PARIS — Shares of Groupe Clarins lost ground late last week amid reports that the company would not be exploring a sale.
On Thursday, Groupe Clarins stock price dropped 7.4 percent to 57.99 euros, or $86.10, versus Wednesday's close. However, shares rebounded somewhat on Friday, inching up 1.25 percent to close at 58.72 euros, or $87.05. Currencies were converted using the average exchange rates for Thursday and Friday respectively.
"All of the groups are interested in Clarins; they have all made propositions, but liberty does not have a price. We remain our own masters," said Christian Courtin-Clarins, Clarins' president and chief executive officer, in an article appearing in French daily newspaper Le Figaro on Thursday. Courtin-Clarins reportedly did not deny his readiness to welcome investors into his company if they remain minority shareholders and he and his brother Olivier, who is currently vice president of research and development, maintain control over the firm's board. Courtin-Clarins said he is not going to allow someone "to put a foot in the door, a fox to mind the geese."
The company has been ample fodder for the rumor mill of late. The company's stock price has been on an upward trajectory, thanks to conjecture that it would be acquired by the likes of L'Oréal, Procter & Gamble Co., The Estée Lauder Cos., Shiseido or Beiersdorf AG following the death of its founder Jacques Courtin-Clarins earlier this year. Last Monday, Clarins' stock price closed up 8 percent to 64.71 euros, or $95.95, due to the resurgence of speculation that PPR could take over Clarins.
The Courtin-Clarins family has steadfastly maintained in the past that the company is not for sale. — Jennifer Weil
Kiehl's Names Worldwide GM NEW YORK — Patrick Kullenberg has been named the new general manager worldwide of Kiehl's Since 1851, a division of L'Oréal USA, succeeding Rob Robillard, who previously resigned.
Kullenberg, a 12-year veteran of the L'Oréal Group, will be responsible for all of Kiehl's international operations and will report to Valerie Chapoulaud, president of L'Oréal USA's Luxury Products Division. The appointment will take effect in January.The new Kiehl's chief spent the last two years in Paris as the deputy general manager of Garnier Worldwide. Previously, he held various marketing positions within that L'Oréal division.
Kullenberg began his career with L'Oréal in 1995 at the L'Oréal Paris Division in the U.K. He also served as general manager for L'Oréal Paris in Spain.
Chapoulaud said in a statement, "Patrick is a well-respected executive within the L'Oréal Group whose leadership and global vision make him an excellent choice for this role."
Ormonde Jayne Headed to Dubai
LONDON — Ormonde Jayne is spreading its wings.
The perfumery, which is based on Old Bond Street here, will open two outposts in Dubai starting in February. The spaces, which will be located in Boutique 1 stores in the city, will be the brand's first locations outside of London.
"A lot of people in Dubai had been asking Boutique 1 if it stocked Ormonde Jayne," said Linda Pilkington, the brand's founder. "We have quite a big following in the Middle East."
The spaces — one will be in Boulevard at Emirates Towers from February and the other, in Jumeirah Beach, will open in March — will replicate the brand's London flagship and feature bronze smoked mirrors and black lacquered testing tables. — Brid Costello
Cofinluxe Inks Charriol Scent License
PARIS — Cofinluxe has signed a worldwide licensing agreement for the creation, manufacturing and distribution of Charriol fragrances. Charriol is a Geneva-based watch, jewelry and accessories brand. Its products are sold in more than 3,200 doors worldwide, including 81 freestanding stores. The first Charriol scent is due to be launched in the second half of 2008. Cofinluxe also has in its portfolio the fragrances from Salvador Dali and Morgan.
Annette Green to RMJ
NEW YORK — Beauty manufacturer RMJ Laboratories Inc. has named Annette Green business development consultant. Green stepped down as president of the Fragrance Foundation in 2003 after heading it for 41 years. In her new role with RMJ, Green will act as a liaison between beauty brands and RMJ, a contract manufacturer of skin care, bath and body, hair care and organic personal care products.In addition to manufacturing, filling and assembling beauty products, RMJ, which is based in Edison, N.J., conducts research and development, product development and analytical work on product formulations.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over the top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty