PARIS — Groupe Clarins reported second-quarter 2008 sales of 245.7 million euros, or $384.1 million at average exchange, down 3.4 percent on second-quarter 2007. At constant exchange, the company’s revenues rose 3.2 percent.
For the first half of 2008, Clarins posted sales of 485.8 million euros, or $743.5 million at average exchange, down 1.8 percent. At constant exchange, revenues rose 4.1 percent in the period.
“This respectable performance was achieved under challenging market conditions resulting from a worldwide slowdown in consumer spending, flat growth in sales volumes in the cosmetics industry, particularly fierce competition for perfumes and unfavorable foreign exchange trends for the European cosmetics industry,” the company stated.
Clarins attributed its revenue gains at constant exchange partially to “a slightly positive trend for sales volumes combined with a strong marketing plan for skin care products.”
The company’s beauty division, comprising treatment and makeup, generated revenues of 346.1 million euros, or $529.7 million at average exchange, in the first half of this year, up 1.2 percent or 7.6 percent at constant exchange rates, driven primarily by gains from Clarins’ skin care products.
The company’s perfumes division registered revenues of 139.7 million euros, or $213.8 million at average exchange, down 8.4 percent in the half. At constant exchange, the dip was 3.8 percent. Clarins stated the division’s results were due to a tough comparison base versus first-half 2007, when Thierry Mugler and Azzaro both launched products.
As a result of the “unfavorable economic environment providing limited visibility,” Clarins projects its full-year revenues will grow 4 percent at constant exchange. That’s at the low end of its former guidance of 4 to 6 percent.
“Earnings will be impacted by very unfavorable foreign exchange trends and the consequences of the group’s stated strategy of investing to support the development of its existing and new brands,” Clarins stated.
As reported, this month the Courtin-Clarins family, majority shareholders in Clarins, announced an offer worth 814.2 million euros, or $1.28 billion at current exchange, to take the company off the Paris Bourse. Their stated aim is to focus on mid- to long-term strategies.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast