PARIS-Renaud de Lesquen is now heading up YSL Beauté, which L’Oréal acquired earlier this year from PPR for 1.15 billion euros, or $1.69 billion at current exchange, it was revealed during a financial analyst meeting held Friday morning at L’Oréal headquarters in the Paris suburb of Clichy. De Lesquen, who was formerly international brand president of Giorgio Armani Parfums and Cosmetics, replaces Andrea Barbier in the role. It could not immediately be learned who succeeded de Lesquen at Armani. YSL Beauté, which includes beauty brands such as Yves Saint Laurent, Roger & Gallet, Boucheron, Stella McCartney, Oscar de la Renta and Ermengildo Zegna, registered first-half 2008 sales of 299 million euros, or $457.6 million at average exchange in the period, up 3.1 percent versus first-half 2007. As reported, L’Oréal reported its net profits for first-half 2008 increased 6.4 percent versus the comparable prior-year period to 1.26 billion euros, or $1.92 billion. Its operating profits gained 3.9 percent to 1.5 billion euros, or $2.29 billion, representing 17.3 percent of sales, a 40 basis-point on-year gain – a company record. L’Oréal’s first-half revenues were 8.65 billion euros, or $13.23 billion, up 1.6 percent.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)