NEW CHAIR: Renaissance Cosmetics’ board of directors has elected a chairman, its latest move to keep business on track after the unexpected death in May of its founder, Thomas Bonoma.
Terry Theodore, the new chairman, has been on the board since Renaissance’s inception in 1994 and, according to a company spokesman, was involved in all its acquisitions.
Theodore’s election probably will be viewed positively by the industry, which has speculated whether the company could maintain the strong position that Bonoma helped create by acquiring and reviving brands such as English Leather and Nat Robbins. The chairman’s position had been empty since Bonoma’s death; Norbert Becker had been quickly named chief executive officer and elected to the board.
BALANCE SHEET: Del Laboratories, which markets Sally Hansen nail care and Naturistics cosmetics and bath products, reported a strong third quarter, with gains of 42.7 percent in earnings and 14.1 percent in sales.
The company, based in Farmingdale, N.Y., earned $3.7 million for the quarter ended Sept. 30, and sales increased to $68.9 million from $60.4 million.
PINK RIBBONS: The Breast Cancer Research Foundation held its second annual symposium and awards luncheon at the Plaza Hotel on Wednesday and drew 400 people. The event was hosted by the foundation’s founder and president Evelyn Lauder, and the first lady of New York, Libby Pataki.
At the luncheon, the foundation awarded $1.6 million in grants to 12 prominent breast cancer researchers from around the country.
Tommy Hilfiger and singer Sheryl Crow presented the foundation with a check for $75,000, representing proceeds from the sale of Hilfiger-designed T-shirts that are sold at Crow’s U.S. concerts.
EXPLODING SCENT: The Ralph Lauren Fragrances Division of Cosmair Inc. unveiled its new Extreme Polo Sport scent with a bang worthy of a product inspired by extreme sports. As beauty editors stood in a large room on the eighth floor of a building at 15th Street near the Hudson River in New York, an up-tempo video was projected against an outer wall. Just as the images built to a crescendo, the wall gave way in a great cloud of dust. Sport climbers, swinging from ropes hung on the outside of the building, pushed through the crumbling wall and landed inside amid the startled onlookers.