HENKEL BEAUTY FLAT: The beauty division of Henkel AG & Co. KGaA turned in a flat third quarter in the face of a challenging market. Overall, the company’s net profit was down 58 percent to 101 million euros, or $152.2 million at average exchange. Earnings before interest and taxes for the beauty division, which includes brands like Schwarzkopf, Fa and Dial, were 96 million euros, or $144.6 million, up 4.1 percent over last year after adjusting for foreign exchange. Beauty unit sales were up 3.3 percent, when adjusted for foreign exchange, to 770 million euros, or $1.16 billion for the quarter ended in September. The Düsseldorf-based company, which owns some 750 brands in beauty, laundry, home care and adhesives, forecast above-market-average organic sales growth for cosmetics and toiletries, as well as increased operating profits. However, it lowered its overall full-year forecast and has said publicly it plans to shed up to 50 underperforming brands. Shares of Henkel decreased 7 percent to 21.63 euros, or $27.98 at current exchange, on the Frankfurt Stock Exchange.
NO LONGER BARE: As part of Completely Bare’s aggressive rollout plan, the company has opened a new hair removal spa on Bond Street in New York City, bringing its Manhattan spa count to five. According to Completely Bare’s founder, Cindy Barshop, who opened her first location on Madison Avenue 10 years ago, the salon chain has plans to roll out an additional 20 units throughout the U.S. over the next five years. With three treatment rooms, the new location at 25 Bond Street offers treatments such as permanent hair removal, waxes, age eraser and LED light facials and a spray-tan service. Medical director Mitchell Mandel will be on hand to help assist in researching and testing new technologies and treatments.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)