Jean Philippe 43.8% fourth quarter sales gain reflects acquisitions spree.
This article was originally published in The Rose Sheet
Executive Summary
JEAN PHILIPPE ACQUISITIONS BOOST SALES 43.8% TO $23 MIL. in the 1994 fourth quarter; the company completed acquisitions and licensing agreements for seven cosmetics and fragrance brands during 1994. The fourth quarter figure includes sales from Cutex lip and nail products, which the firm began shipping in mid-August. Jean Philippe signed a licensing agreement with Chesebrough-Pond's to manufacture and market certain Cutex products in the U.S. and Puerto Rico in July ("The Rose Sheet" July 4, p. 1).