Cosmetic Product Companies Look to Expand Operations - Company Enters Agreement with Major Distributor for Sale of Beauty & Cosmetic Products in North America
CORAL SPRINGS, Florida, June 2, 2014 /PRNewswire/ --
Consumer goods companies specializing in cosmetics take steps to increase production and value with partnerships and other developments: Verde Media Group Inc. (OTC: VMGI), Elizabeth Arden, Inc. (NASDAQ: RDEN), Avon Products Inc. (NYSE: AVP), The Procter & Gamble Company (NYSE: PG), Johnson & Johnson (NYSE: JNJ) and Colgate-Palmolive Co. (NYSE: CL)
Verde Media Group Inc. (OTC: VMGI) is pleased to announce that it has recently entered into a Memorandum of Understanding, through its subsidiary Beautyject Inc., with Power Shark Capital ("PSC") for the sale and distribution of its beauty and cosmetic products throughout North America. PSC is headed by Jean Pelletier. Mr. Pelletier is an accomplished entrepreneur who has successfully founded and run numerous companies, many of which have been listed on public exchanges in Canada and the U.S. Mr. Pelletier has also acted as an advisor to numerous private and publicly traded companies during his career, and brings with him an expertise in private and public corporate finance, marketing, strategic advising and public and media relations.
To Read the Full VMGI Press Release, please go to: http://fnmprofiles.com/profiles-vmgi.html
Kevin Harrington of PSC will act as an advisor to Beautyject Inc. Mr. Harrington, who starred on the popular television show Shark Tank, is a world-renowned direct marketing expert who is widely recognized as the pioneer and principal architect of the infomercial industry. Mr. Harrington has sold more than $4 Billion worth of products through TV infomercials, commercials and other direct marketing venues. Mr. Harrington has also authored the best-selling book Act Now: How I Turn Ideas into Million-Dollar Products. Verde Media Group also just recently filed the necessary information to become current on the Pinksheets - OTCMarkets.
Elizabeth Arden, Inc. (NASDAQ: RDEN), a global prestige beauty products company, recently announced that it has signed an exclusive agreement with Wildfox Couture, the indie vintage-inspired women's knitwear designer brand, to develop and market its own line of fragrance products. "Partnering with Wildfox is an opportunity for us to expand our designer fragrance portfolio with a fast-growing fashion brand that has a strong point of view and an incredible ability to relate to the young, fashion-forward consumer," said Robin Mason, Senior Vice President of Global Fragrance Marketing at Elizabeth Arden. Based in Los Angeles, musician Jimmy Sommers, CEO and Co-Founder of Wildfox, along with the creative direction of co-founding partner Kimberley Gordon, continue to develop this lifestyle brand known for its iconic campaigns, dreamlike quality and products that tell a story, with a wide range of clothing and accessories.
Avon Products Inc. (NYSE: AVP) and Coty Inc. recently announced to have entered into a partnership by which select Coty fragrances will be marketed and sold through Avon Brazil's network of 1.5 million independent sales Representatives. Brazil, Avon's largest market, is also the largest fragrance market globally. The deal brings together Avon's extensive network of Representatives in Brazil and Coty's portfolio of celebrity and lifestyle fragrance brands in an effort to increase both companies' global fragrance market share, consumer loyalty and brand appeal in Brazil. "This commercial partnership allows Coty to expand its geographical reach and strengthen our footprint in the emerging markets, with Brazil being a key driver in our growth strategy," said Renato Semerari, President, Coty Beauty. "Avon's extensive experience in Brazil makes the company an ideal partner, and we look forward to working together."
The Procter & Gamble Company (NYSE: PG), together with its subsidiaries, manufactures and sells branded consumer packaged goods. The Beauty segment offers antiperspirants and deodorants, cosmetics, personal cleansing, skin care, hair care, hair colors, prestige products, and professional salon products under the Head & Shoulders, Olay, Pantene, SK-II, and Wella brand names. PG closed up slightly at $80.79 per share this past Friday (05/30/14) on over 7.4 Million traded by the market close.
Johnson & Johnson (NYSE: JNJ), together with its subsidiaries, is engaged in the research and development, manufacture, and sale of various products in the health care field worldwide. The company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics. The Consumer segment offers a range of products used in the baby care, skin care, oral care, wound care, and women's health fields, as well as nutritionals, over-the-counter pharmaceutical products, and wellness and prevention platforms. On Friday, JNJ closed up .69% on over 5.9 million shares traded.
Colgate-Palmolive Co. (NYSE: CL), together with its subsidiaries, manufactures and markets consumer products worldwide. The company operates in two segments: Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as dental floss and pharmaceutical products for dentists and other oral health professionals; personal care products comprising liquid hand soaps, shower gels, bar soaps, deodorants, antiperspirants, shampoos, and conditioners; and home care products, such as dishwashing liquids, laundry and dishwashing detergents, household cleaners, oil soaps, bleaches, and fabric conditioners. On Friday, CL closed up 2.21% on over 7.8 million shares traded.
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