BERLIN — The cosmetics and toiletries division of the Henkel Group boosted first-quarter operating earnings by 8 percent, or 13.4 percent on a currency adjusted basis, to 89 million euros, or $133.3 million at average exchange.
First-quarter sales for the division grew by 0.6 percent to 708 million euros, or $1.06 billion, a gain of 4.4 percent when adjusted for foreign exchange, while organic sales growth came in at 6.1 percent.
The Düsseldorf-based firm reported continued dynamic growth in Eastern Europe, Latin America and Asia-Pacific, as well as a particularly strong performance in Western Europe and North America.
Henkel Group, which also includes the Laundry & Homecare and Adhesives Technologies division, saw earnings before interest and taxes decrease by 0.9 percent to 320 million euros, or $479.3 million, but when adjusted for foreign exchange, EBIT was up 2.5 percent.
Group sales slipped by 2.3 percent to 3.16 billion euros, or $4.74 billion, primarily due to foreign exchange developments. On a currency-adjusted basis, first-quarter group sales increased 1.7 percent, with organic sales — adjusted for foreign exchange and acquisitions and divestments — growing 3.3 percent.
— Melissa Drier
International Boosts Douglas Perfumery
BERLIN — International business accounts for almost half of Douglas Perfumery sales, parent Douglas Group said Wednesday in its fiscal 2007-08 interim report.
During the first half of the fiscal year, the retailer's 659 doors in 22 countries outside Germany contributed 47 percent of sales, which rose 9 percent to 1.01 billion euros, or $1.48 billion, a 4.8 percent increase on a like-for-like basis.
The remainder of the retailer's 1,101 total stores is in its home market. The chain opened 44 stores in the first half, in addition to integrating more than 70 doors in the Baltic region through its August 2007 purchase of a 51 percent stake in Baltic Cosmetic Holding, Riga. Douglas said its strongest sales growth was seen in Poland, Holland, Italy, Russia and Spain.
In the second quarter ended March 31, Douglas Perfumery's earnings before interest, taxes, depreciation and amortization were up slightly at 26 million euros, or $38.9 million, compared with 25.7 million euros, or $38.5 million, in the year-ago period. Sales rose 11.6 percent to 383.8 million euros, or $574.8 million, a 4.8 percent increase on a like-for-like basis.— M.D.
Inter Parfums Profits Surge 50 Percent
Inter Parfums Inc. reported Wednesday that profits leapt 50.3 percent to $8.7 million, or 42 cents a diluted share, in the first quarter, from $5.8 million, or 28 cents a share, in the same period a year ago.
The results, a record for Inter Parfums, the firm stated, exceeded Wall Street analysts' estimate of 36 cents a share, according to Yahoo Finance.
As reported, the company's quarterly revenues jumped 45 percent to $123.2 million, from $85.1 million in the same year-ago period. Jean Madar, chairman and chief executive officer of Inter Parfums, noted Burberry's The Beat performed especially well and was responsible for "most of the gain."
“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
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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)