PARIS — The Courtin-Clarins family repeated Wednesday its unwillingness to cede control of Groupe Clarins and it has been approached by various cosmetics companies.
"Following persistent rumors concerning Clarins' stock, we should like to reiterate that the Courtin-Clarins family, the group's majority shareholder, is not considering handing over control of the company," Christian Courtin-Clarins, the firm's president and chief executive officer, said in a statement. (The Courtin-Clarins clan boasts 65.1 percent of the beauty company's capital and 78.6 percent of its voting rights.)
"Having established this, it is a fact that numerous contacts have been made with several players of the cosmetics industry in relation to the external growth policy that Clarins has never made a mystery of," he added. "To this date there exists no element of a nature to be made public."
Courtin-Clarins' words come as a mantra. As recently as last week, he was reported as explaining, "All of the groups are interested in Clarins; they have all made propositions, but liberty does not have a price. We remain our own masters."
Yet nowhere in the statement Wednesday does Courtin-Clarins respond directly to widespread reports that Clarins could have entered into exclusive negotiations with PPR. According to these speculative reports, PPR could offer its beauty division, YSL Beauté, to Clarins in return for up to a 30 percent stake in the company — and even a right of first refusal if the company is eventually sold.
Clarins executives could not be reached for further comment, as they are in Macau, China, on business. A PPR spokeswoman would not comment on any speculation.
Clarins' stock price closed down 1.52 percent to a unit price of 58 euros, or $85.69 at current exchange, on the Paris Bourse Wednesday. PPR's stock price rose 2.4 percent to 113.29 euros, or $167.37.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast