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.
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