Alberto-Culver Q1
This article was originally published in The Rose Sheet
Executive Summary
Firm reports results of its first quarter (ended Dec. 31) as an independent company Jan. 25, crediting 12.6% increase in sales to $351.1 mil. to strong growth in Nexxus and TRESemme. Gross profit grew 12.3% to $180.9 mil., while earnings were "essentially breakeven" after restructuring costs, firm says. The company increased its ad spend 20.9% to $61 mil. as part of an "ongoing effort to support and further expand our brands," president and CEO V. James Marino said. "This quarter marks a new beginning for Alberto-Culver and its shareholders, and we are focused on our efforts to drive results and create value over the long term," he remarked. Brand announced a "right-sizing" plan in December (1"The Rose Sheet" Dec. 4, 2006, In Brief)...
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Alberto-Culver management
Firm appoints Ralph J. Nicoletti as senior VP and chief financial officer, announced March 1. The exec previously spent 27 years at Kraft Foods, where he served as VP-corporate audit and, before that, as senior VP-finance for Kraft Foods North America. In addition to personal care products such as Alberto VO5 and St. Ives, Alberto-Culver also markets household products such as Mrs. Dash and Static Guard. Nicoletti's appointment is "an important part of our restructuring as a focused consumer products company," Alberto-Culver President and CEO V. James Marino said. The firm reported financial results for its first quarter of independence in January, after splitting from Sally Beauty in November 2006 (1"The Rose Sheet" Jan. 29, 2007, In Brief)...
Alberto-Culver “right-sizes”
Two marketing units will be combined into one as part of a company-wide reorganization following the firm's separation from Sally Beauty, it announces Dec. 1. In addition, certain international services will either be outsourced or combined into regional offices. The company also plans to reduce its workforce of 3,800 employees by approximately 90 and close its Dallas, Texas manufacturing facility by the end of 2007. The reorganization represents a "right-sizing" of the company, taking into consideration "services we were maintaining in support of Sally and corporate activities that could be scaled back to match the needs of a smaller company," according to Jim Marino, president and CEO. The firm expects to incur restructuring charges of approximately $13 mil. and $3 mil. in Q1 and Q2 of 2007, respectively. The reorganization and all financial charges related to it are expected to be "substantially completed" by the end of Q2 2007. Alberto-Culver broke from Sally Beauty in November (1"The Rose Sheet" Nov. 27, 2006, In Brief)...
Cosmetic And Personal Care Trademark Review: 16 April
Personal care and cosmetic product trademark filings compiled from the Official Gazette of the US Patent and Trademark Office, Class 3.