BERLIN — German cosmetics giant Beiersdorf reported a 25.6 percent drop in overall operating profit for the first quarter of 2009, from 195 million euros, or $292.5 million at average exchange, to 145 million euros, or $190 million.
The preliminary results, which were released Friday, show the company’s consumer segment, which includes Nivea, La Prairie and Eucerin, had a mixed first quarter. Operating results for the segment declined 15.8 percent to about 144 million euros, or $188.6 million, with like-for-like sales roughly unchanged, decreasing 0.5 percent.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"