PARIS — For the first half of 2007, Givaudan posted a net profit of 86 million Swiss francs, or $70 million at average exchange, down 67.7 percent over the same period in 2006. This was primarily due to the integration of Quest International.

As reported, Givaudan flavors and fragrance supplier, based in Varnier, Switzerland, announced late last year its intent to acquire Quest from Imperial Chemical Industries PLC in a deal valued at 1.2 billion pounds, or $2.21 billion at average yearly exchange. The European Commission approved the buy in late February, and Givaudan consolidated Quest's sales on March 2.

On a pro forma basis, combining the businesses of Givaudan and Quest between Jan. 1, 2006, and June 30, the company's net profit decreased 20 percent to 144 million Swiss francs, or $117.3 million.

In real terms, Givaudan's operating profit declined 40.9 percent to 185 million Swiss francs, or $150.7 million, reflecting a one-time integration-related cost of 100 million Swiss francs, or $81.5 million, and 84 million Swiss francs, or $68.4 million, worth of amortization of intangible assets related to the Quest acquisition. On a comparable basis, operating profit rose 13.7 percent to 282 million Swiss francs, or $229.7 million.

Givaudan's actual gross profit margin dropped to 47.5 percent from 49.1 percent in the first half, ended June 30, due to the lower profitability of the Quest business. On a pro forma basis, gross profit margin remained flat at 47.6 percent.

Givaudan's sales in the half rose 36 percent to 2.01 billion Swiss francs, or $1.63 billion. In local currencies, revenues gained 36.3 percent, and on a comparable basis, they increased 4.6 percent and 4.4 percent in local currencies.

Revenues from Givaudan's fragrance division increased 49.9 percent to 909 million Swiss francs, or $740.6 million, thanks largely to "strong growth" of its consumer products business across all regions, the company said in a statement. In local currencies, the uptick was 49.8 percent.

Givaudan's flavors revenues came in at 1.096 billion Swiss francs, or $892.9 million, up 26.2 percent, or 26.8 percent in local currencies. — Jennifer Weil

Men's Line Heads to StoresNEW YORK — Mensgroom, a 16-item men's hair, face and body care collection that was launched online last fall, is making a push into retail stores.

Cherry Robinson, managing director of Toronto-based Professional Hair Care Products Inc., parent of Mensgroom, anticipates the line will reach 225 doors, including Sears Canada and The Bay stores, this summer. It's her goal to expand the line to department and specialty store doors in the U.S., U.K., Spain and other European countries by fall.

Since its online launch last fall, the line has garnered $2 million in retail sales, according to industry sources — who added that by yearend, sales could near $7 million.

"It was really important to have a comprehensive assortment," Robinson said of Mensgroom. The line, she added, is "designed for easy selection."

A bronze bar atop outer packaging denotes whether a product is for hair, face or body. Items have been given names like Shave the Males, a moisturizing shave cream (200 ml. for $22); Eye Feel Good, a cream that addresses puffiness, dark circles and crow's feet (15 ml. for $35), and Daily Shower Power, an exfoliating shower gel (200 ml. for $22).

In addition to the shower gel, the Mensgroom body range features Sore No More, a 200-ml., $24 moisturizer that's designed to soothe muscles.

The face range includes Be Cleansed My Son, a cleanser, and Scrubbed The Right Way, a scrub, each of which comes in a 100-ml. size for $20. There's also Time Fighter, a 50-ml. cream for $45; Daily Defender, a 100-ml. moisturizer for $40, and Soothe the Shaven Beast, a 100-ml. aftershave balm for $30.

The Mensgroom hair care range features Daily Wash Out shampoo, Daily Do Right conditioner and — for thinning hair — there's Firmly Rooted shampoo and Root Rescue conditioner. Each of the four products is $20 for 200 ml. There are two styling products, the 50-ml. Iron Grip gel, for $24, and the 100-ml. Not-So-Iron Grip gel for $22. A scalp treatment called Feed Your Head is priced at $45 for 100 ml."Men wanted products to be effective, fun and [have a] personality," according to Robinson.

Professional Hair Care Products was founded in 2000 by Gerd Schwarzkopf, whose grandfather, Hans, founded the Schwarzkopf hair care company in 1903. Its Mensgroom brand was originally launched at Amazon.com and mens-groom.com. — Matthew W. Evans

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