- J&J ACQUISITION: Johnson & Johnson has acquired Chinese cosmetics firm Dabao for an undisclosed sum. The company stated that the acquisition of Beijing Dabao Cosmetics Co. Ltd. from Beijing Sanlu Factory and the Beijing Dabao Co. Ltd. Staff Shareholding Committee has been finalized following government approvals. “This transaction is an extension of our commitment to China,” said Jesse Wu, president of Johnson & Johnson (China) Investment Co. Ltd, a business unit that was established by J&J in China 10 years ago. Dabao, which markets a range of personal care products — including fragrances, skin care, color cosmetics and hair care — under an eponymous brand name, was launched in 1985. That same year, J&J established its first joint venture in China. - FUNDING PRODUCT SAFETY: The House of Representatives passed a consumer product safety bill Wednesday that would increase the funding and staffing for the Consumer Product Safety Commission to $118 million in 2010 and to $136 million by 2015, from its fiscal 2008 level of $80 million. The legislation also would establish lower lead content standards in all children’s jewelry and toys, and establish an online database to allow the public to review reports about product safety from consumers, the government and child care and health care providers. It also would increase the limit of civil fines to $15 million from $1.8 million, require third-party testing of all children’s products and direct the Government Accountability Office to conduct a study on the use of formaldehyde in the manufacture of textile and apparel products. The Senate could take up the bill this week.
@beyonce chose a custom gown by @falgunishanepeacockindia for mother @mstinalawson 's second annual Wearable Art Gala last night. The gown, which took 10 days to make, was inspired by Nubian warrior queen Amanishakheto. Reporting by @hernameislex . #wwdeye 👑 🐝#beyonce
After dressing @justintimberlake for his Super Bowl halftime performance last month, @stellamccartney has designed the star’s "Man of the Woods" tour wardrobe. Timberlake will be wearing a mix of pieces from McCartney’s fall men's collection as well as custom designs and items from his own closet. #wwdfashion
@carmeloanthony is upping his fashion game once again, introducing a hat collection with @goorinbros. Called Fresh Greens by Melo x Goorin, the line consists of five unisex models, all of which are made in America from 100 percent wool. Each hat is lined with Anthony’s signature and the inscription “Knowledge of self, wisdom and understanding.” You can purchase the collection line at Goorin’s website as well as three off its stores in San Francisco, New York City and Las Vegas #wwdaccessories
“I am of tradition, but that doesn’t mean I have an old outlook on life,” Hubert de Givenchy told WWD in an interview in 1978. The legendary designer, who died last week at the age of 91, achieved wide success soon after launching his own couture boutique in the early ’50s, but he refused to pine for that time. For the first time since its original publication, read our interview with Givenchy on his awe for Audrey Hepburn and looking forward. Link in bio. #wwdarchives #fbf (📷: Pierre Schermann)
About last night: @alexachung and @supergausa toasted the launch of their capsule collection. “It’s the shape that I love, so rather than amend the last and make the sole crazy or do anything wild, we just did really subtle additions that I think make it look really luxe-y,” said Chung. #wwdfashion (📷: Marc Patrick)
Exclusive: @off____white’s @virgilabloh is launching an exclusive eyewear capsule collection @sunglasshut. The unisex collection, which is made up of three styles, first made its debut on the brand’s fall runway show in Paris. Get all the details on WWD.com – link in bio. #wwdnews #wwdfashion