BERLIN — The supervisory board of Beiersdorf AG, the German producer of Nivea, La Prairie and Eucerin, voted Sept. 3 to extend the contract of executive board chairman Thomas-B. Quaas for another five years. Quaas has held the position at the Hamburg-headquartered company since 2005 and has been with Beiersdorf since 1979.
The cosmetics giant had faltered somewhat during the second quarter, with company profit after taxes dropping 40 percent to 89 million euros, or $121.2 million at average exchange for the period. But, as part of a growth strategy, Beiersdorf has extended efforts in Asia this summer, adding an executive board member for the region, doubling cosmetics production in Thailand and opening a new Nivea factory in Shanghai to make products specifically designed for the Asian market.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)