GIVAUDAN ACQUISITION: Givaudan SA, Vernier, has signed an agreement with Nestle SA, Vevey, to acquire its flavor activities, operating under the umbrella of Food Ingredients Specialities (FIS). The acquisition combines Givaudan’s strength in sweet and concentrated flavors with the FIS expertise in savory flavors and base notes. Following the transaction, Nestle will hold a 5 to 10 percent stake in Givaudan. Chatel-St-Denis, Switzerland-based FIS is represented in 30 countries worldwide and has an annual volume of $240 million. The transaction is valued at $450 million and will be paid in cash and Givaudan shares. In 2000, Givaudan recorded sales of $1.44 billion.

WELLA CHANGES: At the Wella Corp., Bill Decker will assume the new position of senior vice president of marketing and business development. Decker was formerly senior vice president of marketing. Wella’s marketing departments will consolidate into a single unit, rather than operating through the international and American classic divisions. Ian Murphy will serve as vice president of marketing. Previously, Murphy was vice president of marketing for the international line only. R.W. Miller, former senior vice president of sales, has left the company.

CRACKDOWN: Unilever Cosmetics International said Wednesday that three arrests were made in Dubai, United Arab Emirates, in connection with an alleged fragrance counterfeiting operation involving its CK One, CK Be and Escape scents, as well as Pleasures by Estee Lauder. Roughly $150,000 worth of counterfeit fragrances were seized, UCI stated, adding that a tip from Estee Lauder led to the investigation.

EAU DE MOLENAC: Guests at Frederic Molenac’s fashion show received a bottle of fragrance called 03, so named because the show was his third couture effort. The scent, concocted by IFF’s Laurent Bryere, was mixed to mirror the theme of Molenac’s urban tribal collection, like the smell of a photocopier, fresh paper and hot plastic. There are no plans to make the fragrance on a mass scale.

CLAIROL JOINS GBU: Clairol’s hair color and professional division has formally been included in Procter & Gamble’s beauty global business unit with the establishment of global color/professional products business division, to be based in Stamford, Conn. Earlier this week, Procter & Gamble announced it would keep about 250 of the 710 employees in Clairol’s nonmanufacturing operations to work in the division. The remaining 460 employees will be provided with separation packages. An additional 165 Clairol jobs will be cut elsewhere in the United States, and 815 positions have been identified as superfluous overseas.