PARIS — Givaudan SA said sales in the first nine months of 2009 dipped 3.9 percent year-over-year to 3.03 billion Swiss francs, or $2.74 billion at average exchange for the period.
In local currencies, the Swiss flavors and fragrances firm’s revenues rose 0.4 percent. Minus the effects of a divested business in its flavors division, Givaudan’s gain in local currencies was 0.6 percent.
The company’s fragrance division posted nine-month revenues of 1.39 billion Swiss francs, or $1.26 billion, down 5.1 percent. All of the division’s businesses registered positive growth in the third quarter, the company said.
Givaudan added its fine fragrance sales continued picking up, “slightly above a strong comparable for the third quarter of 2008.” Activity in Latin America and the Asia-Pacific region continued generating double-digit gains, while sales in Europe and North America “improved,” according to the firm.
Givaudan’s consumer products activities maintained a double-digit revenue increase in developing markets and had a decrease in sales in mature markets during the first nine months of 2009.
Fragrance ingredients’ revenues declined in the period, although the business’ revenues rose in the single digits in the third quarter, thanks to the end of destocking and a recovery of sales, particularly of specialty ingredients.
Givaudan’s flavor division, meanwhile, in the nine months rang up revenues of 1.64 billion euros, or $1.48 billion, down 2.9 percent on-year.
The company reiterated its goal of saving 200 million Swiss francs, or $193.9 million at current exchange, and reaching an earnings before interest, taxes, depreciation and amortization margin level of 22.7 percent by 2010.
PARIS — Parfums Issey Miyake has created 2,000 fragrance bottles whose design was inspired by a drawing Ettore Sottsass made in 1997.
Miyake himself had asked the Italian designer to create a flaçon for the brand — which is part of Shiseido’s Beauté Prestige International — but the dream could not become reality due to technical difficulties. Then, Sottsass passed away in December 2007. In homage to him and in keeping with his original design, the limited edition L’Issey Miyake bottles are made primarily of handblown glass.
Only a few sales points will sell the flaçons. In France, for instance, 50 pieces will be carried starting on Oct. 15 in Galeries Lafayette’s flagship in Paris and Issey Miyake’s store on the city’s Rue Royale. Each 100-ml. eau de parfum bottle will retail for approximately 300 euros, or $436.40 at current exchange.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)