NEW YORK — Revlon Inc. is seeking to collect more than $1 million from two foreign shipping companies that allegedly lost and/or damaged a load of cosmetics bound for New York from Italy.
In a lawsuit filed in Manhattan federal court on Jan. 7, Revlon and Mitsui Sumitomo Insurance Co. accused BDP International Inc., Milan-based Sifte Berti SpA and the container ship MV Ali Ihsha’a of failing to deliver the cosmetics shipment in the “same good order and condition as received.”
BDP International would not comment on the matter. Sifte Berti could not be reached for comment.
“Negligence caused the subject shipment of cosmetics to become lost and/or damaged,” said Revlon in the complaint, resulting in damages of $1.1 million.
According to the complaint, a number of Italian shipping operations delivered goods to BDP, Sifte Berti and the MV Ali Ihsha’a on Jan. 7, 2004 that were to be transported to New York City.
In addition to the $1.1 million in damages, Revlon is seeking an unspecified amount in statutory damages. — Ross Tucker
Beiersdorf Income, Sales Up
BERLIN — The Beiersdorf Group achieved a 5.5 percent increase in 2004 operating income, and a 2.5 percent sales gain last year, according to preliminary figures released on Tuesday.
Earnings before interest and taxes reached 480 million euros, or $596.9 million at average exchange.
Profit after taxes neared 300 million euros, or $373.1 million, a decline of about 1 percent. Group sales reached 4.55 billion euros, or $5.65 billion. Adjusted for currency effects, group sales rose 4.1 percent.
The consumer division, which replaces the group’s former cosmed and medical divisions and includes body and facial care under brands such as Nivea, Labello, Florena, Juvena, La Prairie, Eucerin and others — as well as Curad and Curitas plasters — saw 2004 sales rise 2.7 percent to 3.84 billion euros, or $4.78 billion. Adjusted for currency effects, sales grew 4.3 percent. The company noted particularly strong performance in the business regions of the U.S., Africa, Asia and Australia.Fourth-quarter sales reached 922 million euros, or $1.2 billion. Comparable divisional sales for the quarter in 2003 were not released, and due to restructuring of the divisions, cannot be independently computed.
The division’s EBIT hit 430 million euros, or $534.7 million, for the year. Operative earnings for the fourth quarter came in at 94 million euros, or $116.9 million. Beiersdorf did not release comparable EBIT figures for the year or quarter at this time, and due to structural changes they cannot be independently computed.
Beiersdorf is projecting an increase in currency adjusted sales for 2005, with an improved return on sales (profit before tax) of 11 percent, and a net return on sales (profit after tax) of about 7 percent.
Final group figures for 2004 will be released at the annual financial press conference on March 30. — Melissa Drier
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews