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News Bites

Coty Inc. Announces Distribution Agreement With Gemini Cosmetics, Inc. (PR Newswire via Yahoo!...

Tag it: Coty Inc., a leader in global beauty and the world's largest fragrance company, announced today that it has entered into an agreement with Gemini Cosmetics, Inc. under which Gemini will assume responsibility, on an exclusive basis, for the distribution of Coty Beauty's prestige brands to prestige department and specialty stores in the U.S. market.
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Drug found suspended in cosmetics (BBC News)

Tag it: Customs officers find cocaine estimated at £130,000 suspended in cosmetics shipments.
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Novartis Pays $11 Billion for Stake in Nestle's Alcon (Update2) (Bloomberg.com)

Tag it: April 7 (Bloomberg) -- Novartis AG agreed to buy a 25 percent stake in Nestle SA's Alcon Inc. for $11 billion and said it may acquire the rest to become the world's biggest maker of eye-care products.
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Nestle sells Alcon stake to Novartis in deal worth up to $39 bln (Market Watch)

Tag it: Nestle SA on Monday agreed to sell 24.85% of Alcon to Novartis for $11 billion, in a deal that might see the foods giant shed its entire stake in the eye-care specialist for a total $39 billion.
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Oriflame hikes FY sales outlook after strong Q1; reiterates opg margin outlook (Sharewatch)

Tag it: STOCKHOLM (Thomson Financial) - Oriflame Cosmetics SA has hiked its full year sales growth outlook to "well above" 10 percent in local currency terms, up from a previous range of 5 percent to 10 percent, after a stronger-than-forecast start to 2008.
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