.
Coty announces new CFO
NEW YORK Coty Inc. has confirmed that Michael Fishoff, Coty’s CFO, left the company at the end of December.
He will be replaced by Sergio Pedreiro, who most recently was CFO of the Brazil-based logistics company America Latina Logistica, known as ALL.
Pedreiro is scheduled to begin his new role at Coty on Feb. 1.