Alberto-Culver
This article was originally published in The Rose Sheet
Executive Summary
Company completes buyback of $200 mil. of 8.25% senior notes due Nov. 1, 2005, Alberto-Culver announces Sept. 15. Redemption will result in $12.6 mil. pre-tax charge in the fourth quarter and will lower net interest expense by approximately $14.3 mil. over remaining original term of the notes, Alberto says. Company likely will use interest expense savings to boost advertising, marketing and other investment to support global brands and businesses, firm notes. Alberto President and CEO Howard Bernick announced plans to increase firm's advertising efforts earlier this month (1"The Rose Sheet" Sept. 13, 2004, In Brief)...
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Alberto-Culver
Global sales of VO5 brand are expected to exceed the $300 mil. mark for the first time this year, while worldwide factory sales of the St. Ives brand are approaching $200 mil., President and CEO Howard Bernick says during Prudential Securities Equity Group Back to School Consumer Conference Sept. 8. Alberto-Culver is promoting the VO5, Tresemmé and Soft & Beautiful ranges with TV spots airing in the U.S. and overseas. Company expects to further increase ad spend next year, following a 15% boost this year to $250 mil., exec notes. Bernick reiterates company's interest in buying established skin care brands such as Pfizer's Lubriderm, Schering-Plough's Coppertone and Bristol-Myers Squibb's Keri. Firm previously has indicated it would consider acquiring Lubriderm and Keri (1"The Rose Sheet" Nov. 14, 2001, p. 5)...
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Trademarks are registered and published for opposition with the US Patent and Trademark Office and are published weekly in the agency's Official Gazette.