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Nature's Remedy

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Nature's Remedy DIAne STARTInG GUn vOn GOLDen GLOBe nOmInATIOnS FURSTenBeRG WeRe ReveALeD THURSDAY — PRe-FALL, AnD THe HOLLYWOOD PAGe 12 ReD cARPeT FASHIOn RAce BeGAn. PAGe 11 WFRIDAY, DECEMBER 16,W 2011 ■ $3.00 ■ WoMEn’sD WEAR DAIlY Nat u re’s Remedy This winter, Aveda and Ojon are aiming to provide natural solutions for hair issues that have traditionally required heavy chemicals: Aveda, with its Invati line for thinning hair, and Ojon, with Super Sleek, a collection designed to deliver smooth hair without chemicals like formaldehyde. Both collections bow next month. For more, see page 6. PHOTO BY THOmAS IAnnAccOne in WWD ToDaY Kors Goes Ka-ChinG Ralph Lauren names Lalonde PAGE 2 NEWS: Ralph Lauren Corp. named former LVMH executive Daniel Lalonde head of its international operations. s Designer’s Shares Leap Beauty Sales Strong for Holiday PAGE 6 BEAUTY: While stores’ performance has been patchy, retailers expect to see growth in their On Wall Street Debut beauty sales at holiday, driven by celebrity were traded. given the more than 190 million fragrances. By lIsA loCkWooD shares outstanding, the closing price left kors with a market capitalization of $3.82 billion. Proenza Schouler Said Opening Store PAGE 12 “I’M FEElIng gREAt, ” said an exuberant, After the stock was priced, a press-wary FASHION SCOOP: The designers are said to be and newly flush Michael kors, after ring- Idol whisked kors and the team away, saying eyeing a spot on Madison Avenue for their first ing the opening bell of the new York stock securities and Exchange Commission rules freestanding store. Exchange thursday morning. prevented them from talking. Flanked by partners silas Chou and It’s been quite a journey for kors, who lawrence stroll, chief executive officer John started his business 30 years ago. After sink- Idol and chief financial officer and chief op- ing into bankruptcy in the early nineties, erating officer Joseph Parsons, kors stood kors emerged and sold the business to Chou beaming on the podium, looking at the crowd and stroll in 2003 for a reported $100 million. below. the Michael kors Holdings ltd. part- the Hong kong-based company grew rapidly, ners hugged, high-fived each other, and then setting the stage for the IPo by raising money called up other members of the staff, as well from private investors this summer. the num- as kors’ mother, Joan, to the podium to wave ber of shares sold in this week’s offering was to the crowd. After a few minutes, the stock, 47.2 million, meaning the IPo will raise $944 listed under koRs, shot up to $25, and the million. the offering, which was oversub- day’s trading began. the stock, which traded scribed 10 times, was underwritten by Morgan between $23.51 and $25.23 throughout the stanley, J.P. Morgan Chase & Co., goldman, day, closed thursday at $24.20, up from its sachs & Co. and others. IPo price of $20. some 42.3 million shares sEE PAgE 4 w16a001a;8.indd 1 12/15/11 7:36 PM 12152011193709 2 WWD FRIDAY, DECEMBER 16, 2011 WWD.COM Ralph Lauren Taps Daniel Lalonde H&M Comp-Store Sales Slip business back in-house, opening By JOELLE DIDERICH By MARC KARIMZADEH flagships from Moscow to Dubai and Paris, and launching the PARIS — Hennes & Mauritz AB said sales including VAT NEW YORK — Ralph Lauren Rugby line internationally, start- in the fourth quarter totaled 36.17 billion Swedish kronor, Corp. on Thursday named ing with Tokyo and London. or $5.4 billion, representing a 3 percent decrease in compa- Daniel Lalonde president of Lalonde’s role adds a central- rable units. Ralph Lauren International. ized element to the company’s The Swedish high-street retailer, which will publish full- Lalonde, most recently international division and its re- year results on Jan. 26, said same-store sales for the full fis- president and chief executive gional executives, including John cal year (December 2010 to Nov. 30) were down 1 percent, officer of Champagne producer Hooks, who was brought in as while sales in local currencies rose 8 percent. Moët & Chandon in Paris, will new group president, Europe, in H&M did not provide an explanation for the data. The oversee Ralph Lauren’s entire September and who is based at world’s third-largest fashion chain has seen sales and profits international operations in Lauren’s European headquarters slide in recent months as European consumers tighten their this newly created position. He in Geneva. belts amid worries a new recession is around the corner. is relocating to New York and Lalonde spent the last 10 In local currency terms, sales including VAT increased by will start Jan. 23. years at LVMH Moët Hennessy 6 percent between Sept. 1 and Nov. 30, compared with the “International growth is Louis Vuitton. Before Moët & same fiscal quarter in 2010. Excluding VAT, sales amounted a key strategic initiative for Chandon, he served as president to 30.92 billion kronor, or $4.6 billion, versus 29.71 billion our company,” Ralph Lauren, and ceo of Louis Vuitton North kronor, or $4.3 billion, during the same period a year earlier. ANTONOV chairman and ceo, said. “After America from 2006 to 2010 and, All dollar rates are calculated at average exchange rates for achieving tremendous success PASHA prior to that, was president of the period in question. in Europe, we are very focused BY LVMH’s watch and jewelry di- H&M also reported that same-store sales fell 1 percent in on continuing those efforts and vision here as well as its Tag November following a 2 percent decrease in October. Sales PHOTO Heuer brand. He joined LVMH’s on expanding our presence Daniel Lalonde in local currencies rose 9 percent, versus an 8 percent rise throughout Asia. Daniel is a watch business from Nespresso. the previous month. In November 2010, H&M reported an seasoned and talented leader within our industry. I Lalonde will report to president and chief operat- 8 percent rise in same-store sales and a 17 percent jump in look forward to working closely with him to further ing officer Roger Farah. “His extensive background local currencies. elevate and grow the Ralph Lauren brand in our in- and proven track record in growing global luxury The store count stood at 2,472 on Nov. 30 versus 2,206 ternational markets.” businesses positions him well to assume this criti- stores at the same time last year. In recent years, Ralph Lauren has been building cal role as we continue to strengthen our business the international business, taking its entire Asian worldwide,” Farah said. Hermès Holding Company Complete Black by Vera Wang Set for the Spring PARIS — The Hermès family has appointed Julie Guerrand president of a newly created nonlisted holding company eventually grow to represent owning more than 50 percent of Hermès International’s By JEAN E. PALMIERI 25 percent of the company’s share capital, it said Wednesday. tuxedo rental sales. “Eighty- Guerrand belongs to the sixth generation of heirs to BLACK BY VERA WANG. five percent of the rental Thierry Hermès, who founded the company in 1837. Earlier That’s the name of the tux- market is weddings and the this year, she took over as director of corporate develop- edo collection the designer bride is the decision maker,” ment in charge of investments and coordination missions at will be producing for The he said. “The first thing that the firm, reporting to Mireille Maury, managing director of Men’s Wearhouse. a girl does when she gets en- finance and administration. On Thursday, the companies gaged is start shopping for Hermès said it completed the creation of the holding confirmed a report in WWD that a dress. And we will get in company, dubbed H51, on Dec. 12 and 13. The previously an- Wang will take the plunge into front of her very early in the nounced move by the luxury house is designed to protect it the men’s formalwear industry process.” Men’s Wearhouse from a potential takeover bid by its unwanted suitor, LVMH through a licensing deal with the is the official tuxedo partner Moët Hennessy Louis Vuitton, which now owns 21.4 percent specialty store chain. for David’s Bridal, a leading of the Hermès capital. The collection, which will bridal retailer, that last year “The creation of this structure confirms the family’s unity have an opening price point of A tuxedo from Black by Vera Wang. introduced a more moder- in its commitment to defending the independence of Hermès, $219.99 for a complete rental ately priced line of gowns to preserve its values and its culture,” Hermès stated. outfit, will hit all Men’s Wearhouse stores in the U.S. under the White by Vera Wang label. The holding firm held its first meeting Tuesday. Its board as well as the company’s Moores Clothing for Men “David’s has a big and growing Vera Wang busi- is made up of Bertrand Puech, the executive chairman of units in Canada in late spring 2012. ness and this deal gives the relationship more syn- Emile Hermès Sarl, which represents the family share- The inaugural collection will be offered in two ergy and Men’s Wearhouse more credibility in the holders; Axel Dumas, managing director of the saddle and contemporary fits and colors, one black and one mind of the bride,” Ewert said. leather métier; Laurent Mommeja, the former head of the gray. Both will feature a slighter, shorter jacket, 30.5 He said the collection will be marketed online, U.S.
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