LVMH ’09 Net Falls 13%, Arnault Seeks to Build On Strong Dec. Volume

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LVMH Moët Hennessy Louis Vuitton said net profits slid 13 percent last year amid a dramatic slowdown in luxury goods, but trumpeted a “record” level of revenues in December as an omen of better times ahead.SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue

Human Resources

Karkus Exits Under Armour

Matthew Mirchin assumes supervision of apparel wholesale unit on an interim basis.

clock February 3, 2010Arnold J. Karr

The new Victoria’s Secret in SoHo.


Stores Finish Fiscal Year With Stronger Sales

Stores reporting comparable-store sales results Thursday generally cited progress compared with last year’s dismal numbers.

clock February 4, 2010Alexandra Steigrad and David Moin

Andrea Jung


Avon’s Prices, Pitches Lift 4th-Qtr. Profits

Avon’s message of “We’re Hiring” helped to grow its base of active representatives by 11 percent and boost profits.

clock February 4, 2010Evan Clark


Retail Stocks Tumble Thursday

Investors drove down retail stocks 2.3 percent yesterday amid a rise in U.S. weekly jobless claims and worries about the economy in Europe.

clock February 4, 2010Evan Clark

Lauren Bush and David Lauren.


Ralph Lauren Supports Haiti

Lauren Bush, Mark Seliger and Dan Abrams attended a cocktail party/shopping excursion to benefit UNICEF’s relief efforts in Haiti.

clock February 4, 2010WWD Staff

Bernard Arnault

Business Features

LVMH Profits Fall, Arnault Optimistic

LVMH Moët Hennessy Louis Vuitton said net profits slid 13 percent last year amid a dramatic slowdown in luxury goods.

clock February 4, 2010Miles Socha and Jennifer Weil and Joelle Diderich



Natural High: PureDKNY Scent Launches Globally

New scent PureDKNY supports women in Uganda.

clock February 5, 2010Julie Naughton

Sally Beauty store


Sally Beauty Profits Jump 62.7% in First Quarter

Earnings for Sally Beauty reach $26.1M in 1st qtr.

clock February 5, 2010Matthew W. Evans

Woody’s Quality Grooming


ISSE Foresees Strong Year Ahead for Salons

Has the silver lining on the salon industry cloud appeared?

clock February 5, 2010Rachel Brown

Cosmedicine products.

Skin Care

Cosmedicine Gets a Second Chance With New Owner

Skin care range Cosmedicine is working to formulate a potent rejuvenating antidote: expanded retail distribution.

clock February 5, 2010Molly Prior

Kazutoshi Kobayashi

Beauty Features

Kosé’s Kobayashi on the Future

Firm faces challenging conditions in Japan as economy stagnates.

clock February 5, 2010Kelly Wetherille

The book “100,000 Years of Beauty.”

Beauty Features

Beauty: All 100,000 Years of It

100,000 Years of Beauty,” a new multi-volume project sponsored by the L’Oréal Foundation, looks at human beauty across the world.

clock February 5, 2010Jennifer Weil

Robert “Bob” L. Stein

Human Resources

Robert L. Stein, Retail and Cosmetics Executive, 61

Stein, a 35-year retail veteran who spent 10 years at Macy’s and 20 years at Lord & Taylor, died suddenly of a heart attack Monday.

clock February 5, 2010Matthew W. Evans


Clarins Buys Full Stake in Kibio

Clarins acquired the remaining stake in the organic beauty brand Kibio on Jan. 29.

clock February 5, 2010Jennifer Weil

Fabrizio Freda


Freda’s Strategy for Lauder Takes Shape

Fabrizio Freda made the rounds with reporters and analysts this week to reinforce his strategy for the Estée Lauder Cos. Inc..

clock February 5, 2010Molly Prior

RoC Brilliance


J&J to Roll Out Products With New Technology

Johnson & Johnson’s Cytomimic is one of its largest antiaging breakthroughs since Retinol.

clock February 5, 2010Andrea Nagel

Ulta’s new ads feature a makeup-free model.

Marketing and Promotion

Naked Face to Promote Ulta’s New Site

A beautiful model without a stitch of makeup is the cornerstone of a beauty retailer’s latest efforts to sell more cosmetics.

clock February 5, 2010Faye Brookman

Beauty Features

Snippets: Parlux Numbers… Calling All Speakers… Haiti Relief…

Fragrance marketer Parlux Fragrances Inc.’s third-quarter losses widened 19.6 percent even as net sales saw a 6.3 percent uptick.

clock February 5, 2010WWD Staff


Beyoncé’s House of Deréon Accused of Breach of Contract

Beyoncé Knowles’ House of Deréon clothing line named in a breach of contract lawsuit filed by a Hong Kong manufacturer, Vier International Ltd.

clock February 5, 2010Matthew Lynch

Government and Trade

White House Unveils Export Initiative

Obama administration revealed details of its export strategy on Thursday, and industry execs hope to gain access to more credit.

clock February 5, 2010Liza Casabona

A Lanvin Blanche wedding dress.

Designer and Luxury

Net-A-Porter Ramps Up Bridal Boutique is relaunching its full-service Wedding Boutique on Feb. 16.

clock February 5, 2010Rosemary Feitelberg

A Woolrich jacket from the 180th anniversary collection.

Fashion Scoops

Woolrich With History… No Show for Tuleh?… Olivier Theyskens in Town…

For the 180th anniversary of the Woolrich brand, Italy’s WP Lavori in Corso has created a limited edition capsule collection.

clock February 5, 2010WWD Staff

Harper's Bazaar


Memo Pad: All Bundled Up Over British Harper’s Bazaar… Taping Liberty…

British Vogue publisher Stephen Quinn has accused rival NatMags of inflating the circulation figures of British Harper’s Bazaar.

clock February 5, 2010WWD Staff

Vanity Fair


Sluggish Sales for Fashion Magazines Persist

Allure, Essence, Lucky, Marie Claire, Self, Vogue and W experience double-digit declines in single-copy sales.

clock February 5, 2010Amy Wicks

Yvan Mispelaere

Designer and Luxury

DVF’s New Creative Chief Inspired by Brand’s ‘Glamour’

Yvan Mispelaere says he’s ready for the challenge, and when he met with Diane von Furstenberg, he said “I totally fell in love with her.”

clock February 5, 2010Marc Karimzadeh


Claiborne Sued by Licensee Over Penney’s Deal

A Liz Claiborne Inc. outerwear licensee, The Levy Group, has filed a $100M breach of contract lawsuit.

clock February 5, 2010Matthew Lynch


Daily Stock Wrap: February 4, 2010

The day’s gainers and losers.

clock February 5, 2010WWD Staff

Piling On: A lot of New Orleans Saints; a lot of stuff at Louis Vuitton Spring 2010.

Fashion Features

Double Talk: Football Meets Fashion

Despite the two worlds’ apparent divide, consideration reveals numerous points of fashion-football fusion, and not only Gisele and Tom Brady.

clock February 5, 2010Bridget Foley

The Dove Super Bowl commercial, “Manthem,” is a humorous ode to self-hood and masculinity.

Marketing and Promotion

Super Bowl Ads Tap Into Social Media

Dockers and Dove have invested in Super Bowl ads, but also plot coordinated online efforts.

clock February 5, 2010Valerie Seckler


Today's Must Read

Harper's Bazaar Cover, June 1953, Louise Dahl-Wolfe


Harper's Bazaar to Mount Major Exhibition in Paris

clock 4hMiles Socha

Social Studies