ALBERTO-CULVER PROFITS: Alberto-Culver Co. said strong results from its Sally and Beauty Systems Group businesses drove double-digit bottom- and top-line gains in the third quarter. For the three months ended June 30, the Melrose Park,...
ALBERTO-CULVER PROFITS: Alberto-Culver Co. said strong results from its Sally and Beauty Systems Group businesses drove double-digit bottom- and top-line gains in the third quarter. For the three months ended June 30, the Melrose Park, Ill.-based beauty company reported a 20.9 percent increase in net income to $51.5 million, or 56 cents a diluted share. Excluding special items, earnings would have been $50.8 million, or 55 cents, which beat the Wall Street estimate by a penny. Last year, by comparison, Alberto-Culver had profits of $42.6 million, or 47 cents. Sales for the quarter advanced 11.8 percent to $823.2 million from $736.1 million a year ago. Overall, for the first nine months of the fiscal year, the company recorded earnings of $93.8 million, or $1.02, a 19.4 percent decrease from last year’s profits of $116.4 million, or $1.29. However, excluding charges, net income would have climbed 19.7 percent to $139.4 million, or $1.52. Sales for the period increased 12.5 percent to $2.41 billion from $2.14 billion a year ago.
GUCCI PLANT: In September, Gucci will open a plant near Pisa, Italy, that will specialize in the tanning and production of French calfskin for its ultratrendy accessories. The 72,260-square-foot space is going into operation after Gucci formed Blutonic, a joint venture created in June 2001 with two Florentine leathergoods specialists. The company, in which Gucci has a 51 percent stake, was established to monitor the supplies of raw materials and costs and to treat high-end materials. The facility will churn out 300,000 pieces of leather annually. Gucci foresees a similar venue, slated to bow by yearend, for exotic hides such as alligator, crocodile, python and ostrich.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews