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BUSINESS
May 5, 1992 | From Reuters
Pfizer Inc. said Monday that it is selling its Coty fragrance and cosmetics business for $440 million to Joh. A. Benckiser, a German consumer products company. Coty markets fragrances and cosmetics in mass merchandise outlets and drugstores throughout North America. It accounted for about $280 million of Pfizer's $6.95 billion in sales last year. Among Coty's women's fragrances are Emeraude, Exclamation, Lady Stetson, L'Effleur, Sand & Sable and Wild Musk.
BUSINESS
January 20, 1996 | Times Staff and Wire Reports
Maybelline Says Benckiser Prepared to Top L'Oreal Bid: The week-old bidding war for the third-largest U.S. cosmetics company was ratcheted up a notch as Joh. A. Benckiser said it is prepared to top L'Oreal's sweetened $716.6-million acquisition offer. In a letter to Maybelline Inc., Benckiser declined to say how much more it would offer. The German consumer-products company called for Maybelline to invite the suitors to submit their best proposals in a final round of bidding.
BUSINESS
January 13, 1996 | MARGARET RAMIREZ, TIMES STAFF WRITER
Maybelline Inc. said Friday that a German detergent and cosmetics company has expressed interest in making a formal takeover offer that would top a pending $660-million bid from L'Oreal. The surprise move by privately held Joh. A. Benckiser, known for mass-market fragrance brands such as Coty and Jovan, illustrates the growing attraction of the U.S. mass-market cosmetics business.
BUSINESS
January 18, 1996 | Times Staff and Wire Reports
German Company Bids on Maybelline: Maybelline Inc. said that cosmetics and detergent maker Joh A. Benckiser had offered $37 cash a share--just topping a rival takeover bid from France's L'Oreal. Benckiser, in a letter released by Maybelline, also said it is prepared to increase that offer to an amount "materially higher" under certain conditions. Memphis, Tenn.-based Maybelline, one of America's leading cosmetics makers, agreed in December to a $660-million takeover by L'Oreal.
BUSINESS
January 20, 1996 | Times Staff and Wire Reports
Maybelline Says Benckiser Prepared to Top L'Oreal Bid: The week-old bidding war for the third-largest U.S. cosmetics company was ratcheted up a notch as Joh. A. Benckiser said it is prepared to top L'Oreal's sweetened $716.6-million acquisition offer. In a letter to Maybelline Inc., Benckiser declined to say how much more it would offer. The German consumer-products company called for Maybelline to invite the suitors to submit their best proposals in a final round of bidding.
BUSINESS
May 26, 1987
The St. Paul, Minn.-based provider of institutional cleaning services and products said the sale of its U.S. and international consumer business to West Germany's Joh. A. Benckiser GmbH for $242.5 million will eliminate the majority of its consumer products and allow it to concentrate on its service businesses, where it sees better growth potential. Earlier this month, the firm completed a $370-million buyout of ChemLawn Corp.
BUSINESS
January 18, 1996 | Times Staff and Wire Reports
German Company Bids on Maybelline: Maybelline Inc. said that cosmetics and detergent maker Joh A. Benckiser had offered $37 cash a share--just topping a rival takeover bid from France's L'Oreal. Benckiser, in a letter released by Maybelline, also said it is prepared to increase that offer to an amount "materially higher" under certain conditions. Memphis, Tenn.-based Maybelline, one of America's leading cosmetics makers, agreed in December to a $660-million takeover by L'Oreal.
BUSINESS
January 13, 1996 | MARGARET RAMIREZ, TIMES STAFF WRITER
Maybelline Inc. said Friday that a German detergent and cosmetics company has expressed interest in making a formal takeover offer that would top a pending $660-million bid from L'Oreal. The surprise move by privately held Joh. A. Benckiser, known for mass-market fragrance brands such as Coty and Jovan, illustrates the growing attraction of the U.S. mass-market cosmetics business.
BUSINESS
May 5, 1992 | From Reuters
Pfizer Inc. said Monday that it is selling its Coty fragrance and cosmetics business for $440 million to Joh. A. Benckiser, a German consumer products company. Coty markets fragrances and cosmetics in mass merchandise outlets and drugstores throughout North America. It accounted for about $280 million of Pfizer's $6.95 billion in sales last year. Among Coty's women's fragrances are Emeraude, Exclamation, Lady Stetson, L'Effleur, Sand & Sable and Wild Musk.
BUSINESS
May 30, 1990 | From Times Wire Services
SmithKline Beecham PLC, the pharmaceutical company formed last year in a $16-billion merger of Philadelphia's SmithKline Beckman Corp. and Britain's Beecham Group PLC, said today it will sell two of its cosmetics businesses to a West German firm for $358 million. SmithKline said it agreed to sell its Margaret Astor and Lancaster cosmetics businesses to Joh. A. Benckiser GmbH. The same company paid $106 million in December for SmithKline's Household Products business in North America.
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