PARIS — In the wake of “robust” third-quarter sales, L’Oréal reiterated it is on track to meet its full-year objectives — namely, earnings-per-share growth of more than 10 percent and a sales gain of 5 to 6 percent.
The French beauty giant announced Monday that its revenues for the third quarter ended Sept. 30 rose 7.1 percent to 3.6 billion euros, or $4.3 billion at average exchange rates, year-on-year.
Currency fluctuations in the quarter impacted L’Oréal’s sales positively by 1.7 percent.
For the first nine months of this year, the company’s revenues rose 4.7 percent to 10.75 billion euros, or $13.75 billion. Largely due to L’Oréal’s acquisition of Skinceuticals, the net impact of changes in consolidation amounted to plus 0.3 percent.
“As we expected, our rate of sales growth has continued to improve,” stated Lindsay Owen-Jones, L’Oréal’s chairman and chief executive officer. “Western Europe is gradually moving forward again. Strong growth continues in North America and the other regions of the world. The strengthening of the main currencies against the euro has led to a clearly positive exchange rate impact in the third quarter, for the first time in several years. In view of all these factors, we can confirm our sales and earnings targets for the full year 2005.”
Meanwhile, L’Oréal-owned Lancôme International has appointed Eric Stievenard international merchandising and purchasing director, succeeding Alexandra Kurssenbrock, who left the firm.
Stievenard joins Lancôme from Coty Inc.’s Lancaster Group Worldwide, where he was vice president of international merchandising. Before that, Stievenard was the international merchandising director at Parfums Christian Dior, where he worked for 10 years. His career began at the Estée Lauder Cos. in 1988. — With contributions from Ellen Groves
St. Tropez Denies Sale Report
LONDON — A spokeswoman for St. Tropez in the U.S. said there was “no truth” to a press report here that the Santa Clarita, California-based self-tanning brand is up for sale for more than 60 million pounds, or $106 million at current exchange.
The LDC private equity division of Lloyds TSB and Phoenix Equity Partners are said to be bidding for St. Tropez. A spokesman for LDC said he could neither confirm nor deny the information, while a spokeswoman for Phoenix declined comment.A U.K.-based spokeswoman for St. Tropez wouldn’t comment on the rumor, saying only: “The business is set for a fantastic future with geographic expansion on both mainland Europe, and the U.S. progressing nicely. We are always keen to understand and evaluate the opportunities for the brand and are 100 percent committed to St. Tropez becoming a truly global brand.” — Brid Costello, with contributions from Matthew W. Evans, New YorkNPD Taps Global Beauty President
PARIS — Tracking firm NPD Group has appointed Claude Charbit president of its global beauty business, a newly created position.
Charbit had been an adviser to NPD since July 2003 and led the company’s negotiations with Taylor Nelson Sofres for the sale of TNS’s Italian subsidiary, TNS Infratest. This coincided with the separate decision made by TNS Secodip to exit the beauty tracking business in France.
Andy Tarshis, president of NPD Europe, stated that Charbit’s experience will be invaluable to the firm’s plans to continue growing “our beauty business, [and] leveraging our current position as market leader in France and Italy for continued growth in Europe and beyond.” — E.G
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty