PARIS — L'Oréal has inked a deal to acquire Turkish hair care company Canan, the French beauty giant announced Thursday.Istanbul-based Canan ranks fourth among mass market hair care brands in Turkey, generating sales of 26 million euros, or $32.6 million at average exchange, last year, mostly through its Ipek hair care brand, according to L'Oréal."The Turkish cosmetics market is expanding strongly and has a very large growth potential," said Patrick Rabain, president of L'Oréal's consumer products division, in a statement. "The acquisition will bolster our positions in hair care products, the largest segment in the market," Rabain continued. "With its commercial dynamism and its extensive presence in retailing channels, Canan will also accelerate the development of the division's other brands."The acquisition comprises Canan Kosmetik, which manufactures Ipek hair, body, skin and baby care products as well as Parmex nail polish remover; Canan Pazarlama, and Seda Plastik, an affiliate company that produces Canan's plastic packaging. Canan will be consolidated when the transaction becomes final following customary governmental review, including antitrust clearance.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim