FIRMENICH CHAIR: Vernon Sankey has been elected chairman of Firmenich’s board of directors. He replaces Jean-Marc Bruel, who will retire from the role after an eight-year tenure. Sankey, who took up the chairman role Thursday, joined Firmenich’s board in 2006. He is also a member of the boards of Zurich Financial Services AG and Atos Origin SA. Bruel joined Firmenich’s board in 1995 and was named chairman in 2000. He was the firm’s first nonfamily chairman since Firmenich was founded in 1895. In other Firmenich news, the privately owned firm reported sales for the year ended June 30 hit 2.85 billion Swiss francs, or $2.52 billion at current exchange. That equates to a 13.5 percent increase in Swiss francs and an 18.4 percent hike in local currencies. Its perfumery division generated double-digit growth in the period. “In fine fragrance we achieved a robust sales progression and again posted the highest win rate for new market launches,” the firm stated. LONG ROAD TO CVS: The battle for Longs Drug Stores may be finally over. Walgreen Co. chief executive Jeffrey A. Rein issued a letter to Longs Drug Stores stating it was withdrawing its takeover offer of about $2.8 billion. The letter states Longs refused to “engage in a constructive dialogue.” Last month, Longs decided to accept a lower bid from CVS Caremark.
REGIS UP: Salon operator Regis Corp. posted first-quarter revenues of $680.2 million, a 1.9 percent increase from $667.5 million in the same period a year ago, as overall same-store sales slipped by 1.6 percent. Hair services accounted for the bulk of sales at the 13,500-unit chain, generating 70.3 percent of revenues, or $478.1 million, while product sales accounted for 28.1 percent of revenues, or $191.4 million. “Consumers are cutting back and as a result we are seeing a slowdown in spending and visitation patterns,” Paul D. Finkelstein, chairman and chief executive officer of Regis, said of effects of the economic environment on same store sales. He added that first-quarter earnings from operations are now expected to be near or slightly below the low end of the firm’s guidance range of 41 to 47 cents a share.
PIER 1 VENTURE: Pier 1 Imports Inc. is taking a bigger stride into beauty. The 1,100-store retailer, which began carrying a spa product line from Thailand called Prann a year ago and added a body care line from Israel called Nature’s Minerals in July, is poised to launch no less than five collections of bath and body care products and accessories for spring. The lines, which include monikers like Freesia, Seaside Mist and Pink Grapefruit, were unveiled during a press event at Gary’s Loft this week. Prices across the different lines range from $1.50 to $30, and the collections are slated to be launched during January, February and April. L’OREAL MASTERS: L’Oréal is going back to school. The French beauty giant is sponsoring the law and business ethics masters degree at the University of Cergy-Pontoise, in France’s Val-d’Oise department. The program will begin in 2009. “It is the first diploma of its kind in Europe,” said Emmanuel Lulin, L’Oréal’s director of ethics and sponsor of the law and business ethics masters class of 2009. “Business ethics is a complex subject, which needs to be addressed with humility and determination. The global leaders of tomorrow are those companies who have integrated ethics into their strategic planning but also [into] their everyday business practices.” L’Oréal also supports the university’s law and business ethics chair, which was created in July 2007.
RAMOS DEBUT: Hairstylist Robert Ramos launched his namesake hair care line at the Estilo Salon in Los Angeles Monday night. Ramos’ Hollywood client list includes Jessica Alba, who attended the launch event with husband Cash Warren and actress Jaime King, and Bette Midler, whose tresses Ramos handles for her Las Vegas shows. Robert Ramos Products includes four, 8-oz. items: Daily Moisture Shampoo for $23, Daily Moisture Conditioner for $23, Spray Leave-In Conditioner for $25 and Volumizer for $31. Ramos called the Volumizer, which contains hydrolyzed algae and rice protein, the star of the initial selection. “It was important to me to have something that would give you body and volume, but wouldn’t beat up your hair,” he said. “The algae really seals the hair and protects it from environmental assault, and the rice protein gives you the texture and the body.” The line is sold at Estilo and robertramos.com, and Ramos expects it to generate $250,000 in first-year sales.
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