JUDGMENT DAY: Wella AG is expected to comment on whether it accepts Procter & Gamble’s increased public offer for its 78 percent of voting rights today. Last week, P&G raised its offer for Wella’s preferred shares by $3.85 to $71.50. In...
JUDGMENT DAY: Wella AG is expected to comment on whether it accepts Procter & Gamble’s increased public offer for its 78 percent of voting rights today. Last week, P&G raised its offer for Wella’s preferred shares by $3.85 to $71.50. In March, P&G signed an agreement to purchase 77.6 percent of the voting stock in Wella from its founding family majority shareholders at a cash price of $109.18 per share. At that time, P&G said it would make a tender offer of $67.65 for the preferred shares, a markup of only 0.25 percent. P&G upped its bid in a move that looked to garner support from Wella’s board.
A LEAGUE OF HER OWN: The stylings of celebrity hairdresser Sally Hershberger will soon be available in a new Manhattan salon under her own name. Located in the trendy Meatpacking district between the Alexander McQueen and Stella McCartney boutiques, the second-floor space is currently under construction and measures 1,800 square feet. A soft opening this summer will be held for select VIPs; an official launch is scheduled for fall. The salon will serve as a place where “Hershberger can develop new looks and work on her clientele,” according to publicist Brooke Wall. The New York location is Hershberger’s second outpost — the Sally Hershberger for John Frieda salon opened three years ago in L.A. Much like the L.A. salon, which features palm trees and is designed around a pool, the Manhattan space will be conducive to the trendy neighborhood’s rough-around-the-edges environment. Industrial minimalist is the architectural theme, with flat-screen TVs and concrete countertops accenting the raw space. In addition to sharing her time between the L.A. and N.Y. salons and serving as one of the industry’s most sought-after editorial hairstylists, Hershberger remains very active in the development of mass hair care products under the John Frieda brand. Hershberger was instrumental in developing the company’s Sheer Blonde and Beach Blonde hair care lines.
POLISHING UP: Ji Baek, owner of Manhattan’s three Rescue Nail salons, is launching a line of nail polishes, as well as a three-item treatment line. The color line features 28 shades, which Baek described as the most “classic and neutral nail colors for our clients.” Sheer White, Opaque Pink and Moulin Rouge are some of the basic shades offered, and then there’s Chinoisse, an orange/red shade Baek said was inspired by one of her favorite designers, Alexander McQueen. The treatment system includes a prep, base and top coats, which are designed to prolong nail polish life. In addition to selling the new items in her salons, the new wares are now available in Barneys New York and will retail for $18 per nail polish and $45 for the treatment system.EBAY MOTHER’S DAY: Jergens is auctioning off autographed photographs of celebrities pictured along with their mothers or daughters as part of a Mother’s Day charity promotion happening this week on eBay. Proceeds from the sale of prints of the likes of Joan and Melissa Rivers; Britney Spears and her mom, and Jamie-Lynn Sigler and her mom will be donated to the Starbright Foundation. The auction, held at eBay.com/Jergens is scheduled to end Sunday.
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye