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In Brief: Aloette Cosmetics

This article was originally published in The Rose Sheet

Executive Summary

Aloette Cosmetics: Signs Philadelphia-based advisor Berwind Financial to "assist the company in exploring financial options," the skin care and cosmetics firm announced Nov. 19. West Chester, Penn.-based Aloette said its revenues "have not been in the right direction" over the past few months, so Berwind will investigate the "full range" of opportunities available to the franchiser and distributor. Aloette has registered a sales decrease in the past nine reporting periods. Most recently, Alloette reported that third quarter sales dropped 18.9% to $2.2 mil., and net income declined 39.2% to $126,000. For the nine months, sales were down 14.8% to $8.7 mil., and net income dropped 28.4% to $473,000...
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