BERLIN — The cosmetics and toiletries division of the Henkel Group had a strong fourth quarter ended Dec. 31, with operating profit rising 31.5 percent to 70 million euros, or $90.8 million at average exchange rates, and sales growing 22.9...
BERLIN — The cosmetics and toiletries division of the Henkel Group had a strong fourth quarter ended Dec. 31, with operating profit rising 31.5 percent to 70 million euros, or $90.8 million at average exchange rates, and sales growing 22.9 percent to 664 million euros, or $861.1 million.
On Thursday, the Düsseldorf-based group said acquisitions such as Dial, ARL and Indola helped boost 2004 beauty sales by 18.7 percent to 2.48 billion euros, or $3.24 billion. Adjusted for currency effects, sales for the division grew 21.8 percent. Earnings before interest and taxes for the year rose 16.2 percent to 225 million euros, or $293.9 million.
The group, which also includes laundry and home care, consumer and craftsman adhesives and technologies divisions, reached its growth objectives in 2004. Group sales rose 12.3 percent to 10.59 billion euros, or $13.83 billion, with organic growth placed at 2.9 percent. Last summer, Henkel lowered its organic growth target from 3 to 4 percent to 2 percent.
Group pretax earnings surged from 706 million euros, or $922.3 million, to 1.92 billion euros, or $2.51 billion. This figure includes one-time proceeds of 1.77 billion euros, or $2.31 billion, relating to an exchange of Henkel’s 28.8 percent stake in Clorox, the group pointed out.
In 2005, Henkel said it expects sales, after adjustments for foreign exchange rates and acquisitions divestments, to organically grow between 3 and 4 percent. Without exceptional items, the group is forecasting growth in pretax earnings, after adjusting for foreign exchange, to be in the high teens.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast