September 23, 1989 |
Consumer products powerhouse Procter & Gamble Co. will acquire Noxell Corp., maker of skin-care goods and cosmetics, in a stock-swap deal valued at $1.3 billion, both companies announced Friday. Under terms of a definitive agreement approved by the boards of both companies, P&G will add Noxell's Cover Girl and Clarion makeup lines and Noxzema skin cream to its already bulging portfolio of leading consumer products and foods. The announcement sent Noxell soaring $10 to $31.
February 11, 1989 |
Faberge Inc. said Friday that it has agreed to sell its beauty products and toiletries businesses--which include the Elizabeth Arden, Brut and Aqua Net lines--to international consumer products giant Unilever Group for $1.55 billion in cash. The deal is another in a long line of acquisitions in the cosmetics industry and one that would give Unilever, a British-Dutch company, a much greater presence in the United States.
November 23, 1989 |
Avon Products, the target of takeover speculation in recent months, said Wednesday that it has agreed to sell its Parfums Stern fragrance unit for $210 million in cash to a company affiliated with Sanofi, a French concern that markets upscale perfumes and beauty products. Parfums Stern handles fragrances, including Oscar de la Renta, Perry Ellis, Uninhibited by Cher and Deneuve.
September 27, 1991 |
It would be easy to assign some kind of symbolism to the fate of fashion designer Carolyne Roehm and her husband, Henry Kravis, the king of Wall Street acquisitors. As the Gatsbys of their time, they epitomized the roaring '80s and the newly moneyed set known as Manhattan's "Nouvelle Society." They had the homes: four, including the $5.5-million Park Avenue apartment and the pre-Revolutionary Connecticut getaway with the $7-million barn.
July 14, 1989 |
Consumer products giant Unilever Group on Thursday agreed to buy the personal care lines of Faberge--which include Elizabeth Arden, Brut and Aqua Net--for $1.55 billion. The agreement revives a similar deal between the companies that fell apart three months ago. The proposed acquisition also would be the latest in a string of beauty product purchases by Unilever, a British-Dutch company that makes everything from Lipton Tea to Wisk detergent.
July 17, 1992 |
Faces, like fashion, change with the times. Eyebrows have gone from the pencil-thin arches worn by Garbo in the '30s to the caterpillar size made popular by Brooke Shields in the '80s. Lips swelled from the Kewpie doll pout of '20s movie star Clara Bow to the bee-stung smackers of '80s movie star Kim Basinger. The face of the '90s is shaping up to be a curious collage of features from the past.