PARIS — Swiss flavors and fragrance supplier Givaudan posted third-quarter sales that were down 4.2 percent to 1.05 billion Swiss francs, or $984.8 million at average exchange.
For the first nine months of 2008, the firm generated sales of 3.15 billion Swiss francs, or $2.98 billion at average exchange for the period, representing a 1.4 percent increase in Swiss francs and a 9.8 percent hike in local currencies.
On a pro forma basis — assuming Quest International had been consolidated in Givaudan’s books since Jan. 1, 2007, and excluding the impact of portfolio streamlining — sales were up 3.4 percent in local currencies, the company said.
Givaudan added it is confident it will achieve its savings target of 200 million Swiss francs, or $177.5 million at current exchange, by 2010.
“Givaudan is well positioned to again grow above market as of 2009 and to reach pre-acquisition margin levels by 2010,” the firm stated. “In the coming five years, 2009 to 2013, Givaudan aims [to create] 620 million Swiss francs [or $550.2 million] of incremental sales on top of the market growth.”
In the nine-month period, Givaudan’s fragrance division generated sales of 1.46 billion Swiss francs, or $1.39 billion, an increase of 2.3 percent year-on-year in Swiss francs and 10.7 percent in local currencies.
“All core businesses — consumer products, fine fragrances and specialty ingredients — showed healthy growth,” the company stated. “Fine fragrance sales continue to show an improving trend.”
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)