Dial Specialty Personal Care Reduced By 42%, Nature's Accents Discontinued
This article was originally published in The Rose Sheet
Executive Summary
Dial Corp. is shedding almost half its Specialty Personal Care SKUs, including the unprofitable Nature's Accents line, under a strategic plan to be implemented by newly appointed CEO Herbert Baum, the exec announced at an investor meeting in New York City Sept. 22.
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Dial
More than 300 under-performing SKUs, representing one-quarter of Dial's product line, have been eliminated, CEO Herbert Baum announces during Dial's annual stockholders meeting June 7 in Scottsdale, Ariz. Reductions primarily taken from Specialty Personal Care division, firm says. Dial vowed in September to cut almost half, or 260 SKUs, from its existing 615 in the SPC category (1"The Rose Sheet" Sept. 25, 2000, p. 5). Firm continues to evaluate sale of SPC division, and "proceeds from the sale of any assets will be used to reduce debt," Baum says. Debt was reduced by $60 mil. in second half of 2000 and will be reduced by $80 mil.-$90 mil. more in 2001. Total debt at year end will be $500 mil., firm predicts. Baum reconfirmed sales growth estimates of 5% for 2001
Dial
More than 300 under-performing SKUs, representing one-quarter of Dial's product line, have been eliminated, CEO Herbert Baum announces during Dial's annual stockholders meeting June 7 in Scottsdale, Ariz. Reductions primarily taken from Specialty Personal Care division, firm says. Dial vowed in September to cut almost half, or 260 SKUs, from its existing 615 in the SPC category (1"The Rose Sheet" Sept. 25, 2000, p. 5). Firm continues to evaluate sale of SPC division, and "proceeds from the sale of any assets will be used to reduce debt," Baum says. Debt was reduced by $60 mil. in second half of 2000 and will be reduced by $80 mil.-$90 mil. more in 2001. Total debt at year end will be $500 mil., firm predicts. Baum reconfirmed sales growth estimates of 5% for 2001
Dial Specialty Personal Care Sale In Intermediate Stage - CEO Baum
Dial is considering the sale of its Specialty Personal Care business, including the Freeman Cosmetic and Sarah Michaels brands, in an effort to turn around earnings shortfalls, CEO Herbert Baum reported during an analyst call Jan. 24.