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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"