Lenthéric, Inc. is a manufacturer of perfumes, cosmetics, toilet preparations,[1] hair spray, and shampoo.[2]
Corporate history
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The name of the company was taken from Guillaume Lenthéric, a French distiller and dispenser of perfumes in late 19th century France. He operated a small salon in 245 rue Saint-Honoré in Paris, France, beginning in 1875.[3] The firm incorporated in 1924. Lenthéric became a subsidiary of Squibb, and was 90% controlled by the parent company in January 1942.[1]
In 1947 Lenthéric, Inc., experienced a decline in earnings due to higher wages, advertising expenses, and vast returns of merchandise from retail stores, which trimmed inventories.[4] In 1951 the company hoped to increase sales by introducing a new line of makeup called Sheer Beauty. It sold for less than $5. The firm also reduced the price of Debo deodorant from $1.35 to $1.00. This was accomplished by making the product in a plastic squeeze bottle rather than a glass bottle with atomizer.[5]
Squibb had manufacturing plants in Brooklyn, New York and New Brunswick, New Jersey in July 1952. It controlled the Squibb Building at Fifth Avenue and 58th Street in New York City. Squibb was acquired by the Olin Mathieson Chemical Corporation in the late summer of 1952.[6] Helene Curtis Industries, Inc., of Chicago, Illinois acquired the Lentheric, Inc., division of the Olin Mathieson Chemical Corporation in October 1956.[2]
In 1990, Old Bond Street, 88.5% owned by Wasserstein Perella & Co., purchased Lenthéric and Yardley from SmithKline Beecham.[7] In 1998, Old Bond Street collapsed and Lenthéric was sold to Shaneel Enterprises Ltd.
References
edit- ^ a b “Purely Gossip”, Wall Street Journal, 7 January 1942, pg. 15.
- ^ a b “Helene Curtis Acquisition”, Wall Street Journal, 12 October 1956, pg. 6.
- ^ “Display Ad 94 — No Title”, Wall Street Journal, 7 December 1954, pg. 17.
- ^ “Abreast of the Market”, Wall Street Journal, 11 October 1947, pg. 7.
- ^ “Perfume and Powder Purveyors, Introduce Novelties”, Wall Street Journal, 24 August 1951, pg. 1.
- ^ “Business Milestones”, Wall Street Journal, 11 July 1952, pg. 6.
- ^ “Investor Group acquires SmithKline-Yardley,Lentheric from GlaxoSmithKline PLC through a leveraged buyout”, Thomson Financial Mergers & Acquisitions, 7 July 1990.