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Redken Laboratories

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BUSINESS
October 7, 1986
Plagued by high costs, Redken Laboratories finished a year of reduced earnings and sales with 87% lower net income for its fourth quarter ended July 31. Redken earned $311,000 in the quarter, or 10 cents a share, versus $2.4 million, or 81 cents a share, a year ago. The poor showing came on sales that inched up 1%, to $28.5 million, a record for Redken.
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BUSINESS
September 21, 1993
Redken Laboratories, a longtime Canoga Park maker of beauty products, said it will relocate its manufacturing and distribution facilities to Kentucky, displacing about 250 people who work in Canoga Park. Redken's parent company, Cosmair Inc. in New York, said the plant in Florence, Ky., is new and would enable Redken to produce its products more cheaply. Redken's facilities in Canoga Park are about 30 years old.
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BUSINESS
March 8, 1988
Redken Laboratories said it has sold for $1.25 million a 17-acre parcel of land in the Agoura Hills area where it once considered moving its headquarters. The sale to developer Larry Kaltman will result in a $1.1 million pretax gain for Redken, a Canoga Park maker of hair-care products, in the third quarter ended April 30. Chairman John E. Meehan said the company bought the land around 1970.
BUSINESS
June 7, 1988 | JAMES F. PELTZ, Times Staff Writer
Securities regulators said Monday that they are reviewing a burst of trading in Redken Laboratories' stock the day before Redken's founder announced plans to convert the Canoga Park-based company to private ownership for about $48 million. On May 25, the day before the announcement, the stock climbed $2.75 a share to $27, and 84,400 shares changed hands--10 times the stock's average daily volume. The National Assn.
BUSINESS
May 26, 1987
Redken Laboratories, the Canoga Park hair care and cosmetics firm, announced vastly improved third-quarter results for the period ending April 30. Earnings were $915,000, or 30 cents a share, up 522% from the comparable period a year ago, with a 30% increase in sales to $29.4 million. The company attributed the improved results in part to several new cosmetics and hair products. For the nine months, Redken's sales were up 18%, to $88 million, as earnings jumped 102% to $3.3 million, or $1.
BUSINESS
November 24, 1987
Redken Laboratories said its fiscal first-quarter profit climbed 12% from a year earlier on a 4% sales gain. The Canoga Park-based maker of cosmetics and other personal-care goods said net income for the three months ended Oct. 31 was $1.39 million, or 47 cents a share, up from $1.26 million, or 42 cents a share, a year ago. Sales advanced to $30.6 million from $29.4 million. Redken Chairman John E.
BUSINESS
September 29, 1987
Redken Laboratories, the Canoga Park hair-care firm, reported a 149% increase in profits on a 16% jump in sales for its fiscal year ended July 31. Net income was $4.88 million or $1.62 per share in fiscal 1987, compared to $1.96 million or 65 cents a share the previous year. Sales for the year were $119.6 million compared to $103.2 million in 1986. In the fourth quarter, the company reported profits of $1.56 million or 52 cents per share compared to $311,000 or 10 cents a year the prior year.
BUSINESS
February 4, 1986
Redken Laboratories said it dismissed 50 workers at its Canoga Park headquarters as part of a restructuring that included the departure of a senior executive. Solomon R. Mester, Redken president, said the fired workers included executives, engineers, secretaries and sales personnel. Under the restructuring, the company's marketing and research operations were merged and various financial operations were consolidated.
BUSINESS
September 21, 1993
Redken Laboratories, a longtime Canoga Park maker of beauty products, said it will relocate its manufacturing and distribution facilities to Kentucky, displacing about 250 people who work in Canoga Park. Redken's parent company, Cosmair Inc. in New York, said the plant in Florence, Ky., is new and would enable Redken to produce its products more cheaply. Redken's facilities in Canoga Park are about 30 years old.
BUSINESS
June 7, 1988 | JAMES F. PELTZ, Times Staff Writer
Securities regulators said Monday that they are reviewing a burst of trading in Redken Laboratories' stock the day before Redken's founder announced plans to convert the Canoga Park-based company to private ownership for about $48 million. On May 25, the day before the announcement, the stock climbed $2.75 a share to $27, and 84,400 shares changed hands--10 times the stock's average daily volume. The National Assn.
BUSINESS
May 27, 1988 | NANCY RIVERA BROOKS, Times Staff Writer
Redken Laboratories--the Canoga Park hair products firm founded by a former actress plagued by an allergy to hair spray--said Thursday that it has agreed to convert to private ownership at a cost of $48.5 million. A company organized by founder Paula Kent Meehan will launch a $34-per-share tender offer for the roughly 1.4 million shares not owned by Meehan, whose titles include founder-chairman and chief executive of Redken, and her husband, John E. Meehan, chairman and president of the company.
BUSINESS
March 8, 1988
Redken Laboratories said it has sold for $1.25 million a 17-acre parcel of land in the Agoura Hills area where it once considered moving its headquarters. The sale to developer Larry Kaltman will result in a $1.1 million pretax gain for Redken, a Canoga Park maker of hair-care products, in the third quarter ended April 30. Chairman John E. Meehan said the company bought the land around 1970.
BUSINESS
November 24, 1987
Redken Laboratories said its fiscal first-quarter profit climbed 12% from a year earlier on a 4% sales gain. The Canoga Park-based maker of cosmetics and other personal-care goods said net income for the three months ended Oct. 31 was $1.39 million, or 47 cents a share, up from $1.26 million, or 42 cents a share, a year ago. Sales advanced to $30.6 million from $29.4 million. Redken Chairman John E.
BUSINESS
September 29, 1987
Redken Laboratories, the Canoga Park hair-care firm, reported a 149% increase in profits on a 16% jump in sales for its fiscal year ended July 31. Net income was $4.88 million or $1.62 per share in fiscal 1987, compared to $1.96 million or 65 cents a share the previous year. Sales for the year were $119.6 million compared to $103.2 million in 1986. In the fourth quarter, the company reported profits of $1.56 million or 52 cents per share compared to $311,000 or 10 cents a year the prior year.
BUSINESS
May 26, 1987
Redken Laboratories, the Canoga Park hair care and cosmetics firm, announced vastly improved third-quarter results for the period ending April 30. Earnings were $915,000, or 30 cents a share, up 522% from the comparable period a year ago, with a 30% increase in sales to $29.4 million. The company attributed the improved results in part to several new cosmetics and hair products. For the nine months, Redken's sales were up 18%, to $88 million, as earnings jumped 102% to $3.3 million, or $1.
BUSINESS
October 7, 1986
Plagued by high costs, Redken Laboratories finished a year of reduced earnings and sales with 87% lower net income for its fourth quarter ended July 31. Redken earned $311,000 in the quarter, or 10 cents a share, versus $2.4 million, or 81 cents a share, a year ago. The poor showing came on sales that inched up 1%, to $28.5 million, a record for Redken.
BUSINESS
May 27, 1988 | NANCY RIVERA BROOKS, Times Staff Writer
Redken Laboratories--the Canoga Park hair products firm founded by a former actress plagued by an allergy to hair spray--said Thursday that it has agreed to convert to private ownership at a cost of $48.5 million. A company organized by founder Paula Kent Meehan will launch a $34-per-share tender offer for the roughly 1.4 million shares not owned by Meehan, whose titles include founder-chairman and chief executive of Redken, and her husband, John E. Meehan, chairman and president of the company.
BUSINESS
February 4, 1986
Redken Laboratories said it dismissed 50 workers at its Canoga Park headquarters as part of a restructuring that included the departure of a senior executive. Solomon R. Mester, Redken president, said the fired workers included executives, engineers, secretaries and sales personnel. Under the restructuring, the company's marketing and research operations were merged and various financial operations were consolidated.
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