PARIS — Douglas Holding AG is on a roll.The German perfumery operator has agreed to buy Limoni and La Gardenia, Italy’s two biggest selective beauty chains in terms of door count with around 500 stores between them, just two months after the March announcement that it would acquire Spain’s Bodybell, that market’s largest player.“The strategy I have put in place for the company was to be either number one or a very strong number two in every country we serve,” said Isabelle Parize, who took over as Douglas’ chief executive officer last year. “These acquisitions, if they materialize, are exactly fulfilling this objective.”Douglas has signed an agreement to buy Leading Luxury Group (LLG), the parent company for Limoni and La Gardenia, from a group of investors led by private equity firm Orlando Italy Management. The acquisition is subject to approval from competition authorities.Terms of the deal, which should go through by the fall, were not disclosed. Douglas said it was considering an incremental term loan to fund part of the acquisition.If both transactions are completed, Douglas will increase its store footprint in Europe by more than 40 percent to reach 2,400.The retailer currently has 1,700 perfumeries in 19 markets, and claims market-leading positions in Germany, Poland and the Netherlands and number-two status in France since its acquisition of Nocibé in 2014.Parize said the retailer has yet to decide whether it will rebrand the Italian doors.“We always look, vis-à-vis the customer, but also from the company point of view, at what makes the most sense. It’s a balance of the two that will guide us. We need to do our homework and decide,” she told WWD.E-commerce, still underdeveloped for beauty in southern Europe, will be a key pillar in the company’s expansion, she said. Limoni recently introduced online sales for the first time.“We are one of the strongest omnichannel perfumery retailers, and we really expect to benefit from our two new companies in Italy and Spain to develop this omnichannel business further,” she explained.Online accounted for 12 percent of Douglas’ business in its financial year ended Sept. 30, up from 10 percent a year earlier.Its total sales for the period increased 3.9 percent to 2.71 billion euros, or $3.01 billion at average exchange.Douglas’ private-label products, with which it has been making a strong push in other markets in recent years, will also play an integral part of its expansion in Italy, the company stated.Parize said she expects sales in Italy’s prestige market to grow by around 1 percent a year over the next three years.Sales in Italian perfumeries grew 0.9 percent to 2.02 billion euros, or $2.24 billion at average exchange for the period, in 2016, according to data from industry association Cosmetica Italia.In 2014, the most recent data available, Limoni and La Gardenia combined accounted for about 22 percent of cosmetics sales in Italy and a 50 percent share of the perfumery retail market.
Luxury handbag resale company @rebagofficial is planning to sell a rare collectible for $70,000: the @hermes White Crocodile Himalayan Birkin. The exclusive Birkin sold for about $100,000 in 2008, when @davidbeckham bought one for his wife @victoriabeckham to add to her collection. Read more about the rare Birkin on WWD.com #wwdaccessories
With her costume pearl necklace and what-you-see-is-what-you-get style, Barbara Bush, who died Tuesday at age 92, was a straight-shooter from start to finish.
Born Barbara Pierce in New York City, Bush served as the 37th first lady, as well as the country’s second lady from 1981 to 1989. In addition to being part of the longest presidential marriage — 73 years — Bush also had the unlikely distinction of having one son, George W., become the 43rd president and another son, Jeb, run unsuccessfully in 2016. Having served as second lady during the Reagan administration’s two terms and lived all over the world during her own husband’s ascending political career, Barbara Bush made it clear that literacy — not fashion — was her priority. Read more from Rosemary Feitelberg’s obituary on the late First Lady in WWD.com, link in bio. #barbarabush #wwdnews
Western and ’90s trends have influenced denim for fall 2018. Think raw, dark and coated jeans mixed with bold prints and tough leather. #trendtuesdays #wwdfashion (Styled by @thealexbadia;📷: @ryanplett)
@denimdaysfestival, which initially launched in Amsterdam in 2014 and has since expanded to New York, is heading to Nashville for the very first time. The two-day festival, which will take place in November, will feature brand activations, hands-on workshops by artisans and denim mills, a vintage market, live entertainment, and local food and drinks. Get all the details on WWD.com. #wwdnews #wwdfashion
Later this month, the popular “Diana: Her Fashion Story” exhibit will be reopening. @historicroyalpalaces, the charity that manages @kensingtonroyal, has been working towards adding new, never-before-seen garments to the exhibit, including this dress created by Gianni Versace for a fund-raising dinner at the Museum of Natural History in Chicago. The exhibit will reopen on April 26 at Kensington Palace @wwdfashion
“Our family has always been engaged and interested in the world around us. [My brothers and I] were always encouraged to have our own opinion at a young age, which is not always something a child is asked — especially to have an opinion with reasoning behind it,” said @yarashahidi on becoming an activist. We caught up with the 18 year old last week, where she talked about her road to acting, how “Black-ish” led her to start conversations about identity and more. Head to WWD.com to read what she had to say #wwdeye (📷: @chelsealaurenla)