The newly public company has recruited beauty veteran Jill Scalamandre to head Philosophy — the cheeky skin-care brand known for products such as Hope in a Jar and Miracle Worker. The Philosophy brand is in need of some divine intervention of its own. Coty acquired Philosophy for $929.7 million in cash in 2011, but a year later took $515 million in impairment charges to adjust the value of the trademark and account for the impact of weaker-than-expected sales and a slower international rollout than anticipated.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)