Earlier in his career, Coty Inc. chief executive officer Michele Scannavini worked at Ferrari as the commercial and marketing director, where his duties included zooming around a motor track in the fabled sports car. That early exposure to speed has served him well—in the last year alone, Scannavini was named ceo of Coty, taking the reins from his former boss Bernd Beetz, and oversaw its initial public offering on the New York Stock Exchange, beauty’s biggest IPO of the last decade. Now, Scannavini faces a bigger—and more immediate—challenge, namely, to diversify and globalize the $4.6 billion company, and transform it from a significant player in fragrance into a full-fledged competitor in color cosmetics and skin care as well. In other words, the executive is just getting started, as I learned when I spent time with Scannavini and his senior management team, a tight-knit group who love to play as hard as they work. To discover how they are transforming Coty under their new leader, turn to “Setting the Pace” on page 18.
Coty is not alone in its ambitions to become dominant in the prestige skin care sector. Mass retailers from Amazon to Target have made no secret of their desire to establish themselves as players in that realm. To that end, the pace of activity is unrelenting, from Target acquiring the online player DermStore.com, to Amazon’s much-anticipated unveiling of its Luxury Beauty Store. But as Rachel Brown, WWD’s West Coast beauty editor, reports in “Site Plan,” for many brands, these developments pose as many challenges as they do opportunities. Find out why on page 28.
Forging a bold partnership with Target certainly paid off well for makeup artist Sonia Kashuk, whose namesake line launched in the retailer 15 years ago and has posted gains every year. Her husband, Daniel Kaner, is an equally as successful entrepreneur in the hair-care sector, most recently cofounding Oribe Hair Care. Happily, Kashuk and Kaner agreed to be the first subjects for Double Major, a new WWD Beauty Inc feature which will appear in each issue starting next February, featuring a candid conversation between two like-minded business greats. Who would you like to hear from in the year ahead? E-mail me at firstname.lastname@example.org and let me know.
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
@longchamp, which marks its 70th anniversary this year, just opened its biggest U.S. store on Manhattan’s Fifth Avenue. On the lower level there’s a floor-to-ceiling display of the brand’s iconic Le Pliage bag – in all of its different colors, shapes and sizes. Customers can also have their product personalized in-store by imprinting names, initials or emblems. #wwdfashion (📷: @ericmtownsend)
“Whenever I’m in that place of sound and music, I don’t have fear or nervousness…This album has a lot of themes of courage and boldness and I want to be the soundtrack for people’s lives. I’ll be so happy if [my songs] evoke strength in people, which I know music has done for me,” says @kimbramusic of her newest album “Primal Heart.” The New Zealand-born singer sat down with WWD to talk about her music, newest tour and connecting with hear fans — read more on WWD.com #wwdeye (📷: @jilliansollazzo)
Luxury handbag resale company @rebagofficial is planning to sell a rare collectible for $70,000: the @hermes White Crocodile Himalayan Birkin. The exclusive Birkin sold for about $100,000 in 2008, when @davidbeckham bought one for his wife @victoriabeckham to add to her collection. Read more about the rare Birkin on WWD.com #wwdaccessories
With her costume pearl necklace and what-you-see-is-what-you-get style, Barbara Bush, who died Tuesday at age 92, was a straight-shooter from start to finish.
Born Barbara Pierce in New York City, Bush served as the 37th first lady, as well as the country’s second lady from 1981 to 1989. In addition to being part of the longest presidential marriage — 73 years — Bush also had the unlikely distinction of having one son, George W., become the 43rd president and another son, Jeb, run unsuccessfully in 2016. Having served as second lady during the Reagan administration’s two terms and lived all over the world during her own husband’s ascending political career, Barbara Bush made it clear that literacy — not fashion — was her priority. Read more from Rosemary Feitelberg’s obituary on the late First Lady in WWD.com, link in bio. #barbarabush #wwdnews
Western and ’90s trends have influenced denim for fall 2018. Think raw, dark and coated jeans mixed with bold prints and tough leather. #trendtuesdays #wwdfashion (Styled by @thealexbadia;📷: @ryanplett)