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Faberge Inc

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BUSINESS
July 14, 1989 | JESUS SANCHEZ, Times Staff Writer
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.
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BUSINESS
January 11, 1989 | From Reuters
Faberge Inc. said Tuesday it is in preliminary talks to sell its toiletries, cosmetics and fragrances businesses to consumer products giant Unilever NV, a deal that analysts said would be worth more than $1 billion. New York-based Faberge, owned by the E-II Holdings Inc., makes various cosmetic products, including Aquanet hair spray, Babe perfume and Brut cologne. The company, with $1.1 billion in 1987 sales, also owns Elizabeth Arden cosmetics, which is included in the deal.
BUSINESS
February 11, 1989 | JESUS SANCHEZ, Times Staff Writer
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.
BUSINESS
November 14, 1987 | From Reuters
Faberge Inc. remains confident that it can buy Elizabeth Arden, one of the world's largest makers of prestige cosmetics, despite industry rumors that the deal will become another victim of October's stock market crash. In August, Faberge, maker of Aqua Net hair spray, Brut cologne and other personal-care products for the mass market, said that it would buy the more exclusive Arden from Eli Lilly and Co. for $700 million.
BUSINESS
February 11, 1989 | JESUS SANCHEZ, Times Staff Writer
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.
BUSINESS
August 6, 1987 | JUBE SHIVER Jr., Times Staff Writer
Eli Lilly & Co., following other big drug companies that have recently decided to bail out of the sluggish cosmetics business, said Wednesday it will sell its Elizabeth Arden division to Faberge Inc. for about $700 million.
BUSINESS
July 14, 1989 | JESUS SANCHEZ, Times Staff Writer
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.
CALIFORNIA | LOCAL
December 17, 1987
A Los Angeles dress manufacturer controlled by financier Meshulam Riklis moved Wednesday to freeze the bank accounts and personal effects of an employee accused of embezzling nearly $1 million. Superior Court Judge Jerry Fields granted the temporary restraining order requested by Jody Tootique--the apparel-making division of Faberge--and ordered all assets of Michael Stevenson frozen until the case can be sorted out.
BUSINESS
January 31, 1988
Daniel J. Manella has been named chairman and chief executive of Elizabeth Arden Inc., New York. Manella replaces Vaughn Bryson of Eli Lilly. Faberge Inc. recently acquired Elizabeth Arden from Eli Lilly for about $700 million. Manella also will continue as chairman and CEO of Faberge Inc.
BUSINESS
January 11, 1989 | From Reuters
Faberge Inc. said Tuesday it is in preliminary talks to sell its toiletries, cosmetics and fragrances businesses to consumer products giant Unilever NV, a deal that analysts said would be worth more than $1 billion. New York-based Faberge, owned by the E-II Holdings Inc., makes various cosmetic products, including Aquanet hair spray, Babe perfume and Brut cologne. The company, with $1.1 billion in 1987 sales, also owns Elizabeth Arden cosmetics, which is included in the deal.
CALIFORNIA | LOCAL
December 17, 1987
A Los Angeles dress manufacturer controlled by financier Meshulam Riklis moved Wednesday to freeze the bank accounts and personal effects of an employee accused of embezzling nearly $1 million. Superior Court Judge Jerry Fields granted the temporary restraining order requested by Jody Tootique--the apparel-making division of Faberge--and ordered all assets of Michael Stevenson frozen until the case can be sorted out.
BUSINESS
November 14, 1987 | From Reuters
Faberge Inc. remains confident that it can buy Elizabeth Arden, one of the world's largest makers of prestige cosmetics, despite industry rumors that the deal will become another victim of October's stock market crash. In August, Faberge, maker of Aqua Net hair spray, Brut cologne and other personal-care products for the mass market, said that it would buy the more exclusive Arden from Eli Lilly and Co. for $700 million.
BUSINESS
August 6, 1987 | JUBE SHIVER Jr., Times Staff Writer
Eli Lilly & Co., following other big drug companies that have recently decided to bail out of the sluggish cosmetics business, said Wednesday it will sell its Elizabeth Arden division to Faberge Inc. for about $700 million.
NEWS
February 10, 1989 | From Times Wire Services
Faberge Inc. of the United States is selling its toiletries, cosmetics and fragrance businesses, including Elizabeth Arden, to the Unilever Group for $1.55 billion in cash, it was announced today. The deal will give Unilever, the British-Dutch consumer products giant, ownership of such brand names as Faberge, Elizabeth Arden, Brut, Aqua Net, Chloe and Lagerfeld. Faberge and its Elizabeth Arden subsidiary are owned by Meshulam Riklis' Riklis Family Corp. and have headquarters in New York.
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