HELPING HAITI: Despite losing several family members and waiting to hear on the state of her brother, Haitian-born and Brooklyn-raised manicurist Myrdith Leon-McCormack is too driven to get lost in her emotions and not help her home country. Leon-McCormack said earlier this week she has been dealing with diplomats to help organize projects to assist in a rebuilding effort. To that end, she has gathered many of her high-profile beauty and fashion colleagues — Ted Gibson, Warren-Tricomi, Kissable Couture, Carmindy, Tracy Reese and Dana Gibbs — to serve as sponsors for Beauty With a Purpose: For the Love of Haiti, a two-day event she plans to hold during New York Fashion Week for editors, stylists, celebrities and designers. Each sponsor will donate items from their respective lines and proceeds from their sales will go to benefit a selection of charities. More sponsors are being courted to help fund the event, which will be held at the Bryant Park Hotel; the hotel is sponsoring one of the days. For more information, send an e-mail to Haiti@cmdpublicrelations.com.
COSMOLAB AUCTION: All4 Cosmetics Inc., a subsidiary of Schwan-STABILO Cosmetics GmbH & Co KG, inked a deal on Jan. 15 to purchase Cosmolab Inc. five days before the color cosmetics firm, based in Lewisburg, Tenn., filed its Chapter 11 petition in a Delaware bankruptcy court. According to bankruptcy court records, Cosmolab filed along with affiliated debtor Specialty Packaging Holdings, the lead debtor in the bankruptcy case. The proposed transaction, records said, is valued at $13 million in cash, minus adjustments such as any account shortfalls and up to $1 million in payments to suppliers, plus any assumed liabilities. The deal is subject to better offers at a required bankruptcy court auction. An affidavit from Michael J. Musso, chief restructuring officer and interim chief executive officer, filed in Delaware bankruptcy court, said the global market for the debtors’ lip and eye categories has “wholesale sales of approximately $300 million, with Cosmolab being ranked as a top 10 supplier in terms of sales.”
REGIS RESULTS: Salon operator Regis Corp. swung to a profit of $18.2 million, or 30 cents a diluted share, during its second quarter ended Dec. 31, from a loss of $143.3 million, or $3.34, in the same period a year ago. “Second-quarter earnings results benefited from an unplanned actuarial adjustment to prior years’ workers’ compensation and other insurance claim reserves of approximately [2 cents] per diluted share,” the Minneapolis-based firm said, noting that without the item, earnings were 28 cents a diluted share. On average, Wall Street analysts estimated earnings per share of 26 cents, according to Yahoo Finance. The year-ago loss included an aftertax loss from discontinued operations of $117.5 million.
BEAUTY SALES DOWN: Prestige beauty sales were down in the U.S. and in several international markets in 2009, according to The NPD Group, but there was one bright spot — China — which saw a 17 percent increase in fragrance, makeup and skin care dollar sales between January and October. In the U.S., prestige beauty sales were down 6 percent for the year, compared with 2008. All of the U.S. prestige categories experienced dollar sales declines, stated NPD. Prestige fragrance posted the biggest decline, followed by prestige makeup and prestige skin care.
GUIDELINE REVIEW: European competition policy makers are reviewing 10-year-old retail regulations that allow for selective distribution networks and permit manufacturers of everything from beauty products to cars to jewelry to impose quality standards on distributors. The existing rule expires by May 31. On July 28, 2009, the European Commission issued a draft proposal for a renewal of the regulation, including a couple of slight modifications. Among them is one intended to take into account new forms of distribution, particularly due to the development of e-commerce.
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