Shiseido has acquired Drunk Elephant for $845 million. The deal underscores the Japanese buyer’s ambitions to globalize its beauty offerings, but also indicates that purchase prices for beauty brands may be calming down.
Industry sources had originally speculated that Drunk Elephant, a popular indie skin-care brand that was said to have about $100 million in net sales for 2018, could be sold for $1 billion or even more. The auction process was said to have attracted a slew of big-name bidders, including Colgate, L’Oréal and the Estée Lauder Cos.
Source said it was never clear where the $1 billion idea came from, but that with the Shiseido sale, Drunk Elephant has achieved one of the highest sales multiples for a beauty brand. Continue reading
Friends of the walks in poetry, here is the secret garden of Franck Sorbier … It is the first magic note played on the silver rope of a heart in summer, the caress of the eyes of the whole Fashion Week, a message which delivers the ineffable and exhilarating secrets of the week. Continue reading
On Wednesday, Lauren was given an honorary KBE, or Honorary Knight Commander of the Most Excellent Order of the British Empire, for services to fashion during a private ceremony at Buckingham Palace.
Because he’s an American citizen, the title is an honorary one and Lauren won’t be able to use “Sir” ahead of his name unless he becomes a British citizen.
Other honorary American KBEs include Michael Bloomberg, Bill Gates, Steven Spielberg, Bob Hope, Alan Greenspan, Ted Kennedy and Douglas Fairbanks Jr. Lauren is the first American fashion designer to receive the accolade.
This isn’t the first time the Brits or the royal family have feted Lauren: In 2016, the British Fashion Council honored the designer with its Outstanding Achievement award at the Fashion Awards in London. Continue reading
There will be color, teased Axel Dumas, chief executive officer of Hermès International, revealing a few details about plans by the French luxury firm to launch a makeup line next year. Color is the only thing he can analyse!
For the moment, we are starting with makeup, it’s a long-term plan, we will launch in 2020, with an announcement when we are ready we still have to finish the products. Nobody launches an unfinished makeup line !
The perfumes division accounted for around 5 percent of the company’s annual sales of nearly 6 billion euros last year.
Asked about conditions for slaying crocodiles, Dumas said that the company has veterinary guidelines that are “much more demanding than local regulation so that animal well-being is respected in each farm it’s essential, part of Hermès’ projects.” Now you understand why Hermès carries on killing crocodile in top secret farm. Continue reading
Louis Vuitton, is ramping up activity in the hospitality sector, eyeing three recently purchased properties on and around Rodeo Drive in Beverly Hills for the opening of a Cheval Blanc hotel.
In March 2018, LVMH bought a 6,200-square-foot empty retail space at 456 North Rodeo Drive for $110 million. Then, in September, the luxury powerhouse headed by billionaire Bernard Arnault purchased 468 North Rodeo Drive, the massive 22,250-square-foot, multistory building at the corner of Santa Monica Boulevard that was previously occupied by Brooks Brothers, for $245 million from the trust of the family of Margaret J. Anderson, who built the pink stucco Beverly Hills Hotel. In November, LVMH scooped up the 26,523-square-foot Paley Center for Media museum behind the store, at 465 North Beverly Drive, from New York private real estate investment firm Jenel Management for $80 million. Continue reading
Wednesday afternoon, a number of Facebook and Instagram users were having trouble accessing their accounts. According to DownDetector.com, tens of thousands of users haven’t been able to access their social media accounts since roughly noon Eastern Standard Time.
For Facebook, DownDetector.com states that out of reported problems, 34 percent can’t log in to their accounts, 33 percent can’t access their newsfeed and 32 percent are experiencing a total blackout. In its live outage map, it shows that the Facebook outage is being primarily experienced in the U.S. and Western Europe. Continue reading
Karl Lagerfeld’s last show for Chanel opened with a moment of silence, and the vast Grand Palais was as hushed as the mountain village depicted in the set, rows of wooden chalets, their chimneys smoking, set among pine trees and mounds of fake snow.
Lagerfeld loved snow he would rush out to take photos whenever it dusted Paris and his finale looks were white “snowball” sweater dresses with fluffy skirts, the first modeled by Penélope Cruz, who strolled out smiling and twirling a flower.
Chanel tucked a sketch into the press kits on each seat in Lagerfeld’s inimitable hand. It shows him standing with Gabrielle Chanel, and his handwritten caption read “The beat goes on…”
Claudia Schiffer, Janelle Monáe, Kristen Stewart, Stella Tennant, Ellie Bamber, Brandi Quinones and Naomi Campbell were among the bold-faced names to attend the show, along with international press and VIP clients
Sidney Toledano, chairman and chief executive officer of LVMH Fashion Group, is spearheading the project and has already selected and signed on a designer to lead it: Guillaume Henry.
Last March, Henry exited Nina Ricci and he is said to be passionate about the legacy of Patou, a French designer who brought modernity and buzz to fashion in the Twenties —and innovated in business with fragrances, logos and sport clothes.
LVMH is now in the throes of building teams around Henry with a view to launching the first collection of ready-to-wear and accessories in the second half of 2019.
It is understood the group views Patou as something of a niche, rarified name and not its next megabrand. Consequently, LVMH will likely start with a single boutique, most likely in Paris, along with e-commerce and select wholesale partners.
The relaunch suggests the world’s largest luxury group is anticipating an easing of the streetwear craze, and a swing of the fashion pendulum back to sophisticated chic. Continue reading
International fans of the Japanese designer Yohji Yamamoto now have a one-stop digital shop for all his goods in the form of “Yohji Yamamoto The Shop”.
While the designer made his products for sale online in a Japanese-language website in July, non-Japanese speakers were left out. On Thursday, the house debuted a global store bringing together products under the designer’s multiple lines.
That includes, Yohji Yamomoto Produce, which reproduces his signature hits; entry-level and web-only brand, S’YTE; the genderless Ground Y line; luxury accessories from discord Yohji Yamamoto; to casual wear offerings Yohji Yamamoto + NOIR, and Y’s. It will also sell LIMI feu, designed by his daughter Limi Yamamoto. Continue reading
Japanese cosmetics group Shiseido has recently appointed Isabelle Gex as President of Global Fragrances, a newly created post. She will start in her new role on 11th June.
Before joining Shiseido, Isabelle Gex founded and directed Stratlux, a French company specialised in mentoring start-ups in the fields of luxury, fashion and the arts. Between 2001 and 2017, she worked for the LVMH group, her latest role being Senior Executive Advisor on mergers and acquisitions. She also formerly worked as International Marketing Director Perfumes and Cosmetics at Chanel.
At Shiseido, Isabelle Gex will be in charge of the fragrance licences for Dolce & Gabbana, Narciso Rodriguez, Issey Miyake, Elie Saab, Zadig & Voltaire, Alaïa and Serge Lutens, the only brand which will continue to operate independently. Gex will report to Franck Marilly, the EMEA region’s CEO for Shiseido, and to Masahiko Uotani, the Shiseido group’s CEO, and will also be tasked with seeking external growth opportunities via brand and licence acquisition. She will oversee the Japanese group’s centre of excellence for fragrances, which is located in Paris. Continue reading
In Austria, Brigitte Macron showed once again that she is unafraid to experiment with fashion. Walking through Salzburg with Eveline Steinberger-Kern, wife of the Austrian president, Macron debuted a new red dress by Louis Vuitton, her go-to design house.
Emmanuel Macron was sworn in as France’s youngest ever President at the age of 39 in May, and credits his wife- and former teacher- Brigitte Trogneux (who has taken on his surname since they became France’s first couple) as one of his closest advisors.
Now the 64 year-old has become France’s “First Lady” (although there will be no official title for her) since Nicolas Sarkozy’s wife Carla left the Elysee Palace in 2012 – and she’s showcasing a wardrobe which proves she’s making the role her own. Continue reading