BEAUTY CARE

Tabs Group announces Unilever agreement for total store analytics service

BY Allison Cerra

SHELTON, Conn. A marketing research and consulting company announced the extension of its contract with Unilever.

Tabs Group — founded in 1998 by company president Kurt Jetta — said that its total store analytics service by will utilized by Unilever. Tabs Group said its service is a better way to conduct sales and marketing analytics in the consumer product and private equity industries.

The terms of the deal were not disclosed.

“We are pleased by the commitment Unilever has shown to Tabs Innovation.  We are excited to enhance our deliverables as we assist Unilever with its retail engagement,” Jetta said. “We are committed to assist Unilever in all matters related to advanced selling and retail support.”

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L’Oreal USA to acquire Essie

BY Antoinette Alexander

NEW YORK L’Oreal USA has signed an agreement to acquire the Essie cosmetics business, a move that will bolster L’Oreal’s share in the nail color and care market.

Financial terms of the deal were not disclosed. The acquisition is expected to be completed within 60 to 90 days, and is subject to customary U.S. and international regulatory approvals.

Essie Weingarten founded the Astoria, N.Y.-based company in 1981 and still serves as the company’s president today. The company offers a growing line of nail colors, treatments, accessories, spa products and lip glosses. Essie’s net sales through the last 12 months were $28 million.

“This strategic acquisition will enable L’Oreal to increase our share in the nail color and care market, which has seen significant growth year over year,” stated Frederic Roze, president and CEO of L’Oreal USA.

Weingarten and Max Sortino, CEO of Essie, will continue to play a pivotal role under a multi-year agreement. “It’s a perfect match,” stated Weingarten. “This acquisition presents a tremendous opportunity to allow the Essie brand to grow even stronger. With Max and me as part of the team, we will be able to provide our customers with a greater level of service as we take the brand to new heights.”

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P&G board members Lee, Snyderman retire

BY Antoinette Alexander

CINCINNATI Procter & Gamble has announced the retirement of Charles Lee and Ralph Snyderman from its board of directors.

Lee has been a director since 1994 and Snyderman has been a director since 1995. They both recently celebrated their 70th birthday.

Current director, Patricia Woertz, has been designated chair of P&G’s audit committee while the chair of P&G’s innovation and technology committee will be taken by current director, Scott Cook.

“Chuck and Ralph have served P&G’s board with distinction for more than 15 years. Their insights, counsel and leadership have been invaluable,” stated Bob McDonald, P&G’s chairman of the board, president and CEO. “We will miss them both but wish them continued success.”

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