DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
A-Brands

PZ Cussons Sees Handwash Demand Boom As Beauty Business Fades

By Steve Wynne-Jones
Share this article
PZ Cussons Sees Handwash Demand Boom As Beauty Business Fades

Britain's PZ Cussons is seeing "exceptionally high" demand for its Carex hand wash, sanitiser gels and Imperial Leather soap due to the coronavirus pandemic, the company has said, while flagging a slowdown in its beauty business.

The company, which recently tapped Avon Products executive Jonathan Myers as its top boss, also said its full-year profit forecast was at the lower end of the consensus range.

It forecast a slow recovery in the beauty unit as retailers are now stocking up hygiene and personal care products rather than cosmetics.

Overall revenue in the third quarter ended February 29 fell year-on-year, it said, adding that the impact of the coronavirus and the restrictions imposed to prevent its spread remained significant.

PZ Cussons' key manufacturing sites around the world remain open, despite the restrictions, it said.

News by ReutersClick subscribe to sign up to ESM: European Supermarket Magazine.

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.