Avon Taps New Executive VP NEW YORK — Avon Products has recruited former Gillette executive Charles Cramb to the newly created post of executive vice president of finance and technology and chief financial officer.
Avon veteran Robert J. Corti, executive vice president and cfo, will retire after 30 years with the company.
Corti will remain at the company through the first quarter of 2006 in a "nonfinance-related capacity" to assist in the transition. In his new role, which takes effect Nov. 1, Cramb will report to Andrea Jung, Avon's chairman and chief executive officer. In a statement, Jung noted that the company decided to merge finance and technology under one umbrella because of the strategic links of these functions and in light of Crumb's experience in these areas.
Prior to his Avon appointment, Cramb served as senior vice president of finance and cfo for Gillette, where he spent 35 years working in various roles, such as vice president of finance and strategic planning, North Atlantic Group, and vice president and corporate controller. He was named to his most recent Gillette post in 1997.
In addition to his various financial positions, he headed Gillette's information technology division and most recently chaired the company's IT Advisory Council.
Corti was named Avon's executive vice president and cfo in 1998. Jung credited him with being "instrumental in helping the company adapt to sweeping changes in the regulatory environment." She added that, under his leadership, "the company has maintained an exceptionally strong balance sheet and generated record levels of cash flow."
NPD Signs Deal With TNS Infratest NEW YORK — The NPD Group, which monitors consumer purchasing patterns, said Wednesday it has signed a nonbinding letter of intent to acquire the Italian perfumery tracking business of TNS Infratest, an Italian subsidiary of international market information provider Taylor Nelson Sofres. A definitive agreement is expected to be hammered out later this month.
In a separate development, TNS's French subsidiary, Secodip TNS, said it will cease tracking selective-distribution beauty sales in France by the end of the year. According to a source at the company, it will honor current contracts with clients to the end of the year, and will deliver final research reports in early 2006.TNS Secodip tracks sales in selective perfumeries in France, providing a range of data, including brand and market share rankings.
NPD, based in Port Washington, N.Y., has been expanding its beauty tracking service overseas. It already operates in France and the firm intends to expand elsewhere in Europe beyond Italy.
"This is an exciting step forward and paves the way for future expansion of our Selective Beauty business in Europe and Asia," stated Andy Tarshis, president of NPD Europe. "We're committed to growing our business and moving into new markets in order to provide the industry with a more global resource to meet its evolving needs for information and insights."
"Beauty tracking is a core business for NPD," added Martine Ringwald, director, NPD Beauty Europe.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)