PARIS — French beauty giant L'Oréal reported Wednesday that sales for first-quarter 2006 rose 11.3 percent to 3.94 billion euros, or $4.72 billion at average exchange rates.
On a like-for-like basis, they increased 6 percent in the period ended March 31. The company said the net impact of changes in consolidation, primarily including the acquisitions of SkinCeuticals and Delial last summer, added 0.5 percent to the company's sales, and that currency fluctuations impacted business positively by 4.8 percent.
L'Oréal confirmed a rebound in Western Europe, where sales rose 4.5 percent to 1.85 billion euros, or $2.22 billion. In North America, they spiked 13.5 percent to 1.01 billion euros, or $1.22 billion, and in the rest of the world — including Asia, Latin America and Eastern Europe — business clocked an uptick of 23.2 percent to 1.01 billion euros, or $1.22 billion.
L'Oréal's sales of professional products rose 4.8 percent to 522.9 million euros, or $627 million. Its consumer products business increased 10.7 percent to 2.06 billion euros, or $2.47 billion; luxury products posted growth of 13 percent to 903.4 million euros, or $1.08 billion, and active cosmetics registered gains of 19.8 percent to 359.2 million euros, or $430.7 million.
The company's dermatology division reported sales up 15.1 percent to 66.1 million euros, or $79.3 million.
"It is important to emphasize, as we do every year at this time, that the significance of the growth rate for a single quarter is limited," said Lindsay Owen-Jones, L'Oréal's chairman and chief executive officer, in a statement. "Nonetheless, this promising start to the year, and the prospect of positive exchange rate effects, means that we can be confident about the outlook for 2006."
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast