IN THE PINK: Harrods is about to blush – and it’s all because of Estée Lauder. Starting Oct. 1, the Knightsbridge store’s facade will be bathed in pink light for one week to celebrate Breast Cancer Awareness Month. Estée...
IN THE PINK: Harrods is about to blush – and it’s all because of Estée Lauder. Starting Oct. 1, the Knightsbridge store’s facade will be bathed in pink light for one week to celebrate Breast Cancer Awareness Month. Estée Lauder, which is celebrating its 40th anniversary with Harrods, is paying for the 25,000 lightbulbs and, of course, for the pink cake at a party to mark the anniversary and the month. Leonard Lauder and Elizabeth Hurley are expected to attend the event. On Oct. 1, Estée Lauder will also come out with a limited-edition compact — in the shape of the Harrods building, decorated with faux diamonds and emeralds. The compact, which will contain Beautiful in a solid fragrance form, will sell for approximately $525.
ON THE BLOCK: Reports are circulating in the market that Unilever has begun seriously offering Calvin Klein Cosmetics, for sale, in addition to its other fragrance businesses, including Vera Wang, Nautica, BCBG Max Azria, Karl Lagerfeld, Valentino, Nino Cerruti and Chloé. Among those rumored to have been approached include Wella and Coty, with proposals to buy all the properties. Reportedly with the help of Morgan Stanley, Unilever is in the process of offering Klein alone to Estée Lauder, L’Oréal and Procter & Gamble. Sources estimate that all the fragrances business combined do a total volume of roughly $855 million with Klein doing three quarters of that total. The properties reportedly will be auctioned off, so there has been no mention of an asking price. But sources estimate that Unilever expects a total price in excess of $1 billion. All of the above companies either could not be reached or declined comment.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)