June 27, 2003 |
Playtex Products Inc. shares slumped to a record low after the company slashed this year's profit forecast in half due to weak sales of tampons and sunscreen products. Shares of the company fell by as much as 25%. It slashed its profit outlook for the second quarter as well as the full year. The Westport, Conn., company said it now expected a profit of 8 cents to 10 cents a share for the second quarter, with sales down 10%. It previously forecast profit of 22 cents to 25 cents.
November 6, 1991 |
Sara Lee Acquires Interest in Playtex: Sara Lee Corp. will purchase a minority stake in Playtex Family Products Corp. for $62.5 million, the companies announced. Sara Lee will acquire preferred stock that will give it a 25% share of Playtex, which manufactures tampons, toothbrushes, hair-care products and other consumer goods. Licensing arrangements will give Chicago-based Sara Lee the right to sell non-apparel products bearing Playtex brands outside the United States and Canada.
December 24, 1997 |
Playtex Products Inc. said it will acquire Montvale, N.J.-based Personal Care Group Inc. from owner J.W. Childs Equity Partners for $91 million in cash and about 9.3 million shares of common stock. The transaction, not subject to financing or shareholder approval, is expected to close in early 1998, assuming it gets regulatory approval. Personal Care brands include Wet Ones, Binaca and Mr. Bubble. Playtex Products' brands include Playtex, Woolite, Jhirmack and Tek. Shares of Westport, Conn.