BOOTS’ DOWNHILL WALK: The sale of the Halfords’ auto parts chain knocked down The Boots Group plc’s net income for the year ended March 31 by 25 percent to $493 million, or 59 cents a diluted share, from $659.5 million, or 75...
BOOTS’ DOWNHILL WALK: The sale of the Halfords’ auto parts chain knocked down The Boots Group plc’s net income for the year ended March 31 by 25 percent to $493 million, or 59 cents a diluted share, from $659.5 million, or 75 cents. The firm incurred a $200 million loss on the divestiture, which garnered $696 million. Sales were essentially flat, declining 0.1 percent to $8.68 billion from $8.69 billion and were up 6 percent, to $8.3 billion, for continuing operations. Dollar figures are converted from the pound at current exchange. Sales growth in beauty and toiletries was 6.8 percent, reflecting a strong performance in cosmetics, where sales were up 11.1 percent. Skin care sales were up 6.2 percent and sun care was up 13.8 percent. The company did not break out sales figures for its product divisions.
LANGHAMMER’S OPTIONS: The Estée Lauder Cos. president and chief executive Fred Langhammer exercised options to purchase 200,000 shares of the firm’s common stock on May 30, according to a Form 4-A filed with the Securities and Exchange Commission. On that same day, he sold 200,000 shares at prices ranging from $33 to $33.34, netting a total of more than $4 million after subtracting for the cost of the shares. The options had been exercisable since January 2000 and were set to expire in November 2005. Langhammer continued to hold 100,050 shares of Lauder’s common stock, as well as options to purchase another 4.1 million at various exercise prices.
CACHAREL CHANGE: Annalisa Loustau-Elia has been named international general manager for L’Oréal’s Cacharel and Guy Laroche beauty brands. Loustau-Elia replaces Cecile Begue-Turon, who left the firm after holding the position since fall 2000. Loustau-Elia was formerly the director of international marketing of baby care at Procter & Gamble’s Pampers brand.
ARDEN BREAK-IN: The Elizabeth Arden New York office was broken into last weekend and 10 to 12 laptops containing company information were stolen. According to a company source, it was discovered that unauthorized people were in the building located at 200 Park Avenue South on Saturday and Sunday. Another source revealed that there was also a robbery in the company’s Geneva office in the last month. A company spokeswoman confirmed the reports, but declined further comment.ROCKIN’ OUT: Slatkin & Co. has introduced a new potpourri under its Elton John candle collection, called — naturally enough — Elton Rocks. Slatkin gives part of the sale proceeds of each Elton John item to the Elton John AIDS Foundation and, to date, the collection has generated $600,000 for the foundation.
LANCOME LIMELIGHT: Once again, Lancôme will serve as the exclusive beauty partner of the Academy of Television Arts and Sciences for the 55th Annual Primetime Emmy Awards. Lancôme will provide ongoing counsel on the latest trends, colors and collections for award-season events. In addition to other involvement, on the night of the awards, Lancôme will provide attendees with one-on-one consultations from trained artists.
“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