French beauty heavyweight L’Oréal has signed an agreement to develop skin care devices with U.S. firm Light BioScience, which specializes in light-based technology, referred to as light-emitting diode photomodulation, for medical and aesthetic purposes.
The deal, announced Wednesday, also allows L’Oréal to market existing Light BioScience devices worldwide.
Financial terms of the agreement were not disclosed.
Virginia Beach, Va.-based Light BioScience’s flagship product is its patented GentleWaves LED Photomodulation, a noninvasive technology used by physicians and medical spas to stimulate skin by using low-intensity LEDs. This is said to slow down photo aging, thereby reducing wrinkles and rejuvenating skin.
“We have decided to pool our in-depth knowledge of skin and Light BioScience’s unique expertise in photomodulation to offer customers a new and complimentary approach to skin care,” said L’Oréal’s executive vice president of research and development, Jean-François Grollier, in a statement.
To that end, L’Oréal also has established a development unit for “instrumental cosmetics,” mechanical devices for use on skin, within its research and development division. — Ellen Groves
Parfum d’Image Posts $6.1M in Earnings
PARIS — Parfum d’Image, the French private label beauty manufacturer, reported earnings of 4.6 million euros, or $6.1 million at average exchange, for its fiscal year ended Sept. 30. That came on the back of sales of 26 million euros, or $34.6 million, up 27.7 percent year-on-year.
Growth at the Levallois-Perret, France-based firm was driven by the acquisition of its main French competitor, Essens, in February plus new contracts for major retailers, including Carrefour, Galeries Lafayette, Superdrug and River Island.
The firm’s U.S. subsidiary, created last December, generated business of 1.1 million euros, or $1.5 million, through collections for retailers such as TJMaxx, Jean Coutu and Nine West. In November, Parfum d’Image Inc. acquired Latitudes International Fragrance, an American creator of private label fragrances.
Through synergies with Latitudes plus new beauty lines for Pimkie, Nocibé, Claire’s and Superdrug, Parfum d’Image targets sales of between 45 million euros and 50 million euros, or $66 million and $74 million at current exchange, and earnings between 8 million euros and 9.5 million euros, or $11.8 million and $13.9 million, in 2008. — E.G.
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye