Elizabeth Arden to Evaluate Tender Offer by Affiliates of Rhône Capital

Posted: August 27, 2014

Elizabeth Arden announced that Nightingale Onshore Holdings L.P. and Nightingale Offshore Holdings L.P., investment funds affiliated with Rhône Capital L.L.C., have commenced a partial tender offer to acquire up to 6,442,013 shares of the company’s outstanding common stock, constituting approximately 20% of such outstanding common stock, at a cash purchase price of $17.00 per share. Arden’s board of directors, in consultation with the its management and its financial and legal advisors, intends to evaluate the offer.

According to The Wall Street Journal, Rhone Capital had said that it planned to increase its ownership over time but that it wouldn't acquire more than 30% of the company's common stock after exercising the warrants. 

Elizabeth Arden has posted sales declines following a slowdown in sales of celebrity fragrances in mass retailers. In early August 2014, the company said its fiscal-fourth quarter loss widened sharply as a larger-than-expected drop in celebrity fragrances sales pushed down revenue.

In July, the company's board approved a cost-cutting effort that includes plans to exit some unprofitable businesses and fragrance-license agreements.

Related Topics: Acquisitions (Marketers)



Article source: http://www.gcimagazine.com/business/marketers/acquisitions/Elizabeth-Arden-Evaluates-Tender-Offer-Rhone-Capital-272903151.html

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Energizer Announces Executive Leadership for Personal Care Businesses

Posted: August 29, 2014

Energizer Holdings, Inc. announced the anticipated executive leadership teams of the personal care and household products businesses following the planned separation of Energizer, expected to occur by July 1, 2015.

"We are excited to have such an experienced and talented group of individuals to lead Energizer's personal care and household products businesses as each company moves forward independently," said Ward Klein, Energizer's Chief Executive Officer. "These individuals bring a unique blend of experiences, talents and expertise, along with commitment and passion for these businesses. These teams were carefully selected to lead each company on the path forward, and we are confident in their ability to drive substantial growth and generate significant value for our shareholders."

The following individuals are expected to join the leadership team of the personal care company:

  • Sandy Sheldon, Chief Financial Officer
  • Manish Shanbhag, VP, General Counsel Secretary
  • Al Robertson, Chief Marketing Officer
  • John Hill, VP, Commercial–North America
  • Colin Hutchison, VP, Commercial-International
  • Dave VerNooy, VP, Global Operations RDE
  • Peter Conrad, Chief Administrative Officer
  • Tony Bender, CIO VP, Business Process Outsourcing
  • Teresa Ceotto, VP, Human Resources

As previously announced, upon the expected completion of the separation, Klein will serve as executive chairman of the board of standalone personal care. David Hatfield, president and CEO of Energizer Personal Care, will serve as CEO of the personal care company. Sandy Sheldon, who serves as Energizer's vice president, finance, was named CFO of the Personal Care company.

"Today is an exciting day for the future personal care organization, and I believe we have chosen a strong team capable of bringing a global mindset and innovative thinking to every part of our business," said Hatfield. "These executives provide the experience and enthusiasm required to execute on our vision of a challenger mentality and strategy of strengthening our brands in the marketplace, capturing opportunities for growth and positioning ourselves as market leaders. I look forward to working alongside the rest of the executive team to help lead our business through this transition and beyond."


Related Topics: Announcements (Marketers)



Article source: http://www.gcimagazine.com/business/marketers/announcements/Energizer-Announces-Executive-Leadership-for-Personal-Care-Businesses-273185131.html

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California Senate Rejects Ban of Microbeads

Posted: August 27, 2014

According to several news reports, the California Senate rejected an initial attempt to ban plastic microbeads in soaps and cosmetics. AB1699 reportedly fell one vote short of the 21 required to pass.

The author, Democratic Assemblyman Richard Bloom of Santa Monica, noted that supporters will try again before the Legislature adjourns for the year. The bill would prohibit the sale of products containing plastic microbeads starting in 2019. A Senate amendment would reportedly allow over-the-counter drugs to contain the microbeads until 2020.

As reported previously, Illinois became the first state in the United States to ban the sale and manufacture of personal care products containing microbeads on June 9, 2014. The state of New York has also considered similar legislation. While these regulatory actions pose new hurdles to personal care product developers, they also have identified a new market need.

Related Topics: Regulatory



Article source: http://www.gcimagazine.com/business/rd/regulatory/272919571.html

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Warranty- All returns must, first be authorized, and then returned to us in its original packing, within 15 days of the date of purchase. We shall not authorize processing of any returns in cases where the damage to the items is as a result of wrong handling or the dead-line has been exceeded.

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Shipping- We ask for 5 days for processing and shipping, though WE SHIP 5 DAYS A WEEK. Unless listed otherwise, we OFFER FREE SHIPPING within CONTINENTAL USA.

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Warranty- All returns must, first be authorized, and then returned to us in its original packing, within 15 days of the date of purchase. We shall not authorize processing of any returns in cases where the damage to the items is as a result of wrong handling or the dead-line has been exceeded.

Payments-As per the marketplace policies. Paypal, and Credit Cards via Paypal, are accepted.

Multiple Item Purchase-There are discounts applicable for multiple purchases, per item basis. Thus it increases with the number of items in your check-out. However, this would only be applicable if ALL items are included in a SINGLE check out.

Shipping- We ask for 5 days for processing and shipping, though WE SHIP 5 DAYS A WEEK. Unless listed otherwise, we OFFER FREE SHIPPING within CONTINENTAL USA.

Feedback-We strive for 5 star positive feedback for every sale. If you have any questions or concerns, please contact us prior to leaving feedback. We shall do everything reasonable and possible to make your purchase a positive and successful experience.

Disclaimer-*IMPORTANT* PLEASE READ:

It is the buyers responsibility to be cognizant of rules and regulations pertaining to the legality of purchasing or possessing an item or items from our e-store. As sellers, we bear no responsibility for any legality arising out of an online purchase, which shall wholly and solely be the buyer’s responsibility. Buyers are advised to read Market-Place Policies, with special attention given to Weapons, Firearms and knives section there-in. In compliance of the above, we shall not ship any item or items to any location where it/they is/are restricted by the state law.

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Warranty- All returns must, first be authorized, and then returned to us in its original packing, within 15 days of the date of purchase. We shall not authorize processing of any returns in cases where the damage to the items is as a result of wrong handling or the dead-line has been exceeded.

Payments-As per the marketplace policies. Paypal, and Credit Cards via Paypal, are accepted.

Multiple Item Purchase-There are discounts applicable for multiple purchases, per item basis. Thus it increases with the number of items in your check-out. However, this would only be applicable if ALL items are included in a SINGLE check out.

Shipping- We ask for 5 days for processing and shipping, though WE SHIP 5 DAYS A WEEK. Unless listed otherwise, we OFFER FREE SHIPPING within CONTINENTAL USA.

Feedback-We strive for 5 star positive feedback for every sale. If you have any questions or concerns, please contact us prior to leaving feedback. We shall do everything reasonable and possible to make your purchase a positive and successful experience.

Disclaimer-*IMPORTANT* PLEASE READ:

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Warranty- All returns must, first be authorized, and then returned to us in its original packing, within 15 days of the date of purchase. We shall not authorize processing of any returns in cases where the damage to the items is as a result of wrong handling or the dead-line has been exceeded.

Payments-As per the marketplace policies. Paypal, and Credit Cards via Paypal, are accepted.

Multiple Item Purchase-There are discounts applicable for multiple purchases, per item basis. Thus it increases with the number of items in your check-out. However, this would only be applicable if ALL items are included in a SINGLE check out.

Shipping- We ask for 5 days for processing and shipping, though WE SHIP 5 DAYS A WEEK. Unless listed otherwise, we OFFER FREE SHIPPING within CONTINENTAL USA.

Feedback-We strive for 5 star positive feedback for every sale. If you have any questions or concerns, please contact us prior to leaving feedback. We shall do everything reasonable and possible to make your purchase a positive and successful experience.

Disclaimer-*IMPORTANT* PLEASE READ:

It is the buyers responsibility to be cognizant of rules and regulations pertaining to the legality of purchasing or possessing an item or items from our e-store. As sellers, we bear no responsibility for any legality arising out of an online purchase, which shall wholly and solely be the buyer’s responsibility. Buyers are advised to read Market-Place Policies, with special attention given to Weapons, Firearms and knives section there-in. In compliance of the above, we shall not ship any item or items to any location where it/they is/are restricted by the state law.

Any orders with shipping to the areas above will be canceled and refunded. No exceptions!

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