Skin deep

Article Abstract:

Shiseido is a Japanese cosmetics company that is expanding abroad. The company is around a quarter foreign owned and its reputation for color make-up and skin care products is good. Japan accounts for 85% of the company's sales and prices are high, while cost control is a problem, and lack of commission for sales staff undermines motivation. The company should dispose of non-core activities, according to Warburg Dillon Read's Hiroshi Okubo. Reorganization has been announced but does not appear to go far enough.

Shiseido Company Ltd.

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Max Factor

Article Abstract:

Francis Max Factor died on Jun 7, 1996 at age 91. Mr. Factor was the son of Max Sr. who emigrated to the United States from Russia in 1902. Max Sr. founded the cosmetic company Max Factor which grew to be a world known industry. Francis Max Factor led a quiet life and retired in 1973.

Obituary, Personalities, Factor, Francis Max

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Scents and sensibility

Article Abstract:

Avon has become an aging retailer in the US and Western Europe, where sales have been declining. Avon's underdeveloped retail infrastructure is more successful in developing countries. Global sales for Avon brought a $257 million net profit for Avon in 1995.

Avon Products Inc., AVP

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