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
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews