On January 05, 2023 a
Exhibit,Appendix
was filed
involving a dispute between
Dan Albasry
As Trustee Of The Estate Of Newal Al Saad,
Firas Mohammad,
and
Barretts Minerals Inc.,
Beacon Cmp Corp.,
Brenntag Specialties Llc,
Charles B. Chrystal Company Inc.;,
Colgate Palmolive Co.;,
Conopco Inc.,
Glaxosmithkline Consumer Healthcare Holdings,
Glaxosmithkline Llc,
Gsk Consumer Health Inc.,
Lornamead Inc.,
Pfizer Inc.,
Port Jervis Laboratories Inc.,
The Procter & Gamble Co.,
Whittaker, Clark & Daniels Inc.,
Yardley Of London Inc.,
Yardley Of London Ltd.,,
for Torts - Asbestos
in the District Court of New York County.
Preview
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 163 RECEIVED NYSCEF: 07/10/2023
EXHIBIT 78
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023
NYSCEF DOC. NO. 163 RECEIVED NYSCEF: 07/10/2023
A Battle
For Brands
Propels
Buyouts
he consolidatine fra- .
among
arance matersever the past year has
dramatically reordered the industry. .
For instance, Unilever PLC, the An- by
- . 7 .
alo-Dutch consumer products con- . .
glomerate, entered the rearket in
1987 sad is now the nation's third- . ,
largest fragrance pracknear. Over the .e ..
last few years, Avon Products Inc.,
.the market leader, has moved even m Na YukhwDmHeganOmbu
farther ahead of its closest competj.
tor, Estde Lauder. And Revion Inc. The expanded perfume departrnent at Bloorningdale s in New York.
has Iallen to fourth place, from sec-
ond in 1981, chieGy because it focuses bust-
ny first entered the fragrance others. "We wouldn't rule out more
an inexpensive fragrances, which are sIvely moved upscale. Two years ago, uisitions," said a spokesperson.
it purchased Glorgio of Beverly Hills, ness in 1987, with the purchase of a
steeply discounted. per- or (Jnilever, the profitability of
1he shifts are expected to continue which makes two best-selling Chesebrough-Pond's Inc., marketer
as manufacturers strive to improve homes, and Parfum Stern, which of Prince htatchabetti. a Itne of inex- perfumes is the primary attraction.
Fa-
efficiencies by pushing more
prod- markets Oscar de la Renta, Uninhib- pensive fragrances sold mainly The company said that together,
ucts through their distribution chan- ited by Cher, Perry Ellis, and Vales. through drug stores. be e and Elizabeth Arden pulled in
nels and jockey for more space in tino fragrances. But in quick succession this spring pro is last year equal m 125 percent
departmerit stores. These with the "Avon mached the conclusion that and summer, the company spent of sales, compared with the 82 per-
most space, after all, get preferential it needed some distribution in depart- more than $2 billion to buy five com- cent figure compan do.
ment stores," said Diana Temple, di- panies that control several prestige "Perfarne m acturers are ex-
treatment like the best locations- profitable."
Themost active targets foracquish- rector of research at Salomon Broth- brands. The five companies are tremely said Andrew
tions seem to be the high-priced per- ers Inc. "Šheir customer tended to be Evyan, which makes the popular Shore, a cosmetics analyst at Shear-
fusnes that make up the soÄ:alled lower scale and they needed to bal- White Shoulders perfume, Calvin son Lehman Hutton lac. "They are
clients." Klein Cosmetics, the maker of Obses- also after well-known names and ac-
prestige segment, which accounts for ance It by gainlag tige
space."
34 percent of industry sales. 1hose Unilever, which made the bol- ston and Eternity perfumes, Faberge cess to counter
brands are the most profitable be- dest move Into fragrances, rushed Inc., phrahath Arden Inc. and, most Unilever to also interested in taking
cause they never go en sale- into the pastige segment this year. recently, the European perfume oper- its fragrances abroad. For its part,
Corpo- Avon has already moved into China
Even Avon, best known for its fra- Best known for its Wisk detergent ations of the Schering-Plough
grances so86 door todoor, has aggres- and Imperial margartne, the compa- ratles, which markets Ceruti, among and South America.
Preview
FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 163 RECEIVED NYSCEF: 07/10/2023 EXHIBIT 78 FILED: NEW YORK COUNTY CLERK 07/10/2023 10:29 PM INDEX NO. 190002/2023 NYSCEF DOC. NO. 163 RECEIVED NYSCEF: 07/10/2023 A Battle For Brands Propels Buyouts he consolidatine fra- . among arance matersever the past year has dramatically reordered the industry. . For instance, Unilever PLC, the An- by - . 7 . alo-Dutch consumer products con- . . glomerate, entered the rearket in 1987 sad is now the nation's third- . , largest fragrance pracknear. Over the .e .. last few years, Avon Products Inc., .the market leader, has moved even m Na YukhwDmHeganOmbu farther ahead of its closest competj. tor, Estde Lauder. And Revion Inc. The expanded perfume departrnent at Bloorningdale s in New York. has Iallen to fourth place, from sec- ond in 1981, chieGy because it focuses bust- ny first entered the fragrance others. "We wouldn't rule out more an inexpensive fragrances, which are sIvely moved upscale. Two years ago, uisitions," said a spokesperson. it purchased Glorgio of Beverly Hills, ness in 1987, with the purchase of a steeply discounted. per- or (Jnilever, the profitability of 1he shifts are expected to continue which makes two best-selling Chesebrough-Pond's Inc., marketer as manufacturers strive to improve homes, and Parfum Stern, which of Prince htatchabetti. a Itne of inex- perfumes is the primary attraction. Fa- efficiencies by pushing more prod- markets Oscar de la Renta, Uninhib- pensive fragrances sold mainly The company said that together, ucts through their distribution chan- ited by Cher, Perry Ellis, and Vales. through drug stores. be e and Elizabeth Arden pulled in nels and jockey for more space in tino fragrances. But in quick succession this spring pro is last year equal m 125 percent departmerit stores. These with the "Avon mached the conclusion that and summer, the company spent of sales, compared with the 82 per- most space, after all, get preferential it needed some distribution in depart- more than $2 billion to buy five com- cent figure compan do. ment stores," said Diana Temple, di- panies that control several prestige "Perfarne m acturers are ex- treatment like the best locations- profitable." Themost active targets foracquish- rector of research at Salomon Broth- brands. The five companies are tremely said Andrew tions seem to be the high-priced per- ers Inc. "Šheir customer tended to be Evyan, which makes the popular Shore, a cosmetics analyst at Shear- fusnes that make up the soÄ:alled lower scale and they needed to bal- White Shoulders perfume, Calvin son Lehman Hutton lac. "They are clients." Klein Cosmetics, the maker of Obses- also after well-known names and ac- prestige segment, which accounts for ance It by gainlag tige space." 34 percent of industry sales. 1hose Unilever, which made the bol- ston and Eternity perfumes, Faberge cess to counter brands are the most profitable be- dest move Into fragrances, rushed Inc., phrahath Arden Inc. and, most Unilever to also interested in taking cause they never go en sale- into the pastige segment this year. recently, the European perfume oper- its fragrances abroad. For its part, Corpo- Avon has already moved into China Even Avon, best known for its fra- Best known for its Wisk detergent ations of the Schering-Plough grances so86 door todoor, has aggres- and Imperial margartne, the compa- ratles, which markets Ceruti, among and South America.