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Beauty Beat: L’Oreal and UNESCO Honor Women in Science

L'Oreal and UNESCO celebrated Thursday night here the 10th anniversary of their joint award, For Women in Science, honoring remarkable female researchers in...

PARIS — L’Oréal and UNESCO celebrated Thursday night here the 10th anniversary of their joint award, For Women in Science, honoring remarkable female researchers in the area of life sciences.

This story first appeared in the March 12, 2008 issue of WWD.  Subscribe Today.

One laureate was chosen from each continent and awarded $100,000. For Africa and the Arab States, Lihadh Al-Gazali won for her contributions to the characterization of inherited disorders. For the Asia-Pacific region, V. Narry Kim got the prize for shedding light on some key steps in the formation of a new class of gene-regulating RNA molecules.

From Europe, Ada Yonath was honored for her structural studies of the protein biosynthesis system and its disruption by antibiotics. For Latin America, Ana Belén Elgoyhen got the gold for her contribution to the understanding of the molecular basis of hearing. And for North America, Elizabeth Blackburn was conferred the award for her discovery of the nature and maintenance of chromosome ends and their roles in cancer and aging.

Also present at the For Women in Science ceremony were most of the award’s 52 recipients from 26 countries over the past decade.

Since the event began in 1998, For Women in Science has also recognized 120 fellows from 67 countries — young women researchers in the life sciences. For 2008, 15 were given fellowships of up to $40,000 each over two years.

Koïchiro Matsuura, director general of UNESCO, and Lindsay Owen-Jones, chairman of L’Oréal, presented the For Women in Science awards. Christian de Duve, Nobel Prize-winner in medicine in 1974 and founding president of the awards; Béatrice Dautresme, L’Oréal’s executive vice president of communications and external relations and founder of For Women in Science, and Günter Blobel, Nobel Prize-winner in medicine in 1999 and president of the life sciences jury, contributed to the festivities, as well.

On Saturday, the five laureates and Dautresme were among the women received by French President Nicolas Sarkozy in the Elysée Palace for International Women’s Day.

— Jennifer Weil

Barbara Bui, Parour Settle

PARIS — Groupe Barbara Bui said it has reached a litigation settlement with Groupe Parour, which had held its fragrance license.

In January 2006, the Parisian fashion house launched proceedings against Parour, a Paris-based fragrance and cosmetics manufacturer and distributor, for allegedly failing to honor the five-year beauty license the companies had signed in 2003. Parour had purportedly stopped developing and investing in Bui’s fragrance business.

In the resolution reached by the two companies, Barbara Bui dropped the case in exchange for 500,000 euros, or $765,978 at current exchange, in damages, which will be added to its 2008 profits. For a symbolic 1 euro, or $1.53, the apparel brand also acquired complete ownership of the one fragrance created by Parour, Barbara Bui Le Parfum, which was introduced in 2004.

“Groupe Barbara Bui thus regains its complete independence to launch a new project with its Barbara Bui fragrance license,” stated the firm.

Barbara Bui hasn’t yet entered into discussions with potential new fragrance license holders, but the company hopes to reach a deal with a new firm in less than a year, according to Jean-Michel Lagarde, Bui’s financial and administrative director.

— Ellen Groves

Sally CFO Stepping Down

Sally Beauty Holdings Inc. said Tuesday its chief financial officer, David L. Rea, would resign April 11. Rea, who is senior vice president and cfo, is departing to pursue other interests, the firm stated. The professional beauty products retailer added that Mark Flaherty, its chief accounting officer, will become acting cfo as the firm searches for a successor. Rea held the post while Sally was spun off from Alberto-Culver Co., a move initiated in 2006.