| Business Summary | | Azurel
Ltd.,
through
wholly
owned
subsidiaries,
manufactures,
distributes
and
assembles
perfumes
and
color
kit
products
under
the
Company's
own
brand
names.
In
order
to
take
advantage
of
the
its
product
development
expertise,
the
Company
develops
color
cosmetic
and
fragrance
lines
that
it
markets
under
brand
names
created
internally
(Branded
Products).
To
date,
Azurel
has
developed
two
lines
of
Branded
Products
internally.
The
Company
sells
Branded
Products
in
the
United
States
and
internationally.
In
the
United
States,
Azurel
sells
directly
to
retail
outlets
that
sell
similar
products,
such
as
chain
drug
stores
and
department
stores.
The
Company
entered
into
distribution
agreements
with
two
foreign
distributors
that
cover
certain
countries
in
the
Middle
East
and
the
Far
East. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AZUR,
through
its
subsidiaries,
manufactures,
markets
and
sells
private
label
cosmetics,
fragrances
and
skincare
products
and
also
provides
accounting,
marketing,
warehousing
and
other
administrative
services.
For
the
six
months
ended
6/30/01,
revenues
fell
57%
to
$376
thousand.
Net
loss
from
continuing
operations
fell
85%
to
$301
thousand.
Revenues
reflect
the
Company's
bankruptcy
filing.
Lower
loss
reflects
inventory
valuation
adjustments
and
lower
S/G/A
costs
due
to
downsizing. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Gerard Semhon, 64 Chairman
and CEO | $150K | Frank DeSimone, 46 COO,
Exec. VP, Director | 121K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|