PARIS — Stella McCartney and L’Oréal are parting ways.
The two “have made the mutual decision not to renew their license agreement after the contract ends on Sept. 12, 2013,” the French beauty giant said Tuesday. “As a result of their mutual decision, L’Oréal will focus on concentrating on its other brands, while Stella McCartney will pursue its fragrance and beauty business.”
A McCartney spokesman had no further comment.
L’Oréal acquired the Stella McCartney beauty business — including what was billed then to be the first designer organic skin-care brand on the market, Care by Stella McCartney — in May 2008, as part of the deal to take over YSL Beauté from the then-PPR for 1.15 billion euros, or $1.48 billion at current exchange.
McCartney’s other major beauty projects have included two fragrances, L.I.L.Y. and a signature scent.
Nicolas Hieronimus has been named to the new position of president of the Selective Divisions, including the Luxury, Active Cosmetics and Professional Products branches plus The Body Shop.
“This leadership role supervising the Selective Divisions of L’Oréal is created in order to accelerate the group’s development in all retail distribution networks, leveraging its expertise in each of the distribution channels,” the company stated.
Hieronimus was appointed president of L’Oréal Luxe in January 2011 and will maintain that position as well.
Lebel, who joined L’Oréal in 1981, has spearheaded the Consumer Products Division since 2008. Marc Menesguen, currently executive vice president of strategic marketing, succeeds him.
Other changes include Frédéric Rozé being appointed executive vice president of the Americas zone, including North and Latin America. He will continue to be chief executive officer of L’Oréal USA.
Alexandre Popoff was named executive vice president of the Eastern Europe zone. He most recently was executive vice president of the Latin America zone.
Jochen Zaumseil is to become executive vice president of the Western Europe zone. Until now, he has held the post of executive vice president of L’Oréal’s Asia-Pacific zone.
Alexis Perakis-Valat will succeed Zaumseil in his current role and continue serving as L’Oréal China’s ceo.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)