PARIS — Boosted by its acquisition of Quest, fragrance and flavors supplier Givaudan announced first-quarter sales of 890 million Swiss francs, or $722 million at average exchange, up 18 percent (or 19.8 percent in local currencies) year-on-year.
The Varnier, Switzerland-based firm said in a statement that the hike reflects good organic growth and the consolidation of Quest's sales as of March. As reported, Givaudan announced it would acquire Quest from Imperial Chemical Industries plc late last year in a deal valued at 1.2 billion pounds, or $2.21 billion at average yearly exchange.
Had Quest been consolidated since Jan. 1, 2006, consolidated first-quarter sales would have reached 1.13 billion Swiss francs, or $912 million, representing growth of 4 percent (or 5.3 percent in local currencies).
In the first quarter, Givaudan's fragrance sales rose 28 percent to 401.3 million Swiss francs, or $325 million. Had Quest's fragrance business been consolidated since the beginning of this year, Givaudan's sales would have grown 8 percent, to 530.5 million Swiss francs, or $430 million.
Givaudan's fine-fragrance division continued to post single-digit revenue growth in the first quarter. Double-digit gains in Europe and in Latin America were driven by several launches for major customers, the firm said. Meanwhile, Givaudan's sales in North America declined, "against strong comparables," the company said. Looking ahead, Givaudan said the number of briefs it is working on in all regions remains high, and several launches are planned within the coming months.
Givaudan's consumer products division posted double-digit growth, with India, China and the Philippines showing the strongest performances. The greatest segment growth came from household and hair care, followed by personal care, the firm said.
Fragrance ingredients also recorded a strong first quarter with sales up year-on-year for the first time since Givaudan started rebalancing its portfolio and phasing out certain ingredients. During the period, the company introduced safraleine, a warm, saffron, spicy molecule. And, Quest's research teams created two new captives — zinarine, a natural green and tomato leaf note, and paradisamide, a fresh tropical fruit note. — Ellen Groves
Clarins, Self Team for 'Challenge'
NEW YORK — Groupe Clarins USA and Self magazine have teamed up this spring for the Self Challenge, a three-month diet and exercise program that last year attracted some 300,000 participants, drove body care sales for Clarins and translated into new subscribers for Self.This year's Self Challenge runs from March through May and it's the 11th such event for the magazine, which, like WWD, is owned by Condé Nast Publications. Clarins and Self expect the number of participants in this year's program to exceed the mark set last year, an event that yielded roughly 30,000 new Self subscribers, according to data from the magazine.
The beauty firm is in its second year of sponsoring the program — no surprise considering last year's results. Clarins' body care sales were up double digits in the U.S. during the Self Challenge in March and April last year, according to Clarins executives.
The program works like this: Participants who registered in January and February follow exercise and diet regimens outlined in the March, April and May issues of Self and at self.com. They are encouraged to log their eating and exercise habits online or through the mail. The program culminates in May with so-called Workout in the Park events in four major cities — San Diego, Chicago, Miami and New York — where Clarins samples and treatments as well as giveaways are held.
"We have heightened expectations for this year," said Eric Horowitz, president of the Clarins brand division of Groupe Clarins USA, during a recent interview. To promote awareness of the program, e-mail blasts, as well as visuals on Clarins' Web site, on Self's site and beauty counters, plus advertorials in the magazine, will be employed. "We instinctively feel our customers are reading Self and Self readers are buying Clarins," said Horowitz. "The cobranding effort has been a good one. It's an opportunity to broaden the reach of Clarins to new audiences."
"We call April 'Body Awareness Month,'" added Caroline Pieper-Vogt, senior vice president of marketing for the Clarins brand. "[It] is the core of the program." She noted a highlight of the Self Challenge is that, when consumers buy two full-size Clarins body care products this month, they are eligible for a one-year subscription to Self.
Clarins points of sale in 1,000 doors in the U.S. will have 500,000 Workout Style Cards available, which are meant to match a particular skin care product with a particular workout style, be it yoga, swimming, running or aerobics."[The challenge] touches [participants] consistently throughout the five months," said Kimberly Anderson Kelleher, vice president and publisher of Self. "Beauty is the end goal, but it's about feeling good, eating healthy and taking care of yourself." She added, "The Self Challenge converts more [consumers] to Self subscribers than any other promotion. It leads to trial and purchase."
The April issue of Self, which hit newsstands last week, features removable cards that have photos of exercises on one side and images of Clarins products on the other. An additional highlight of the Self Challenge is a randomly drawn grand prize, which will consist of one winner receiving a weekend trip to Paris to be pampered at the Clarins Institute there. — Matthew W. Evans
L'Oréal Honors 'Women of Worth'
NEW YORK — L'Oréal Paris has kicked off its second annual Women of Worth program, which recognizes women on local and national levels who engage in activities such as community activism and volunteerism.
L'Oréal Paris began accepting nominations Monday. The program was inspired by L'Oréal Paris' "Because I'm Worth It" tag line and brand philosophy. "The four simple words 'Because I'm Worth It' continue to serve as a galvanizing and unifying force for the L'Oréal Paris community," Carol J. Hamilton, president, L'Oréal Paris, said in a statement Friday. "The Women of Worth program brings this message to life and honors real hometown heroes across the country."
Nominations will be accepted through May 24 on the Web site womenofworth.com. Last year, more than 1,600 women participated and seven honorees received $5,000 donations for the various organizations they represent. — Michelle Edgar
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
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye
Did you know: @carlychaikin of "Mr. Robot" has been painting for about a decade? The actress, who plays Darlene on the show, is a self-taught artist who lists Salvador Dalí and Chuck Close as some of her idols. Chaikin told WWD that painting is a form of meditation for her — A much-needed one given the intensity of "Mr. Robot." See a piece Chaikin is working on at WWD.com (📷: @jilliansollazzo) #wwdeye