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
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