Financial News

The Elida Beauty portfolio includes Q-tips, Caress, Ponds and St. Ives for North America and Europe, as well as Impulse, Noxzema, Monsavon and Timotei.

The closing of the transaction also resulted in Haleon becoming a shareholder in Suave Brands.

On May 31, Estée Lauder closed on purchasing the remaining interest by utilizing cash on hand for an estimated $860 million.

Target had a rare earnings miss in its first quarter as consumers pulled back spending not only on discretionary items but on groceries as well.

The prestige cosmetics business saw strong momentum with reported net revenue growth of over 25% in the quarter, led by its three prestige cosmetics brands, Burberry, Kylie and Gucci.

Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, the National Retail Federation reports.

For the quarter ending March 30, total sales were $15.1 billion, an increase from the previous quarter.

The company recently announced its acquisition of Voloom, a brand known best for its patented hair volumizing iron.