DEL DOUBLES PROFITS: Del Laboratories doubled its third-quarter profits as it continued to take market share in the nail care category. The firm reported income of $2.4 million, or 29 cents a share, for the quarter ended Sept. 30. That compares to income of $1.2 million, or 15 cents, reported in the year-ago period. Sales were $86.3 million, an increase of 12 percent above the $77.1 million reported last year.
For the first nine months, income doubled to $7 million, or 86 cents a share, compared with income of $3.6 million, or 45 cents, reached in last year’s quarter. Sales grew 11.6 percent to $247 million from $221.3 million.
ALBERTO’S 10-YEAR STREAK: Alberto-Culver Co.’s fourth-quarter profits advanced 13 percent to $31.8 million, or 55 cents a diluted share, topping off 10 consecutive years of top- and bottom-line growth. Sales for the period ended Sept. 30 rose 8.3 percent to $643.6 million. In 2001, the firm’s consumer packaged goods business, led by the Alberto VO5, St. Ives and TRESemme brands, surpassed the $1 billion sales mark for the first time.
IFF NET DROPS: International Flavors & Fragrances Inc.’s third-quarter income dipped 13.8 percent to $28.9 million, or 29 cents a share, but included after-tax restructuring charges of $5.7 million, or 6 cents. Revenues dropped 26.6 percent to $339.6 million.
NEW HAMMER: George Hammer, who sold his stake in Aveda U.K. back to parent Estee Lauder Cos. Inc., last month, has signed an agreement to operate the women’s and men’s hair salons in Harrods. The deal covers a 15,000-square foot women’s salon, a 2,500-square-foot barbershop and an 8,000-square-foot space that Hammer will eventually convert to a treatment and beauty area. The anchor will be a 5,000-square-foot Aveda Urban Retreat on the fifth floor. Plans also include a Bobbi Brown Essential makeup studio, an organic cafe and treatment rooms for several other brands. Hammer expects to open the Urban Retreat within the next few months; the entire project is expected to be completed by early 2003.
SIGNATURE MARY KAY: Mary Kay’s color cosmetics is getting a makeover. Beginning in December, silver lipstick tubes will replace its trademark pale pink. And lip gloss will come in a frosted tube adorned with a platinum cap and a gold band. Outer boxes will be brightened with hot pink tones. Then in June 2002, the brand’s pale pink compacts and eye and cheek packaging will also be replaced by silver. Eye and cheek products are also being reformulated. Pulling it all together is a new name — MK Signature.
BROADWAY BOUND: Lancome is getting in the Broadway spirit this month with two limited-edition cosmetics collections both based on the hit musical Mamma Mia! The Mamma Mia! Wedding Scene Collection features rose and lilac shades, and the Mama Mia! Voulez Vous Scene Collection includes bright shades of blues, purples and greens. Both are available now at Bloomingdale’s 59th Street store.
NEUTROGENA SIGNS KREUK: Smallville star Kristin Kreuk is Neutrogena’s latest spokesperson. The Vancouver native has also appeared in the television series “Edgemont” and this fall will play the title role in the television movie “Snow White.”