Europe Performs Well in Inter Parfums’ Three-Month Results Ending June 30, 2014

Posted: July 24, 2014

Inter Parfums, Inc. announced that, for the three months ended June 30, 2014, net sales of the company’s ongoing brands (excluding Burberry brand sales) increased 22.1% to $118.2 million, as compared to $96.8 million for the corresponding period of the prior year. At comparable foreign currency exchange rates, consolidated second quarter net sales from ongoing brands increased 20%. When including Burberry brand sales, consolidated 2014 second quarter net sales increased 0.6% as Burberry brand sales amounted to $20.7 million for the second quarter of 2013 and represented the sale of inventory to Burberry and authorized sell-off of remaining Burberry finished goods. Inter Parfums plans to issue results for the 2014 second quarter on or about August 11, 2014.

For its European-based sales, Inter Parfums reported $94.7 million in sales for the three months ended June 30, 2014, a 31.2% increase from sales of $72.1 million in the same time period in 2013. For U.S.-based sales for the three months ended June 30, 2014, results were $23.5 million, a -4.7% decreased compared to sales of $24.7 million for the same time period in 2013.

Discussing European-based operations Jean Madar, chairman and CEO of Inter Parfums, noted, “New product launches helped drive the 31.2% increase in second quarter ongoing brand sales. Montblanc brand sales were up 88% with the spring launch of the second men’s line, Emblem, in addition to the steady gains from the brand’s Legend fragrances. Also in the spring, our first Karl Lagerfeld fragrances were introduced; these signature scents for men and women delivered approximately $4 million in incremental sales during the second quarter of 2014. Our top line also benefited from solid performances by Repetto’s signature scent, along with improving sales of existing collections from S.T. Dupont and Paul Smith. In last year’s second quarter, Jimmy Choo brand sales rose more than 40% driven by the launch of Flash, which helps to explain why Jimmy Choo sales declined 6% in the current second quarter when no new products were introduced. However, based on a higher than expected backorder log for Jimmy Choo Man to be launched in the fall, more robust sales are anticipated for the second half. Lanvin also faced a difficult comparison against the launch of Lanvin Me in the prior year period; however, a strong performance by the Eclat d’Arpège enabled the brand to slightly exceed its 2013 second quarter sales.”

Madar further noted, “U.S.-based sales declined modestly due to a challenging comparison with the prior year period when we took over the manufacture and distribution of Dunhill legacy fragrances. However, we are growing that brand and the others that we added in late 2012 and 2013 by launching new products and pursuing expanded distribution. In that regard, we will begin shipping our first all new Dunhill fragrance called Icon during the fourth quarter of 2014, and will be in selective distribution until early 2015. Our early spring launches, Fatale and Fatale Pink for Agent Provocateur, have been well received in international markets, and we expect momentum to continue with the commencement of U.S. sales in the fall. Initial distribution of La Nuit de Bohème for Anna Sui began in June, and will culminate late this year with its debut in China. We also plan to launch our inaugural fragrance collection for Shanghai Tang in China later this year, followed by a select international roll-out in 2015.”

Russell Greenberg, Inter Parfums’ executive vice president and CFO, stated of the 2014 guidance, “With respect to our 2014 outlook, we continue to expect net sales of approximately $495 million, which represents nearly 15% growth of our ongoing brands. We are narrowing our guidance for net income attributable to Inter Parfums, Inc. to the range of $0.93–0.95 per diluted share. As in the past, we will update our guidance as appropriate as the year progresses and our visibility improves.” Guidance assumes the dollar remains at current levels.



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New Certifications, 2016 Color Trends, and More Beauty Ingredient News and Launches for Late July 2014

Posted: July 29, 2014

BASF announced an increase in its prices for 1,6-hexanediol (HDO) in Europe as of July 21, 2014,or as contracts allow by €150 per ton. The price adjustment will be done to reflect the increased operating and logistics, as well as raw material, costs and to assure highest levels of product and service quality to its customers.

TRI-K Industries, Inc. announced four of its raw materials are now EcoCert approved: Baobab Tein NPNF, Quinoa Pro NPNF, Rice Tein NPNF and TRIglyphix Sense. These products can be used in any EcoCert or COSMOS compliant formulation.

Evonik Industries now offers the beauty industry products that have been certified in accordance with the standard of the Roundtable on Sustainable Palm Oil (RSPO). This includes emulsifiers and consistency enhancers used in creams and lotions, for example.

Impact Colors announced it will release Color Trends 2016+, its original forecast of the trends in personal care and cosmetic solutions, in September 2014. The trend and color forecast presentation, now in its seventh consecutive year, was exclusively developed by industry trends and market development expert, Sunny Maffeo of Sunny Maffeo Partners, LLC. Color Trends 2016+ will feature 20 pigment samples formulated for special effects applications. In preparation for the release, Impact Colors is hosting a series of in depth training events to prepare its international team of distribution partners to bring Color Trends 2016+ to their markets.

Faced with growing global demand, KH Neochem Co., Ltd. announced it has increased production capacity of its 2-ethyl hexanoic acid by 10%.

New Launches

Bio-Botanica announced its Zea Botanicals botanical extracts are now available with Zemea propanediol, an all-natural, preservative-boosting humectant from DuPont Tate Lyle that can be used to replaced the petroleum-based glycols such as propylene glycol and butylenes glycol, as well as glycerine, in ingredients. This helps the eco-coconsciousness of the product.

Silab developed Cohesium, a repairing and moisturizing active ingredient, rich in purified ophiopogon tuber fructosans. It works to normalize the barrier function of skin, stimulating the natural synthesis of lipids and optimizing their organization. In addition, it has a positive action on the formation of tight junctions and keratinocyte differentiation, and it contributes to skin hydration by increasing the levels of NMFs (natural moisturizing factors), biological humectants for the stratum corneum. Therefore, Cohesium maintains an effective epidermal barrier and ensures tailored skin hydration in any moisturizing and restructuring skin care products.

Greentech launched a new range of oily actives named the GreenSofts. These constitute a line of functional active ingredients that will offer new solutions for several beauty product categories. Through this venture, Greentech developed Soft Butters, GreenSofts that combine properties of Soft Butters with higher feel sensory and auto-emulsion capacities. The GreenSofts can be easily included into formulations such as cleansing creams, cream-oil body washes, in-shower body lotions and more to help offer a silky and soft touch formulation. They also can boost the biological activity of the beauty product.

Brookfield Engineering introduced Rheo3000 V.2 Software for use with its new family of RST Touch Screen Rheometers. Utilizing the power of Rheo3000 V.2, RST Rheometers offer a quick and comprehensive capability for making rheological measurements. Rheo3000 V.2 is 21 CFR compliant, including controlled user access and data integrity/security. It can perform a wide variety of tests, including viscoelastic modulus, yield stress, viscosity vs. shear rate profile, thixotropy calculation, creep behavior, recovery after flow, and temperature sensitivity. And Rheo3000 V.2 Software provides visual information and test data on viscoelastic behavior such as viscous creep and recovery. Quality Control Mode enables tolerance bands to be placed around measurement data for immediate visual pass/fail determination.

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Full Service Event: Luxe Formulation to Launch at 2014 Luxe Pack Monaco

Posted: July 28, 2014

Luxe Pack Monaco announced that, in 2014, the event will open its doors to the suppliers of beauty formulation, subcontracting and full service development to help present a global showcase for beauty, cosmetic and fragrance brands. Called Luxe Formulation, the event will inaugurate October 2014, creating a platform for professionals in the businesses of standard or customized beauty formulation, packaging, filling, full service, private label brands and all associated services.

“At a time when the packaging/content correlation is increasingly strong and increasingly strategic, the creation of this new space at the world trade fair for creative packaging seemed vital to us. Luxe Formulation offers a genuine visitor bonus for all the perfumery-cosmetics brands attending the trade fair every year,” explains Nathalie Grosdidier, managing director of Luxe Pack Monaco.

Luxe Formulation at Luxe Pack Monaco, which is taking place October 27–29, 2014, will be occupying the Hall Gênois pavilion at Grimaldi Forum.

Business and conviviality will be the order of the day, with an exclusive program of workshops, conferences and dedicated round tables that will address, among others, technical and regulatory questions, and topics linked to innovation. Speakers include beauty industry members and expert panelists from the Pole PASS Business Cluster, FEBEA, Allizé Plasturgie, CTCPA, Lille 1 University, Cosmed, the INSMAR Hub, Sofia Cosmétiques, Asepta-SED-ADAM Laboratories Group, CEDIP, Beautystreams, Seppic, Soliance, L’Oréal Research Innovation, and the EBI formulation division, among many more, and topics include “Chemical Physics and Cosmetic Formulation: The Art of Understanding Products,” “Limiting the Risks of Container-Contents Interaction,” “Good Practices in Cosmetics Manufacturing,” “Autumn-Winter 2015/16 Forecast: Color Texture Directions for the Beauty Industry!,” “Niche Perfumes’ DNA,” “Successful Formulation of Biosourced Ingredients,” and more.

More information on the Luxe Formulation segment of Luxe Pack Monaco is available here.

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Red Hot Claims: The Benchmarking Company Shares Stats on Claims and Consumers

Posted: July 28, 2014

The Benchmarking Company released a Beauty by the Numbers infographic that focuses on claims and their use in the beauty industry. They asked, do claims matter to women, and do they even notice them? How influential are claims in consumer brand purchasing decisions? And what makes for a good claim?

According to the numbers from The Benchmarking Company’s infographic, 85% of all their surveyed consumers said they notice beauty or cosmetic claims in brand advertising or on packaging. Additionally, 91% of women said consumer claims are important to them when considering the purchase of a high-cost prestige beauty product while 7 out of 10 women said consumer and clinical claims are influential in their decision to buy any beauty product.

As to what beauty shoppers are looking for in product claims, The Benchmarking Company found the top three factors women for in a claim include similar concerns, the age of those making the claims and ethnicity.

  • 93% said they were influenced by claims made by a panel of women who have a similar skin care concern to them;
  • 91% said they are influenced by claims made by a panel of women their own age; and
  • 78% are influenced by claims made by a panel of women of their own ethnicity.

The Benchmarking Company found claims were most important in the beauty categories of:

  • anti-aging skin care products
  • body care solutions
  • troubled skin solutions
  • cosmetics
  • hair care

And more than half of the consumer surveyed said they more readily trust a product will work when they see claims on its packaging or in its ads. Ninety-three percent (93%) of women said they expect proof in the form of a consumer claim when looking to purchase anti-aging products, in fact.

Additionally, The Benchmarking Company found that when consumers were show consumer and clinical claims from actual print ads, they stated the consumer claim to be more compelling than the clinical claim for the same product.

Other Beauty by the Numbers infographics can be found here.

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A Continuing Climb for At-Home Beauty Devices

Posted: July 24, 2014

In a post titled “New Products + Consumer Education: The Keys to Success for At-home Beauty Device Market in 2014,” Kline Blogs looked into the building growth of at-home beauty devices, highlighting the category hot spots and standout products, as well as what skin care concerns consumers are eager to address with this type of product.

According to the post, “Building on a solid foundation, the at-home beauty devices market continues to gain prominence globally. Marketers continue to lure consumers this year with improved technologies on existing products, new entries altogether, and high-priced anti-aging devices that utilize laser technology. “To date, cleansing seems to be the sweet spot for beauty marketers as Estée Lauder’s Clinique enters the fray with its Clinique Sonic System Purifying Cleansing Brush priced at $89.50.The well-known skin care brand promotes its new device with its well-known existing skin care regimen. Market leader Clarisonic continues its global expansion, aggressively promotes its line in the United States and introduces its Smart Profile Face Brush. The face brush is based on a radio-frequency identification communication chip that allows it to automatically adjust speed, frequency, and cleansing time for specific areas of the face.”

The blog post also points to one of its recently published consumer insights reports, which was conducted in six key markets. It shares, “…the penetration of the at-home beauty devices market is the highest in China, followed closely by the United States. Almost 83% of the respondents surveyed indicate that the most important factors that contribute to the overall credibility of a device are: clinical trials, a brands reputation and FDA approval. Additionally, the vast majority of consumers who do not use devices said that they did not know about them. This signals the need for greater awareness and education among brand stewards in order to build sales.

“With almost two-thirds of respondents from our survey saying they have anti-aging skin care concerns, it will be exciting to see how two new product introductions from this year, Illuminage Beauty’s Skin Smoothing Laser and Tria Beauty’s Age-Defying Laser device, both priced at upwards of $450 each perform.

“Another notable event will be the re-entry of an FDA-[approved] NuSkin Galvanic Spa, which treats anti-aging signs using microcurrent technology. Speaking of microcurrents, NuFace launches a mini/travel size version of its Trinity Facial Trainer, an FDA-cleared device for consumers on-the-go. The product retails for $199, markedly less than its standard Trinity, which retails for $325.”

The post wraps up saying, “Continuous innovation and new technology are vital for the at-home beauty devices businesses to remain competitive and attract more skin care devices users. This year’s Beauty Devices: Global Market Analysis and Opportunities report provides timely insights and reliable data on the dynamic market for at-home beauty devices.”



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Unilever Grows Underlying Sales 3.7% for First Half 2014

Posted: July 24, 2014

Unilever released its results for the first half 2014, which show consistent top and bottom line progress despite significant headwinds. Underlying sales grew 3.7%, with emerging markets up 6.6%, while underlying volume growth was up 1.9% and price was up 1.7%. Turnover decreased by 5.5% to €24.1 billion, with currency down -8.5%.

For the second quarter of 2014, underlying sales growth as 3.8% with underlying volume growth increased 1.9% and price up 1.9%. Commenting on the results, Unilever CEO Paul Polman said, “We continued to grow ahead of our markets driven by strong innovations such as Ben Jerry’s Cores, compressed deodorants in Europe, Regenerate Enamel Science in oral and Skip Dual Action capsules. At the same time we continue to invest for the long-term with our program to take our brands into new countries with the launches of Lifebuoy in China, Omo in Arabia, and Clear in Japan.”

According to Unilever, market growth continued to slow in emerging countries, particularly in Asia, as macro-economic pressures weighed on consumer spending in its categories. Additionally, developed markets remained weak with little sign of any recovery in North America or Europe. However, for Unilever’s performance, emerging markets grew 6.6% with price up 4.4% and volume growth of 2.1%. Developed markets grew by 0.3% in the second quarter, with positive volume growth partially offset by declining price. All categories grew with good performances, including personal care.

Specifically for Unilever’s personal care division, it continued to grow ahead of slowing markets underpinned by a strong innovation program. Deodorants saw the continued success of the compressed aerosol range in Europe, good growth for Rexona with the successful Do:More campaign, the positive impact of new communication behind Dove Invisible Dry, and the introduction of new packaging for Axe. In oral care, Unilever introduced a new brand, Regenerate Enamel Science, in the United Kingdom, a premium proposition and is the first toothpaste and serum system that regenerates enamel with exactly the same mineral which makes up tooth enamel.

In hair, Unilever saw Clear successfully introduced in Japan and relaunched in key markets such as Brazil and China. TreSemmé benefited from the success of its 7 Day Keratin Smooth range, and Dove Oxygen Moisture made good progress in the U.S. Skin cleansing saw continued strong growth for Lifebuoy, reflecting the success of the proposition to protect against ten infection-causing germs and the introduction of the brand in China. And Dove continued to deliver broad-based growth while Lux benefited from the relaunch in China and Southeast Asia. In skin care, Fair Lovely delivered strong growth, and the Dove Purely Pampering range was extended into nourishing body oil.

Find additional details on the financial report from Unilever on the half year and second quarter of 2014 results here.



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Seeking Sun Care from Non-sun Care Products

Posted: July 24, 2014

Michelle Strutton, director of global insight for household, health and personal care for Mintel, wrote a blog post titled “UV Protection in Beauty and Personal Care: A global perspective” that discusses how global consumers are seeking sun care in conjunction with other products—including hair care.

Noting that these summer months are a time of year when most people give the most thought to sun care, Strutton shares, “Mintel’s research shows that 74% of U.S. consumers are interested in anti-aging facial skin care products that contain sunscreen while over half avoid the sun to prevent signs of aging. In Europe, a similar picture is seen. Just under half of French consumers use sun protection to avoid skin aging while over two-thirds of Spanish consumers use or would consider using a facial moisturizer with sun protection. As a result, we have seen a vast increase in demand for facial skincare products containing UV protection.”

She goes on to write, “Don’t be fooled by the low 7% of global category launches in 2013 when it comes to hair care products offering UV protection, as it’s simply a case of supply not meeting demand. Consumers are showing an interest in hair care products that contain anti-aging ingredients, with 60% showing an interest across countries such as France, Germany and Italy.”

Offering a larger worldview as well, Strutton writes, “Mintel consumer and product research also highlights the differences in global appeal and how the use of traditional UV filters are combined with other ingredients to provide UV protection for hair care. Subcategory and regional analysis also helps define use of the claim in a category with significant potential for success in the future.”

She concludes by noting the potential sun care has in combining with other beauty categories. “The UV protection sector across the likes of facial skin care, color cosmetics and hair care is set to continue evolving on a global scale as consumer awareness of the damage caused by the sun increases,” Strutton writes.



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