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.
London’s newly opened @designmuseum will look back on the life and work of Azzedine Alaïa in a show that the designer helped to curate before he died of heart failure last month. The retrospective, which Alaïa had worked on with Mark Wilson, chief curator of the @groningermuseum, will look at the impact of his work worldwide. The show, “Azzedine Alaïa: The Couturier,” will run from May 10 to October 7. Read more about the exhibit on WWD.com #wwdnews #wwdfashion (📷: @zefashioninsider)
@Pharrell and his wife Helen Lasichanh were among the stars that came out to celebrate @rimowa’s first pop-up concept shop. The space, which is located on Rodeo Drive in Beverly Hills, draws inspiration from airport luggage carousels and lounge areas – and features the company’s luggage and accessories. If the pop-up is successful it could pave the way for addition temporary shops throughout the world. #wwdfashion (📷: Owen Kolasinski/BFA)
@carineroitfeld celebrated @crfashionbook’s first calendar last night with a dinner party at Spring Place in Manhattan. Photographed by @stevenkleinstudio, the calendar takes on a fitness theme and features @joansmalls, @gigihadid, @danielle_herrington_ – pictured here – and more. “[Carine Roitfeld] wanted me to feel sexy and she wanted me to be myself and feel it out on my own and do what I felt was right,” said Herrington, aka Miss October. #wwdeye
@saintrecords and @virgilabloh last night at @americanexpress’ “A Night With Success Makers” event. “I always bring it back to community because without that I wouldn’t have the courage,” said Knowles when asked how she has gotten where she is now. Read more highlights from their conversation on WWD.com. #wwdeye (📷: @lizdoupnik)
This Just In: Industry sources have told WWD that Anastasia Soare is rumored to be considering selling her beauty business, @anastasiabeverlyhills. According to those sources, Soare has tapped investment bank Imperial Capital to explore sale options for her eponymous beauty brand –– and with at least $340 million in net sales, this would be a big deal. Put in context of other recent transactions for makeup companies, Soare’s price tag could be in the billions if she were to sell the whole thing. #wwdnews #wwdbeauty (📷: @clint_spaulding)
@assouline’s latest book, “The Spirit of Bentley: Be Extraordinary” captures the adventurous attitudes and opulent lifestyles of @bentleymotors’ most creative owners and enthusiasts throughout the U.K. The 292-page hardcover has a section dedicated to showing its team of skilled artisans and photos of its most colorful owners, from George Bamford to designer @alicetemperley, pictured here by Aline Coquelle. #wwdeye
@google released its report on the most popular search terms this year. For fashion brands, the list was led by @gucci, the luxury brand that stunned the market last October when it pledged to stop using fur. Runner ups were @supremenewyork and @fashionnova, along with more established brands like @louisvuitton, @chanelofficial and @ysl. #wwdfashion (📷: @aitorrosasphoto)
In yet another fashion show shuffle, @elleryland is moving its show in sync with the Paris couture calendar — though the brand is still keeping one foot on the city’s ready-to-wear schedule. Their runway show in January will coincide with the launch of a new strategy: designing two main collections each year instead of four, which will then be released in four drops. “As we all know, the system needs to change. We need to show sooner to give time back to artisans and designers to do what they do best — create,” said founder Kym Ellery. #wwdnews #wwdfashion (📷: @kukukuba)
@maxmara’s classic 101801 coat was the cornerstone of its pre-fall 2018 collection. The design team expanded the traditional double-breasted, kimono-sleeved style into a trapeze coat, lean belted styles and a peacoat and presented them in monochromatic looks – like the camel one pictured here. #wwdfashion #prefall18 (📷: George Chinsee)