The Estée Lauder Cos. Inc. has expanded the responsibilities of two of its top executives, Jane Hudis, president of BeautyBank, and Dominique Nils Conseil, president of Aveda.
Hudis will take on the additional responsibilities of overseeing the Origins brand, which has been an innovator in natural, organics-based marketing. She has been with the BeautyBank think tank since its founding in 2003 and last December added the oversight of Ojon, a natural hair care and skin care brand.
With the addition of Origins, she will continue to report to Dan Brestle, vice chairman and president of the Estée Lauder Cos., North America. As reported previously, Jane Lauder will become senior vice president and general manager of Origins, reporting to Hudis.
"Jane [Hudis] has exhibited superb leadership skills, as well as brand-building strength and marketing expertise," said William P. Lauder, Lauder chief executive officer. "With the extraordinary growth of BeautyBank, the company's entrepreneurial division, Jane has also demonstrated her ability to transform the beauty landscape, by creating visionary new brands and seeking out nontraditional distribution to reach the consumer where she is shopping now."
Conseil, president of Aveda, will be in charge of the European pharmacy channel business in addition to running Aveda. This will include oversight of the French botanical beauty company Laboratoires Darphin. Nicolas Maincent, president of Darphin, and its general manager, Beth A. Dinardo, will report to Conseil. He, in turn, will report to Fabrizio Freda, Lauder's president and chief operating officer.
Lauder praised Conseil for his leadership role "through a period of sustained global growth and [he] has helped achieve successful diversification in salon spa distribution, a large alternative channel for our company. He has the skills and vision to oversee the expansion in European pharmacies, an alternative distribution for us and one of the fastest growing channels for skin care products today."
— Pete Born
Former Body Shop Tech Fined for Insider Trading
LONDON — The U.K.'s Financial Services Authority announced Tuesday it has fined a former Body Shop IT technician 85,000 pounds, or $169,505 at current exchange, for market abuse after he was found to have used information garnered from the beauty retailer's senior executives' e-mails to make a profit on the stock exchange.After accessing e-mails, which detailed The Body Shop's Christmas trading results and a draft of an announcement regarding the underperformance of the company, John Shevlin was found to have used a "contract for difference" to trade shares in the knowledge the firm's stock price would likely fall once the information was made public, according to the FSA. Shevlin borrowed 29,000 pounds, or $57,832, to set up the transaction, which was more than his annual salary, and made a profit of 38,472 pounds, or $76,709, on the deal.
"Mr. Shevlin deliberately set out to obtain highly sensitive and valuable information to which he was not entitled," stated Margaret Cole, the FSA's director of enforcement. "He abused the trust placed in him by his employers and misused his technical skills to gain a financial advantage over other market users. Firms must take steps to protect market-sensitive information. Where individuals circumvent these protections they should expect to face significant financial or other sanctions, whether or not they are approved by the FSA."
— Brid Costello
Arden Responds to De La Renta Lawsuit
Elizabeth Arden Inc. late Tuesday issued its first response to the lawsuit filed against it by Oscar de la Renta Ltd. last week, calling the complaint "without merit."
Oscar de la Renta on June 27 claimed that Arden's repackaging of 4-ml. fragrance samples for Wal-Mart stores constituted trademark infringement and false designation of origin.
On Tuesday, Oscar Marina, executive vice president and general counsel of Elizabeth Arden, said that Oscar de la Renta fragrances, including those of the size mentioned in the complaint, "have been sold for many years directly to Elizabeth Arden for resale to mass retailers in the United States by YSL Beauté Inc., Oscar de la Renta's fragrance licensee and registered owner of the trademarks at issue."
Marina said that his firm and YSL confirmed that the products were sold directly to Elizabeth Arden by YSL in January and that any disputes about the relationship would be addressed by YSL, whose acquisition by L'Oréal was completed this week.
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