BUSTA TO REVLON: Charles Busta, vice president and general manager of the cosmetics and fragrance division of Procter & Gamble, has joined Revlon, according to P&G.
In a letter sent to P&G’s cosmetics and fragrance employees, Beth Kaplan, vice president of the division, said, “Charles J. Busta has decided to leave P&G to take a position with Revlon, where he will work on their noncosmetic beauty business. Over the years, he has made many important contributions to our Cover Girl business, and he was certainly a valued colleague.”
Revlon officials declined to comment on the matter.
Busta, who could not be reached for comment, joined P&G in 1989, when it acquired Noxell, where he was vice president of marketing.
MAYBELLINE MOVES: Maybelline, now a division of Cosmair, is moving its headquarters from Memphis to New York. Maybelline’s marketing and sales departments will relocate to Cosmair’s mid-Manhattan hub, while the company’s research and development will be transferred to Clark, N.J., near Cosmair’s laboratories. All Maybelline manufacturing and distribution operations will continue in North Little Rock, Ark.
HOW NOW: Beauty companies are struggling to determine the impact of the European Commission’s decision to ban the export from the UK of bovine products used in the manufacture of cosmetics.
The ruling spurred the Greek government into action Thursday. It banned the importation of any cosmetics products containing bovine ingredients, no matter their source.
The British Cosmetics, Toiletry and Perfumery Association said the use of bovine byproducts in cosmetics is limited, and many of them are sourced from outside the UK.
The EC ban follows the claim by scientists that eating beef from cattle infected with bovine spongiform encephalopathy, or “mad cow disease,” might cause Creutzfeldt-Jakob disease in humans. As a result, early last week the EC banned the export from Britain of all beef and beef byproducts.
Both Estee Lauder and L’Oreal said Thursday they had taken steps a few years ago to avoid any potential health problems linked to the disease. Lauder said it has used only animal ingredients from the U.S. over the last five years.
JEAN PHILIPPE’S NUMBERS: Before special items, Jean Philippe Fragrances Inc. reported fourth-quarter profits fell 25 percent to $1.8 million, or 17 cents a share, from $2.4 million, or 23 cents, a year ago. After a $3.3 million gain from the sale of common stock of its French subsidiary, Inter Parfums SA, and a $1.3 million charge from the discontinued Cutex lip color line, net earnings came to $3.8 million.Sales were up 6 percent to $24.4 million from $23 million.
In the year ended Dec. 31, sales climbed 25 percent to $93.7 million from $75.1 million.
The company is focusing on the core Cutex nail care business, and its knockoff fragrance brands. It relaunched the Aziza hypoallergenic eye cosmetics line in February.