September 30, 2010

Beiersdorf owner unwilling to sell to P&G

(Reuters) - German Beiersdorf's (BEIG.DE) majority shareholder maxingvest is not willing to sell its stake to Procter & Gamble, a person familiar with the situation said on Wednesday.

According to a report by Bloomberg, Procter & Gamble has expressed an interest in buying part or all of the German maker of Nivea products.

maxingvest, which holds a stake of 50.5 percent in Beiersdorf, declined to comment on the report.

Beiersdorf said that it is unaware of interest of Procter & Gamble, while Procter & Gamble could not immediately comment.

archives Beiersdorf

5/3/12
Beiersdorf says turnaround working as profit rises
...company Beiersdorf said on Thursday that its decision to focus on its core Nivea skincare line was beginning to yield results as it reported a better than expected 18 percent jump in first-quarter profit.
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4/26/12
Nivea-maker Beiersdorf says first 4 months positive
...Beiersdorf, the maker of Nivea products, said it had made a good start to the year and confirmed its target to improve sales and its profit margin in 2012.
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3/1/12
Beiersdorf sees 2012 profit improving after revamp
...group Beiersdorf said it expected profits to improve in 2012 after axing unprofitable lines and focusing investment on its key Nivea brand as it prepares for the arrival of a new chief executive next month.
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1/25/12
Beiersdorf profit surprises as Nivea focus pays off
...group Beiersdorf beat forecasts for 2011 profit, helped by a restructure that axed unprofitable lines like haircare and make-up and by heavy investment in its Nivea brand, including campaigns that featured singer...
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12/13/11
Henkel names Carsten Knobel new CFO
...Rival Beiersdorf last month shook up its management team by hiring 48-year-old outsider Stefan Heidenreich as chief executive to execute a turnaround. Analysts hope he will rejuvenate the maker of Nivea creams in...
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12/1/11
Beiersdorf unveils new consumer business revamp
...maker Beiersdorf unveiled further restructuring steps at its consumer business to simplify operations and boost the role of geographical regions.
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11/3/11
Beiersdorf says restructuring hit earnings in third quarter
...group Beiersdorf, maker of Nivea products, said on Thursday that deep restructuring measures hit earnings and sales in the third quarter.
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8/4/11
Beiersdorf sees 2011 sales up as Nivea revamp works
...Beiersdorf reported a return to growth at its core consumer division in the second quarter as a massive marketing drive to entice customers back to its Nivea skincare brand took effect.
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5/5/11
Nivea maker Beiersdorf says revamp on track
...maker Beiersdorf said plans to rejuvenate the business were on track as a slimmer product range weighed on sales and profits at its key consumer business in the first-quarter.
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5/2/11
Nivea cream marks 100th birthday, wrinkle-free
...year, Beiersdorf sold 100 million pots."Everyone has a blue pot at home," said Anne Zavan, marketing director at Beiersdorf in France.It is the "mother of the brand," said Jean Watin-Augouard,...
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3/3/11
Beiersdorf to invest $140 mln to boost Nivea
...any's Beiersdorf said it will invest close to 100 million euros ($140 million) in its traditional Nivea brand this year as part of efforts to win back market share.
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2/24/11
Men's cosmetics take off in China
...group Beiersdorf, which makes the Nivea line, are spending big on ads and distribution in China to conquer the promising market -- and concocting new tailor-made products. "It's a very dynamic...
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2/9/11
Avon misses, another blemish for CEO to clean up
...Unilever and Beiersdorf as they sell more cosmetics in stores. In China, still a tiny market for Avon, it continues to deal with the fallout from a bribery investigation that began there and the slow process of...
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1/11/11
Nivea firm Beiersdorf unhappy with 2010
...maker Beiersdorf said it was unhappy with the performance of its core consumer business unit in 2010, which saw sales rise just 1.6 percent.
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12/12/10
Beiersdorf cuts 2010 margin goal on product revamp
...maker Beiersdorf said profit will be hit by restructuring as the Hamburg-based company cuts the number of products to focus on skin care to counter a decline in market share.
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11/8/10
Nivea maker Beiersdorf disappoints with Q3
...performance at Beiersdorf, the German maker of Nivea skin care, as Europeans stuck to cheaper beauty products.
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9/29/10
P&G admiration gives Beiersdorf a boost
...spike in Beiersdorf shares on Wednesday with admiration for its Nivea skin cream brand and musings about a takeover in the right circumstances.
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8/5/10
Beiersdorf strong results from adhesives unit Tesa
...group Beiersdorf, maker of Nivea creams and Tesa tape, posted stronger second-quarter results on Thursday thanks mainly to a pick-up in adhesive activities, it said.
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6/6/10
China's red tape baffles luxury houses
...group Beiersdorf (BEIG.DE), China could outpace the U.S. in five years in terms of sales, Chief Executive Dirk Trappmann told the summit.But it won't be an easy ride, he said."China is one of the...
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6/2/10
La Prairie sees pre-crisis growth return by 2012
...maker Beiersdorf, is counting on China and the United States to return to pre-crisis growth rates by 2012, its chief executive said.
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archives P&G

5/11/12
Procter & Gamble to move beauty unit to Singapore
...comes as P&G wants to run the business out of Asia where it sees the biggest growth opportunity. It was announced less than three months after P&G unveiled a restructuring plan aimed at saving $10 billion...
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4/30/12
Weak developed markets, pricing woes hurt P&G
...Shares of P&G, which makes Pampers diapers and Gillette razors, fell 3.2 percent to $64.75 on the New York Stock Exchange. Many analysts were frustrated that the company's restructuring wasn't yielding results fast...
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4/24/12
Social media is gold for Olympics advertisers
...meaning P&G hopes to add 5 million to its fan base of 50 million over the next few months. "That would be a lot quicker than we normally do." Most brands are developing ways to calculate what each...
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2/23/12
Procter & Gamble plans to cut about 5,700 jobs
...Thursday. P&G beauty brands The world's largest household products company also trimmed earnings forecasts for the current quarter and fiscal year because of the new plan to sell its Pringles snack...
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1/30/12
Procter & Gamble lowers forecast due to strong dollar
...based P&G also said it is cutting about 1,600 corporate positions by the end of June, a move that should save it about $240 million a year before taxes. The cuts represent 1.2 percent of its total workforce of...
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11/17/11
Cosmetics groups among most "meaningful" brands
...ever, P & G and L'Oreal are among the top 20 "meaningful" brands, according to a study carried out in 14 countries, and in which Ikea, Google and Nestlé dominated.
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10/28/11
Procter & Gamble profit in line, keeps year view
...December, P&G forecast earnings of $1.05 to $1.11 per share, with sales growth of 3 percent to 5 percent. P&G shares rose 0.9 percent to $65.53 in thin premarket trade. By Jessica Wohl
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8/3/11
Estee Lauder brings in former Procter & Gamble VP
...Lauder from P&G. Shares of Estee Lauder, whose cosmetics lines include Clinique and La Mer, fell 0.9 percent to $100.87 in early trading. (Reporting by Eunju Lie, editing by Gerald E. McCormick)
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2/1/11
P&G vice chairman leaving, units consolidated
...managed by P&G Steele will retire as of September 1, after 35 years at the company, the company said on Tuesday. Starting today, he is serving as vice chairman of health care strategy until his retirement....
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1/28/11
P&G CEO unhappy with Wal-Mart venture's execution
...stores. P&G Chairman and Chief Executive Bob McDonald, a strong promoter of the Family Movie Night concept, said execution "has not been as good as we would like." There have not been as many...
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11/1/10
Alberto Culver tops Street on strong int'l sales
...while P&G beat expectations by relying on heavy advertising and overseas growth. Shares of Alberto were up 5 cents at $37.34 on the New York Stock Exchange. (Reporting by Dhanya Skariachan and Jon Lentz,...
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9/29/10
P&G admiration gives Beiersdorf a boost
...euros. P&G shares were 0.5 percent lower, underperforming the Dow Jones industrial average .DJI, which was down 0.1 percent. This is not the first time P&G has caused a stir around Beiersdorf;...
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9/29/10
P&G opens 100-million-dollar plant in Romania
...manager of P&G Romania, told AFP.In 2009, when the Romanian economy shrank by 7.1 percent, the company posted "modest, single-digit growth" here."This plant is an example in terms of water and...
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9/8/10
Interparfums unites with Clarins in US
...over from P&G.
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8/13/10
P&G plans eco-friendly packages for beauty products
...Global P&G Beauty. P&G will source the sugarcane-derived plastic from Braskem SA (BRKM5.SA), which makes the material using ethanol made from Brazilian sugarcane. (Reporting by Dhanya Skariachan, editing...
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7/20/10
Beauté Prestige appoints luxury veteran as new VP of Sales
...East at P&G Prestige, is apponited as Beaute Prestige International USA's new Vice President of Sales to enhance the company's development growth.
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1/28/10
P&G, Colgate top expectations as consumers spend more
...Shares of P&G rose 19 cents to $61 in pre-market trading. There were no early trades in shares of Colgate. Colgate shares rose nearly 20 percent last year, while shares of P&G fell almost 2 percent. During...
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1/20/10
P&G floats selling products on its own website
...strategy. P&G has a small presence in e-commerce through some of its brands and through a site that Gillette built about 10 years ago, before it was bought by P&G. Still, most online sales of its products...
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12/9/09
P&G Chairman Lafley to retire
...2010, P&G said. Lafley said P&G expects "sequential improvement" over the balance of the fiscal year. In the first quarter, which ended in September, P&G blew past profit forecasts as sales...
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11/24/09
P&G repurchasing shares, quiet on potential deals
...about what P&G may buy or sell," Moeller said during a morning presentation at a Morgan Stanley conference. He did not specifically address whether P&G is trying to buy part of Sara Lee Corp's...
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