Givaudan Expands Perfumery School PARIS — Vernier, Switzerland-based Givaudan has expanded its 60-year-old perfumery school, called the Ecole de Parfumerie.
Based in the firm's Argenteuil, France, offices, the facility now spreads over 5,380 square feet, compared with the previous 2,150-square-foot space.
Givaudan chief executive officer Gilles Andrier, who succeeded Juerg Witmer in the post in April, claims the firm is the only fragrance supplier with its own school.
One in three of the world's perfumers have been trained on the campus, according to Givaudan, including grands nez (great nose) Jacques Polge of Chanel and Pierre Bourdon of Fragrance Resources.
Givaudan's school annually admits two or three students from a pool of more than 200 applicants. The three-year training program includes memorizing more than 1,200 olfactive ingredients. And, at the end of the course, students create a men's and a women's fragrance, and are trained how to market those scents to prospective brands.
Graduates then either join Givaudan's 5,000-strong workforce, which comprises 70 perfumers, or go on to become perfumers elsewhere. In addition to training future noses, the perfumery school offers workshops for its clients.
Givaudan also opened a training center in New York early this year. Jean Guichard, director of the company's French perfumery school, regularly visits the New York center to provide similar workshops there. — Ellen Groves
Beiersdorf Earnings Rise BERLIN — Beiersdorf had another strong quarter.
Operating earnings for the Hamburg, Germany-based group's branded consumer division rose 11.9 percent for the third quarter to 113 million euros, or $135.4 million at average exchange rates. Sales for the division rose 5.5 percent to 964 million euros, or $1.16 billion, for the quarter ended Sept. 30.
The branded consumer division includes the skin care brands Nivea, Eucerin, La Prairie, Juvena, Marlies Möller, Labello, Florena and others, as well as bandages under the Hansaplast, Curad, Curitas and Elastoplast names.
Third-quarter net profit for the group, which also includes the Tesa adhesives division, rose to 87 million euros, or $104.3 million, up from 79 million euros, or $94.7 million, in the same period last year.Beiersdorf is looking to close the year at record levels. For 2005, the group is projecting sales of the consumer division to exceed 4 billion euros, or $4.7 billion at current exchange, for the first time. This would represent a sales increase of about 4 percent.
Earnings before interest and taxes for the group also is expected to reach a new watermark of over 500 million euros, or $588.5 million, for the first time, with the EBIT margin increasing to about 11 percent, up from 10.6 percent last year.
Return on sales after tax is forecast at around 7 percent, up from 6.6 percent. However, group sales, adjusted for currency effects, are now expected to grow between 3.5 and 4 percent. The previous forecast called for currency adjusted sales growth of 4.5 percent.
Regarding the lower forecast, a company spokesman said, "The markets are very stagnant, and we want to maintain our margins rather than just generate turnover. We earned more than planned, and as a company, we prefer to be cautious." — Melissa Drier
Levy Named Global Sephora Head PARIS — Jacques Levy has been appointed president of Sephora Worldwide. He replaces Pierre Letzelter, who has retired but remains an adviser to Bernard Arnault, chief of LVMH Moët Hennessy Louis Vuitton, which owns the Sephora perfumery chain. Since 2003, Levy has held the position of president of Sephora Europe, a job in which he also oversaw the perfumery chain's operations in Asia.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)