HENKEL BEAUTY FLAT: The beauty division of Henkel AG & Co. KGaA turned in a flat third quarter in the face of a challenging market. Overall, the company’s net profit was down 58 percent to 101 million euros, or $152.2 million at average exchange. Earnings before interest and taxes for the beauty division, which includes brands like Schwarzkopf, Fa and Dial, were 96 million euros, or $144.6 million, up 4.1 percent over last year after adjusting for foreign exchange. Beauty unit sales were up 3.3 percent, when adjusted for foreign exchange, to 770 million euros, or $1.16 billion for the quarter ended in September. The Düsseldorf-based company, which owns some 750 brands in beauty, laundry, home care and adhesives, forecast above-market-average organic sales growth for cosmetics and toiletries, as well as increased operating profits. However, it lowered its overall full-year forecast and has said publicly it plans to shed up to 50 underperforming brands. Shares of Henkel decreased 7 percent to 21.63 euros, or $27.98 at current exchange, on the Frankfurt Stock Exchange.

This story first appeared in the November 7, 2008 issue of WWD. Subscribe Today.

NO LONGER BARE: As part of Completely Bare’s aggressive rollout plan, the company has opened a new hair removal spa on Bond Street in New York City, bringing its Manhattan spa count to five. According to Completely Bare’s founder, Cindy Barshop, who opened her first location on Madison Avenue 10 years ago, the salon chain has plans to roll out an additional 20 units throughout the U.S. over the next five years. With three treatment rooms, the new location at 25 Bond Street offers treatments such as permanent hair removal, waxes, age eraser and LED light facials and a spray-tan service. Medical director Mitchell Mandel will be on hand to help assist in researching and testing new technologies and treatments.

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B SPOT HUNT: Benefit is kicking off its nationwide scavenger hunt to celebrate the launch of B Spot, the company’s newest fragrance. The hunt, which will be held from Nov. 13 to 15, will hand out 1,000 B Spot magnifying glasses across five Bloomingdale’s locations, including San Francisco, Chicago, Los Angeles and New York. While all customers will receive a B Spot gift when returning the magnifying glass to the Benefit counter, one winner at each Bloomingdale’s store will receive a $200 gift certificate to shop at Bloomingdale’s and a separate $200 Benefit Cosmetics shopping card. Another 15 winners will receive a full-size bottle of the new B Spot scent.

Colorist Tracey Cunningham has left the Neil George Salon to team up with stylist Byron Williams. With the move, the 3,000-square-foot eponymous salon that Williams opened in Beverly Hills about a year ago is being renamed Byron & Tracey. “He already has so many great people who work for him, and I was drawn to the idea of joining forces,” said Cunningham. Cunningham, who is creative color consultant for Redken, worked at Art Luna before amassing a client list at Neil George that boasts Kate Beckinsale, Jennifer Lopez and Molly Sims. Williams, a Privé alum, is responsible for the tresses of many young Hollywood stunners, including Joy Bryant, Lindsay Lohan, Ashley Tisdale and Nicole Richie. Williams and Cunningham are also partnering on a product line expected to launch next year.

Physicians Formula is looking into the real estate market to green things up, one building at a time, with its organic cosmetics. The brand, which launched Organic Wear, a 100 percent Natural Origin EcoCert certified cosmetics line earlier this year, is partnering with eco-friendly condominiums nationwide to spread the word about its green makeup. Packaged in eco-friendly reusable boxes, Organic Wear Welcome Kits have already been handed out to residents of several new green buildings in major cities including The Visionaire in Battery Park City, N.Y., as well as the Macallen Building in Boston.