BERLIN — Sales of Douglas Perfumeries increased 3 percent in the first five months of fiscal 2004-2005, which ended Feb. 28, the Douglas Group announced at its annual shareholders meeting last week.
Aided by “good Christmas business,” the Douglas Group achieved group sales of 1.1 billion euros, or $1.4 billion at average exchange rates, a gain of 4 percent. On a same-space basis, group sales rose 1.2 percent.
Chairman Hennig Kreke said the Group plans sales growth of 4 to 6 percent for the coming year, based on its existing portfolio. Profits from ordinary business activities are expected to hit 114 million to 116 million euros, or $152 million to $155 million at current exchange rates, up from 110 million euros, or $132.7 million at average exchange, in fiscal 2003-2004.
The Group, comprising perfumery, book, jewelry, apparel and confiserie retail operations, has approximately 120 million euros, or $160 million at current exchange, at its disposal for investments this year. Kreke added, “We’d like to invest even more — as soon as suitable locations can be found. We’re also in the position at all times to further expand via acquisitions and will do so when the acquisition object fits our yield-oriented strategy.”
Douglas is rumored to be eyeing the French perfumery chain Nocibe.
The Douglas board is proposing a dividend of 1 euro, or $1.34 per share, compared with the 0.75 euro, or 83 cents at average exchange rates, paid in the shortened, nine-month business year of 2003, which ended Sept. 30, 2003. — Melissa Drier
Lauder Honored by Junior League of L.A.
LOS ANGELES — Evelyn Lauder was honored earlier this month here by the Junior League of Los Angeles, which presented her with a Lifetime Community Achievement Award for her work in promoting breast cancer research. Dressed in a multicolored Bill Blass chiffon gown that Lauder dubbed her “rainbow dress,” she accepted the award from actor Tony Shalhoub.
Lauder founded the Breast Cancer Research Foundation in 1993. “When I found out that twice as many women were dying at that time from breast cancer as AIDS, I was outraged,” she said.The foundation became the first not-for-profit organization dedicated to funding research on the causes of and treatment for breast cancer. Now the largest organization of its kind, the foundation contributes a minimum of 85 percent of all funds to breast cancer research grants and awareness programs to achieve prevention and find a cure. Lauder was also instrumental in spearheading the pink ribbon campaign to support the cause, resulting in over 50 million ribbons distributed to date. The Estée Lauder Cos. is the foundation’s largest corporate sponsor, and has raised $100 million for research in the past 12 years.
Also on hand to honor Lauder was her husband, Leonard, as well as Disney chief executive officer Michael Eisner and his wife, Jane. Bob Iger, who will succeed Eisner on Sept. 30, was also seated at the same table with wife and Los Angeles-based CNN anchor Willow Bay, who was once the face of Estée Lauder.
Despite the sobering subject matter, the atmosphere was lighthearted, with guests bidding on auction items like a Marc Jacobs bag, a poker party — complete with dealer — and luxury getaways. — Michelle Dalton Tyree
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion