After 12 years at Procter & Gamble Co., Donald J. Loftus will retire on April 1 and he will be succeeded by Dennis Curran as president and chief executive officer of P&G Prestige, North America.
Loftus, 58, has amassed a career spanning 37 years, beginning in Cleveland in 1976, as a retailer with Halle’s and May Co., where he rose to divisional vice president of cosmetics and accessories. That led to a 12-year chapter in brand building. He gingerly stepped through a series of sales, marketing and top management jobs, including Yves Saint Laurent Beauté, a brief spell at the U.S. affiliate of Versace Profumi, then president and ceo of the U.S. affiliate of Sanofi Beauté and a similar position of leadership in 2001 at Escada Beauté Ltd., which was acquired by Wella and later reorganized into Cosmopolitan Cosmetics. Loftus was the president and ceo of Cosmopolitan’s U.S. unit, when the parent Wella was acquired by P&G in 2003.
Loftus then was named to his current post of the newly formed North American affiliate of P&G’s prestige business. He recalled on Wednesday that the division was loaded with 18 brands and 300 fragrances. Those 18 were winnowed down to five — Dolce & Gabbana fragrances, Gucci, Lacoste, Escada and Hugo Boss. To this fragrance assortment was added Fekkai, SK-II, Dolce & Gabbana cosmetics and The Art of Shaving.
“Our goal [as a company] is to become one of the most important cosmetics companies in the world,” Loftus said. “My goal was get us established and be a leader in the U.S. cosmetics industry.”
Noting that his career has been divided into three chapters, Loftus said that whatever he does next, he hopes it will draw upon his retail background, his brand-building experience and his love of theater. In his spare time, he writes plays.
Curran has been with P&G for 26 years, holding a succession of sales and marketing posts in the U.S. and abroad. He has worked with beauty brands such as Olay, Cover Girl, Pantene, Old Spice and Secret. Before joining the prestige division, Curran led P&G’s business at CVS, one of company’s most strategic partners.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion