Smooth deal: PZ Cussons snaps up baby and skincare brand Childs Farm Sold! Soap giant PZ Cussons has acquired UK baby and child skincare brand Childs Farm. The deal has seen Joanna Jensen, the founder of the fast-growing brand, invest into the PZ Cussons subsidiary which completed the deal. PZ Cussons now owns a 92 per cent stake in the business, valued at £36.8m. The firms said PZ [...]
PZ Cussons adjusted profit declines as headwinds cause Carex sales slump PZ Cussons Personal healthcare manufacturer PZ Cussons has registered a 9.6 per cent decline in profit after subsidiary Carex reported an easing of demand for personal hygiene products. In the half year ended 30 November, the group’s adjusted operating profit went down to £32.9m while sales slumped 9.3 per cent to £283.7m. Earnings per share also dropped [...]
PZ Cussons: Revenue ahead of pre-pandemic levels despite Covid comparatives PZ Cussons: Revenue ahead of pre-pandemic levels despite Covid comparatives Personal healthcare brand PZ Cussons said revenues were ahead of pre-pandemic levels despite an unprecedented demand for hygiene brands easing. The firm said it expected comparatives from the beginning of the Covid 19 outbreak to impact its year-on-year revenue comparisons in the first quarter of FY22, in a trading update published on Wednesday. Its two [...]
PZ Cussons predicts better-than-expected profits as Covid-driven cleanliness endures July 1, 2021 Hygiene, baby and beauty brands returned the business to revenue growth, but consumers have calmed down on handwashing since the beginning of the pandemic. Consumer products giant PZ Cussons reported steady revenue growth of 7 per cent across all regions and its hygiene, baby and beauty brands in the financial year to May 31, in [...]
PZ Cussons sees quarterly revenue rise as Carex continues to shine April 27, 2021 Consumer goods group PZ Cussons said its revenue shot up by 4.7 per cent to £145.3m in the third quarter as strong demand for its hygiene products continued. PZ Cussons’ Carex brand performed strongly as it continued to meet the evolving needs of consumers during the pandemic. Looking forward, the company said it remained on [...]
PZ Cussons washes pre-pandemic struggles away as soap sales boost profits January 26, 2021 A surge in hand washing products helped PZ Cussons shine as pandemic-led demands boosted its first-half profits. The consumer group’s focus brands grew revenue by 21.9 per cent as overall growth reached 14.6 per cent across the world. Carex led the way with £313m of sales, a 10 per cent increase on the previous year, [...]
PZ Cussons chief executive quits as ‘challenging market conditions’ hit UK profit December 12, 2019 The chief executive of PZ Cussons has called time on his 13-year reign at the consumer healthcare manufacturer, as the company blamed “challenging market conditions” for a decline in first-half profit. Alex Kanellis said he would retire from the role on 31 January after being with the firm since 1993, and chief executive since 2006. [...]
PZ Cussons offloads brands to focus on core products August 29, 2019 Consumer goods giant PZ Cussons will offload two brands as part of a strategic shift to focus on its core product range. PZ Cussons, the owner of brands such as Carex and Imperial Leather, has sold its Greek olive oil subsidiary Minerva to Mirties Enterprises Company, a firm controlled by Luxembourg investment company Diorama Investments, [...]
PZ Cussons remains cautious over full year outlook due to challenges in Nigeria December 13, 2018 Consumer goods manufacturer PZ Cussons reported good performance in Europe and Asia in its half-year results, but warned of challenging trading conditions in Africa. PZ Cussons, which owns brands such as Imperial Leather and Original Source, said new products and increased distribution had driven its strong trading in the six months to the end of [...]