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.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
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