ALLOU IN DISTRESS: Allou Healthcare Inc. has consented to an involuntary bankruptcy court petition filed against the firm by three lenders in a Brooklyn federal bankruptcy court, and said it has hired Richard A. Sebastiao as chief restructuring...
ALLOU IN DISTRESS: Allou Healthcare Inc. has consented to an involuntary bankruptcy court petition filed against the firm by three lenders in a Brooklyn federal bankruptcy court, and said it has hired Richard A. Sebastiao as chief restructuring officer. The lenders — Congress Financial, Citibank and LaSalle Business Credit — forced Allou into bankruptcy court after discovering that the distribution firm’s assets and inventory were insufficient to satisfy their claims, which total at least $67.7 million. Allou saw more than $80 million in inventory destroyed in a warehouse fire. The firm is not implicated in the fire and it is suing some of its insurers, seeking more than $100 million.
CALLING ALL ENTRIES: The Independent Cosmetic Manufacturers and Distributors Association is soliciting entries for its eighth annual Cosmetic Entrepreneur Awards for Leadership. Awards will be presented to manufacturers, distributors and suppliers of componentry and/or services to the cosmetics industry during ICMAD’s 30th annual meeting and dinner on June 5 in New York. The entry deadline is April 21 and forms can be obtained at icmad.org or by calling (800) 334-2623.
DOLLARS OFF: Despite what retailers call a brisk start, buyers said L'Oréal plans to cut pricing on its Body Expertise body care collection by $1 to $2. The soothing green products, merchandised on a floor display in most doors, have already been heavily promoted with
$1 coupons on the displays and money off coupons in major women’s magazines. The six items, already sold in Europe, represent L'Oréal’s entry into the budding home-spa market in the U.S. Selling out rapidly is Exfotonic, a exfoliator priced at $14.99.
FLOWER POWER: Susan Curtis, a homeopath and a director at Neal’s Yard Natural Remedies, is hoping no one will ever have to read her new book "Surviving With Natural Remedies" (Winter Press). The book, released late last month in the U.K., describes natural remedies for the diseases and emergency situations that have been dominating headlines for 18 months, including anthrax, smallpox, radiation and post-traumatic stress disorder.
DERM BOOK: Dermatologists Katie Rodan and Kathy Fields, who launched the Rodan & Fields treatment brand a year ago, have completed a book called "Unblemished" (Atria), which is slated to bow next spring. But that’s not the only news on the doctor duo’s skin care marketing front. Rodan & Fields launched in Nordstrom in San Francisco on Thursday and is simultaneously conducting what it calls "Radiant Results: Clinic-in-the-Round," an in-store event. Rodan & Fields also is carried in the Studio at Fred Segal, Bergdorf Goodman and Nordstrom in Las Vegas.
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