The Body Shop to Open Moscow Unit
LONDON — The Body Shop is bound for Russia.
The U.K. beauty retailer said Friday it will open its first door in Russia, in Moscow, this December with its franchisee there, the Alshaya Group. Seven other stores are planned for next year in Moscow, St. Petersburg and other Russian cities.
The first Moscow boutique, measuring about 970 square feet, will be located in Mega Mall 2, the city’s largest shopping center, and is to feature the chain’s new store format, which has been tested in London, Paris, New York and Hong Kong this year.
“The new look is lighter and more modern than ever before, with displays that are simple and clear, bright and open,” the retailer stated.
“Russia is an exciting opportunity for The Body Shop,” said Alastair Kerr, regional director of the company for Europe, the Middle East and Africa, in the statement. “We believe our unique combination of naturally inspired products and commitment to values will prove compelling for Russian consumers, while our newly branded shop look will create a fresh and inspiring shopping environment.”
The Body Shop also is planning to take its home-shopping concept, “The Body Shop at Home,” to Russia in the future.
Alshaya Group already runs The Body Shop business in Bahrain, Lebanon, Kuwait, Qatar, Jordan, Turkey and Cyprus.
— Brid Costello
Givaudan Sales Rise in Period
PARIS — Swiss fragrance and flavors company Givaudan registered sales of 2.09 billion Swiss francs, or $1.72 billion at average exchange rates, up 1.6 percent in local currencies and 1 percent in Swiss francs, for the first nine months of this year.
Givaudan’s fragrance division posted sales of 850.9 million Swiss francs, or $702.9 million, in the period, up 3.3 percent in local currencies and 2.8 percent in Swiss francs versus the prior-year period.
The firm stated that its consumer products business had strong sales growth, led by double-digit gains in North America. However, Givaudan’s fine fragrances business continued to perform below last year’s level. That’s despite the division’s sales growth in all regions in the third quarter as well as launches, particularly in the U.S.
Givaudan said declining sales of its commodity ingredients were not fully compensated by the double-digit growth of its specialty ingredients, leading to an overall decline of its fragrance ingredients business. This, the company said, was in line with its strategy to rebalance its ingredients portfolio. Givaudan said it remains confident it will achieve its overall sales target of 2 to 3 percent growth for 2005.
Strong Holiday Boosts Douglas
BERLIN — Douglas Perfumeries’ sales increased 3 percent in the first five months of fiscal 2004-2005, the Douglas Group said Wednesday at its annual shareholders meeting.
Aided by a “good Christmas business,” the Douglas Group achieved group sales of 1.1 billion euros, or $1.41 billion at average exchange, a gain of 4 percent for the five-month period ended Feb. 28. On a same-space basis, group sales rose 1.2 percent.
Chairman Hennig Kreke said the group plans sales growth of 4 to 6 percent for the coming year on the basis of its existing portfolio. Profits from ordinary business activities are expected to hit 114 million euros, or $138.1 million at current exchange, to 116 million euros, or $140.5 million, up from 110 million euros, or $127.7 million at average exchange, in fiscal 2003-2004.
The group, which comprises perfumery, book, jewelry, apparel and confiserie retail operations, has about 120 million euros, or $145.4 million at current exchange, at its disposal for investments this year. Kreke added, “We’d like to invest even more, [and are] also in the position at all times to further expand via acquisitions.” Douglas is said to be eyeing the French perfumery chain Nocibe.
— Melissa Drier