DOCSLIB.ORG

THE SHOPKEEPER How Leslie H

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
THE SHOPKEEPER How Leslie H AN ISSUE OF WOMEN’S WEAR DAILY THE BUSINESS OF BEAUTY VISIONARY OF THE YEAR THE SHOPKEEPER How Leslie H. Wexner Reinvented Beauty Retailing WWD Beauty Inc 2013 AWARDS BB1312-PG0X-Cover.a;6.indd 1 12/3/13 3:31 PM $QQSPWFEXJUIXBSOJOHT THE BUTTERFLY EFFECT INCREDIBLY FANNED OUT VOLUME R E N R O C O T R E N R O C S E H C A E R – N IG S E D IC R T E M M Y S A NEW “THE BUTTERFLY LOOK IS MY ULTIMATE MUST-HAVE.” Bianca Balti REVOLUTIONARY WING-TIP BRUSH INSTANTLY VOLUMIZES FROM THE ROOTS AND STRETCHES LASHES TOWARD THE OUTER CORNER. EXPLORE ALL THE LOOKS AT BUTTERFLYMASCARA.COM ©2013 L’Oréal USA, Inc. Simulation of actual product results. Lashes styled with Voluminous ButterflyTM Mascara. Lash inserts were used to fill in natural gaps. THE BUTTERFLY EFFECT INCREDIBLY FANNED OUT VOLUME R E N R O C O T R E N R O C S E H C A E R – N IG S E D IC R T E M M Y S A NEW “THE BUTTERFLY LOOK IS MY ULTIMATE MUST-HAVE.” Bianca Balti REVOLUTIONARY WING-TIP BRUSH INSTANTLY VOLUMIZES FROM THE ROOTS AND STRETCHES LASHES TOWARD THE OUTER CORNER. EXPLORE ALL THE LOOKS AT BUTTERFLYMASCARA.COM ©2013 L’Oréal USA, Inc. Simulation of actual product results. Lashes styled with Voluminous ButterflyTM Mascara. Lash inserts were used to fill in natural gaps. ª true glowª curl secret SONIC SKINCARE SOLUTION REVOLUTIONARY SHINY CURLS 300 oscillations per second for professional facial cleansing action! Hair goes in & the perfect curl comes out — every time! • 73% reduction in oil • professional brushless motor • 30% reduction in the • tourmaline ceramic appearance of redness • 2 heat levels & 3 timer settings • 30% visible improvement in pore size Claims based on independent clinical testing and consumer surveys true secret of beauty REVEALING SKIN & HAIR INNOVATION www.trueglowbyconair.com www.curlsecret.com ™ true glow™ curl secret SONIC SKINCARE SOLUTION REVOLUTIONARY SHINY CURLS 300 oscillations per second for professional facial cleansing action! Hair goes in & the perfect curl comes out — every time! tSFEVDUJPOJOPJM tQSPGFTTJPOBMCSVTIMFTTNPUPS tSFEVDUJPOJOUIF tUPVSNBMJOFDFSBNJD BQQFBSBODFPGSFEOFTT tIFBUMFWFMTUJNFSTFUUJOHT tWJTJCMFJNQSPWFNFOU JOQPSFTJ[F $MBJNTCBTFEPOJOEFQFOEFOUDMJOJDBM UFTUJOHBOEDPOTVNFSTVSWFZT true secret of beauty REVEALING SKIN & HAIR INNOVATION www.trueglowbyconair.com www.curlsecret.com 8 WWD BEAUTY INC FEATURES 26 The WWD Beauty Inc Awards Our annual editor’s choice business-to-business awards honoring the beauty industry’s brightest people, places, products and ideas from 2013. 40 The Man Who Started It All Leslie H. Wexner, the founder, chairman and chief executive officer of L Brands Inc. and recipient of the 2013 WWD Beauty Inc Visionary Award, revolutionized the American retail scene by keeping an unwavering eye trained on consumers. DEPARTMENTS BEAUTY BULLETIN 14 Blushing Beauty Pink blooms for Spring. 16 Shelf Life Key products hitting stores now. CORNER OFFICE 18 Life at the Top Since assuming the head position at La Prairie, Patrick Rasquinet has led the luxe brand to meteoric growth. 21 My First Job Why the lessons Elana Drell Szyfer learned as a sales associate at a men’s store in New Jersey helped form who she is today. 21 Black Book Star stylist Serge Normant shares his New York City indulgences. CONSUMER CHRONICLES 22 The Big and the Beautiful WWD’s Rachel Brown assesses Costco’s newest beauty layout. French beauty 24 Shopper Stalker Who’s buying what—and Marine Deleeuw, why—in Brooklyn. seen here at Dries Van Noten, was MISC the undisputed catwalk queen of 12 Pete Unplugged WWD’s executive editor of the Spring 2014 shows, walking beauty, Pete Born, assesses old-school brick-and- in 65 shows. mortar in an omnichannel world. ON THE COVER: Leslie H. Wexner, founder, chairman and chief executive officer of L Brands Inc., photographed exclusively for WWD Beauty Inc by Andrew Spear. CONTENTS Photo illustration by Julien Pacaud. PHOTO BY GIOVANNI GIANNONI GIOVANNI BY PHOTO WWD IS A REGISTERED TRADEMARK OF ADVANCE MAGAZINE PUBLISHERS INC. COPYRIGHT ©2013 FAIRCHILD FASHION MEDIA. ALL RIGHTS RESERVED. PRINTED we receive a corrected address within one year. If during your subscription term or up to one year after the magazine becomes undeliverable, you are ever dissatisfied with IN THE U.S.A. VOLUME 206, NO. 122. SATURDAY, DECEMBER 14, 2013. WWD (ISSN 0149–5380) is published daily (except Saturdays, Sundays and holidays, with your subscription, let us know. You will receive a full refund on all unmailed issues. First copy of new subscription will be mailed within four weeks after receipt of order. one additional issue in March, May, June, August, October and December, and two additional issues in February, April, September and November) by Fairchild Fashion Address all editorial, business, and production correspondence to WOMEN’S WEAR DAILY, 750 Third Avenue, New York, NY 10017. For permissions requests, please call Media, which is a division of Advance Magazine Publishers Inc. PRINCIPAL OFFICE: 750 Third Avenue, New York, NY 10017. Shared Services provided by Condé Nast: 212-630-5656 or fax the request to 212-630-5883. For all request for reprints of articles please contact The YGS Group at [email protected], or call 800-501- S.I. Newhouse, Jr., Chairman; Charles H. Townsend, Chief Executive Officer; Robert A. Sauerberg Jr., President; John W. Bellando, Chief Operating Officer & Chief Financial 9571. Visit us online at www.wwd.com. To subscribe to other Fairchild Fashion Media magazines on the World Wide Web, visit www.wwd.com/subscriptions. Occasionally, we Officer; Jill Bright, Chief Administrative Officer. Periodicals postage paid at New York, NY, and at additional mailing offices.da Cana Post Publications Mail Agreement No. make our subscriber list available to carefully screened companies that offer products and services that we believe would interest our readers. If you do not want to receive 40644503. Canadian Goods and Services Tax Registration No. 886549096-RT0001. Canada Post: return undeliverable Canadian addresses to P.O. Box 503, RPO West these offers and/or information, please advise us at P.O. Box 6356, Harlan, IA, 51593 or call 866-401-7801. WOMEN’S WEAR DAILY SI NOT RESPONSIBLE FOR THE Beaver Cre, Rich-Hill, ON L4B 4R6. POSTMASTER: SEND ADDRESS CHANGES TO WOMEN’S WEAR DAILY, P.O. Box 6356, Harlan, IA, 51593. FOR SUBSCRIPTIONS, RETURN OR LOSS OF, OR FOR DAMAGE OR ANY OTHER INJURY TO, UNSOLICITED MANUSCRIPTS, UNSOLICITED ART WORK (INCLUDING, BUT NOT LIMITED ADDRESS CHANGES, ADJUSTMENTS, OR BACK ISSUE INQUIRIES: Please write to WWD, P.O. Box 6356, Harlan, IA, 51593, call 866-401-7801, or e-mail customer service TO, DRAWINGS, PHOTOGRAPHS, AND TRANSPARENCIES), OR ANY OTHER UNSOLICITED MATERIALS. THOSE SUBMITTING MANUSCRIPTS, PHOTOGRAPHS, at wwdPrint@cdsfulfillment.com. Please include both new and old addresses as printed on most recent label. For New York Hand Delivery Service address changes or inquiries, ART WORK, OR OTHER MATERIALS FOR CONSIDERATION SHOULD NOT SEND ORIGINALS, UNLESS SPECIFICALLY REQUESTED TO DO SO BY WOMEN’S WEAR please contact Mitchell’s NY at 1-800-662-2275, option 7. Subscribers: If the Post Office alerts us that your magazine is undeliverable, we have no further obligation unless DAILY IN WRITING. MANUSCRIPTS, PHOTOGRAPHS, AND OTHER MATERIALS SUBMITTED MUST BE ACCOMPANIED BY A SELF-ADDRESSED STAMPED ENVELOPE. BB-1312-PG0X-TOC.a;9.indd 8 12/3/13 5:12 PM INTRODUCING BE AN INSPIRATION #modernmuse © 2013 Estée Lauder Inc. 10 WWD BEAUTY INC EDITOR’S LETTER EDWARD NARDOZA EDITOR IN CHIEF, W WD PETE BORN EXECUTIVE EDITOR, BEAUTY JENNY B. FINE EDITOR The Merchant of Wow JENNIFER WEIL EUROPEAN EDITOR JULIE NAUGHTON SENIOR PRESTIGE MARKET BEAUTY EDITOR orty years ago, Leslie H. Wexner, always an avid reader, made the decision MOLLY PRIOR BEAUTY FINANCIAL EDITOR FAYE BROOKMAN CONTRIBUTING EDITOR to eschew fiction in favor of history and biographies because, in his view, BELISA SILVA BEAUTY MARKET EDITOR, MASS reality was much more compelling than make-believe. Yet Wexner’s JAYME CYK EDITORIAL ASSISTANT KATIE KRETSCHMER COPY EDITOR personal tale is the stuff that dreams are made of. In 1963, Wexner ART borrowed $5,000 from his aunt to start The Limited, a clothing store BARBARA SULLIVAN ART DIRECTOR geared towards young women. First-year sales soared to $160,000. Just six years F CONTRIBUTORS later, Wexner took the company public, with shares of The Limited offered at $7.25. SAMANTHA CONTI AND NINA JONES (London), MILES SOCHA (Paris), CYNTHIA MARTENS (Milan), MARCY MEDINA AND RACHEL BROWN (Los Angeles), Today, the stock trades in the mid-60s range, and Wexner’s company, L Brands Inc., MELISSA DRIER AND SUSAN STONE (Berlin), AMANDA KAISER (Tokyo) has evolved into a $10 billion retail powerhouse in the personal care and lingerie PHOTO segments through its superstar formats: Bath and Body Works and Victoria’s Secret, CARRIE PROVENZANO PHOTO DIRECTOR LEXIE MORELAND ASSOCIATE PHOTO EDITOR as well as Pink, Henri Bendel and La Senza. The 76-year-old self-made billionaire JENNA GREENE ASSISTANT PHOTO EDITOR is the longest-serving chief executive of a Fortune 500 company, and he remains as CARTER LOVE BOOKINGS EDITOR EILEEN TSUJI PHOTO COORDINATOR vitally involved in the business today as when he founded the company 50 years ago. ROBERT COHEN PHOTO FACILITATOR JOHN AQUINO, GEORGE CHINSEE, STEVE EICHNER, KYLE ERICKSEN, He’s also as outspoken as ever—most recently sparking a fierce industry-wide debate THOMAS IANNACCONE PHOTOGRAPHERS when he proclaimed department stores irrelevant. CONTRIBUTING PHOTOGRAPHERS Whether or not you agree with Wexner on that particular point, his impact on RUVEN AFANADOR, KENJI AOKI, DAN BORRIS, NIGEL DICKSON, HENRY LEUTWYLER, MARK HANAUER, MICHAEL NAGLE, beauty and retailing is undisputed. And for a year that saw so much activity in the JEFF RIEDEL, PHILIPPE SALOMON, DAVID LEWIS TAYLOR, YASU+JUNKO retail arena, we could think of no more-fitting honoree for WWD Beauty Inc’s 2013 Visionary of the Year award.
Load more

Recommended publications
  • Toiletries in Civil War Era Newspapers Vicki Betts University of Texas at Tyler, [email protected]
    University of Texas at Tyler Scholar Works at UT Tyler Special Topics Civil War Newspapers 2016 Toiletries in Civil War Era Newspapers Vicki Betts University of Texas at Tyler, [email protected] Follow this and additional works at: https://scholarworks.uttyler.edu/cw_newstopics Recommended Citation Betts, ickV i, "Toiletries in Civil War Era Newspapers" (2016). Special Topics. Paper 27. http://hdl.handle.net/10950/781 This Article is brought to you for free and open access by the Civil War Newspapers at Scholar Works at UT Tyler. It has been accepted for inclusion in Special Topics by an authorized administrator of Scholar Works at UT Tyler. For more information, please contact [email protected]. Toiletries [MARSHALL] TEXAS REPUBLICAN, May 19, 1860, p. 2, c. 5 Perfumery. Lubin's genuine Extracts, Harrison's Extracts, Bell Cologne, German Cologne, together with a large variety of Toilet Soap, just received and for sale by Bradfield & Talley. CHARLESTON MERCURY, August 27, 1860, p. 2, c. 6 Important to the Ladies! Fresh Stock of Lubin's Perfumeries! And Choice Imported Toilet Articles, comprising Highly Scented Soaps Perfumery for the Handkerchief--every variety Lavender Water, Cold Cream, Pomatums Scented Hair Oils Bandoline Toilet Powder Shaving Creams Satchels, also English and French Hair, Tooth, Nail, and Cloth Brushes of Ivory, Bone and Wood. All of which having been purchased for Cash will be sold at reasonable prices by Van. Schaack & Grierson, Chemists and Druggists, and Importers of Perfumery, Toilet Articles, &c. SAVANNAH [GA] REPUBLICAN, December 27, 1860, p. 2, c. 5 New Mown Hay Cologne, Lubin's Boquet [sic] Savannah And a choice lot of French Pomades.
    [Show full text]
  • Annual Report 2018 Contents 1St 86,000 Cosmetics Group Employees Prospects Worldwide(1) 02 Prospects by Jean-Paul Agon, Chairman & CEO
    Annual Report 2018 Contents 1st 86,000 cosmetics group employees Prospects worldwide(1) 02 Prospects by Jean-Paul Agon, Chairman & CEO Strategy 36 150 brands countries 06 Governance · The Board of Directors · The Executive Committee 10 Quality 12 Ethics 26.9 505 14 Responsibility · “Sharing Beauty With All” billion euros patents registered · Citizen Day of sales(2) in 2018 · The L’Oréal Corporate Foundation 18 Human Relations Performance Commitments for 2 4.92 1 Cosmetics Market 24 L’Oréal in figures billion euros in 2020 28 Worldwide advances operating profit “Sharing Beauty With All” 31 Strategic themes Brands 33 Brands overview (1) Source: WWD, Beauty Top 100,May 2018. (2) At 31 December 2018. 34 Consumer Products 38 L’Oréal Luxe 42 Professional Products More exclusive content 46 Active Cosmetics on the digital version Expertise lorealannualreport2018.com 52 Research & Innovation 54 Operations Discover and filter 56 Digital the Annual Report content 58 Administration and Finance Discover the strategic themes of the Annual Report. Use them to filter content and personalise your navigation to find content that matches your interests. The digital version also features more exclusive content, articles, infographics and many videos. Our mission Beauty for All Offering all women and men worldwide the best of cosmetics in terms of quality, efficacy and safety to satisfy all their beauty needs and desires, in their infinite diversity. Our strategy Universalisation L’Oréal has chosen a unique strategy: Universalisation. It means globalisation that captures, understands and respects differences. Differences in desires, needs and traditions. To offer tailor-made beauty, and meet the aspirations of consumers in every part of the world.
    [Show full text]
  • Managing Political Risk in Global Business: Beiersdorf 1914-1990
    Managing Political Risk in Global Business: Beiersdorf 1914-1990 Geoffrey Jones Christina Lubinski Working Paper 12-003 July 22, 2011 Copyright © 2011 by Geoffrey Jones and Christina Lubinski Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Managing Political Risk in Global Business: Beiersdorf 1914-1990 Geoffrey Jones Christina Lubinski 1 Abstract This working paper examines corporate strategies of political risk management during the twentieth century. It focuses especially on Beiersdorf, a German-based pharmaceutical and skin care company. During World War 1 the expropriation of its brands and trademarks revealed its vulnerability to political risk. Following the advent of the Nazi regime in 1933, the largely Jewish owned and managed company, faced a uniquely challenging combination of home and host country political risk. The paper reviews the firm's responses to these adverse circumstances, challenging the prevailing literature which interprets so-called "cloaking" activities as one element of businesses’ cooperation with the Nazis. The paper departs from previous literature in assessing the outcomes of the company’s strategies after 1945. It examines the challenges and costs faced by the company in recovering the ownership of its brands. While the management of distance became much easier over the course of the twentieth century because of communications
    [Show full text]
  • LTL Compilation
    30 days to your Low Tox Life - Class of March 2015 End of Course PDF compilation 30 days to your Low Tox Life - Class of March 2015 End of Course PDF compilation Day 1: Before we can fly, it’s important to get grounded Day 2: A “fake smells” stocktake, perfumes and a close look at candles Day 3: Endocrine disrupting chemicals – the rest of them! Day 4: A Low Tox Mind with a meditation led by Katie Kendall Day 5: Low Tox Home Cleaning – Kitchen, bathroom and multipurpose Day 6: Low Tox Laundry Day 7: Low Tox Face – Cosmetics, skincare & men’s face & shaving Day 8: BODY: Scrubs, lotions, sun care and self-tanning Day 9: The Antibacterial Myth – Are we ‘too clean’? Day 10: Personal Hygiene – Pits, time of the month, sexy time Day 11: A Low Tox Mind and meditation with Grant Lyndon Day 12: Detoxing from chemicals Day 13: Low Tox Make UP Day 14: Low Tox Kids Day 15: Low Tox Hair & Nails Day 16: Plastic Free Living – Going LOW plastic in a high plastic world Day 17: Teeth, fluoride and water filtration 30 days to your Low Tox Life - Class of March 2015 End of Course PDF compilation Day 18: Low Tox Mind Series – with Tom Cronin Day 19: Cookware & Bakeware Day 20: Food Storage Day 21: Wastage – food AND packaging Day 22: Low Tox Conversations – The challenge of toxic interactions on your way to the low tox life Day 23: Low Tox Bedroom Day 24: Low Tox Clothes Day 25: A very delicious kind of meditation Day 26: A low tox home – Heavy Metals Day 27: A low tox home – Dust and Mould Day 28: A low tox home – pest repellants – personal, home & garden Day 29: Electromagnetics & WiFi Day 30: Low Tox Wrap – Resources, course book & further reading recommendations 30 days to your Low Tox Life - Class of March 2015 End of Course PDF compilation Day 1: Before we can fly, it’s important to get grounded Welcome! Alexx chats to Martin Zucker – Video Transcript So what is a low tox life? Low tox living means, living more in-line with nature in our daily choices, making time for ourselves to relax, and keeping a low tox mind in terms of more positive thoughts, with less negative ones.
    [Show full text]
  • The L'oréal Group
    Tomas Bata University in Zlín Faculty of Management and Economics Presentation on The L’Oréal Group ( the company for beauty) Subject: English language Elaborated by: Sandra Antičová Group: I 21/F 2 Introduction Good morning Ladies and Gentlemen. It’s a great pleasure to have the opportunity to adress such a distinquished audience. Firstly, I would like to introduce myself. My name is Sandra Anticova. I work as a representative in the L’Oréal Czech Republic subsidiary. Today I’m going to inform you about L’Oréal, its history, products, sales, structure and something about its owners and shareholders. Please interrupt me if there is something which needs clarifying. Otherwise, there’ll be time for discussion at the end of my short presentation. I think that now it is time to start. So, I would suggest that we begin with the history of the company. The history of the company In 1907, Eugéne Schueller, a young French chemist, developed an innovative hair- colour formula. He called this new, perfectly safe, hair duy „Aurelióne“ . With this, the history of L‘Oréal began. Eugéne Scheller formulated and manufactured his own products, which he then sold to Parisian hairdressers. In 1909, Schueller registred his own company, the „Société Francaise de Teintures Inoffensives pour Cheveux“, the future L‘Oréal. The two guiding principles of the company were research and innovation in the interests of beauty, and these were put into place from the start. In 1920, the small company employed 3 chemists. By 1950, the research teams had 100 members, and the number reached 1,000 by 1984, and is nearly 3,000 today.
    [Show full text]
  • This Chart Uses Web the Top 300 Brands F This Chart
    This chart uses Web traffic from readers on TotalBeauty.com to rank the top 300 brands from over 1,400 on our site. As of December 2010 Rank Nov. Rank Brand SOA 1 1 Neutrogena 3.13% 2 4 Maybelline New York 2.80% 3 2 L'Oreal 2.62% 4 3 MAC 2.52% 5 6 Olay 2.10% 6 7 Revlon 1.96% 7 30 Bath & Body Works 1.80% 8 5 Clinique 1.71% 9 11 Chanel 1.47% 10 8 Nars 1.43% 11 10 CoverGirl 1.34% 12 74 John Frieda 1.31% 13 12 Lancome 1.28% 14 20 Avon 1.21% 15 19 Aveeno 1.09% 16 21 The Body Shop 1.07% 17 9 Garnier 1.04% 18 23 Conair 1.02% 19 14 Estee Lauder 0.99% 20 24 Victoria's Secret 0.97% 21 25 Burt's Bees 0.94% 22 32 Kiehl's 0.90% 23 16 Redken 0.89% 24 43 E.L.F. 0.89% 25 18 Sally Hansen 0.89% 26 27 Benefit 0.87% 27 42 Aussie 0.86% 28 31 T3 0.85% 29 38 Philosophy 0.82% 30 36 Pantene 0.78% 31 13 Bare Escentuals 0.77% 32 15 Dove 0.76% 33 33 TRESemme 0.75% 34 17 Aveda 0.73% 35 40 Urban Decay 0.71% 36 46 Clean & Clear 0.71% 37 26 Paul Mitchell 0.70% 38 41 Bobbi Brown 0.67% 39 37 Clairol 0.60% 40 34 Herbal Essences 0.60% 41 93 Suave 0.59% 42 45 Dior 0.56% 43 29 Origins 0.55% 44 28 St.
    [Show full text]
  • The Airlines Business in Travel Retail For
    M.S. STRATÉGIE ET INGÉNIERIE DES AFFAIRES INTERNATIONALES THE AIRLINES BUSINESS IN TRAVEL RETAIL FOR GUERLAIN: THE STEP BEYOND… Soutenu par Anne-Flore MAMAN Promotion 2005 Confidentiel PDF créé avec la version d'essai pdfFactory www.gs2i.fr/fineprint/pdffactory.htm NOT CLASSIFIED DOCUMENT Subject: The Airlines Business in Travel Retail for Guerlain: The Step Beyond… Author: Ms. Anne-Flore MAMAN Company: GUERLAIN, France Director of project: Mrs Virginie HERON Tutor: Mr Cedomir NESTOROVIC Oral's date: Thursday 16th November 2006 Key words: TR Sets; Business Segments; Marketing Mix; Airlines; Strategy Study: PRESENTATION: In the highly competitive world of Fragrances and Cosmetics it has become more than ever crucial for Brands to build on a strong and internationally recognized Brand Image. In this vein, the Travel Retail Market turns out to be an incredible showcase. Part of this Distribution Channel, the Airlines Business may be the next tool for high-end Brands to convey their message throughout the world. It is presently underused by Guerlain. Our purpose is thus to come up with strategic marketing recommendations in this specific Business, consistent with the Brand image and with its usual selling policies. Our vision is that the Company could be as successful in the Airlines Business as it is in the Travel Retail Worldwide one. CONSTRAINTS: Our main constraint was the lack of available information on the subject: if a lot of Brands capitalize a lot on their Travel Retail Business Units, usually no specific unit is dedicated to the Airlines Business. Thus, most of the Brands selling on board turn out to be more driven by the business than driving it.
    [Show full text]
  • Cautionary Statement
    MARCH 2014 CAUTIONARY STATEMENT Forward-Looking Statements This presentation includes forward-looking statements. These forward-looking statements reflect the Company’s current views with respect to, among other things, its future operations and financial performance; expected growth; its ability to support its planned business operation on a near- and long-term basis and its outlook for the remainder of the fiscal year ending June 30, 2014. These forward-looking statements are generally identified by words or phrases, such as “anticipate”, “estimate”, “plan”, “project”, “expect”, “believe”, “intend”, “foresee”, “forecast”, “will”, “may”, “should,” “outlook,” “continue,” “intend,” “aim” and similar words or phrases. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, events, favorable circumstances or conditions, levels of activity or performance. Reported results should not be considered an indication of future performance, and actual results may differ materially from the results predicted due to risks and uncertainties including (1)the Company’s ability to achieve our global business strategy and compete effectively in the beauty industry; (2) the Company’s ability to anticipate, gauge and respond to market trends and consumer preferences, which may change rapidly; (3) the Company’s ability to identify suitable acquisition targets and managerial, integration, operational and financial risks associated with those acquisitions; (4) risks related to our
    [Show full text]
  • Download the Letter to Shareholders, No. 64
    L’ORÉAL FINANCE TO SHAREHOLDERS No.64 – AUTUMN 2015 NEWS / p.02 FOCUS ON TURKEY: MAKE-UP AND DIGITAL, A WINNING PAIR / p.04 Find out more about the results, the share price and your shareholder meetings / p.06 to 08 News Editorial JEAN-PAUL AGON WORLDWIDE Chairman and CEO of L’Oréal ROLL-OUT OF THE “SHARE & CARE” SOCIAL t the end of June, our reported growth was the strong- est recorded for the last twenty years, with a very posi- PROGRAMME A tive currency effect. This strong increase in sales has been achieved alongside good quality first-half results, information L’Oréal has successfully deployed its about which can be found in this Letter. “Share & Care” programme, which All of the group’s Divisions are growing. L’Oréal Luxe is outper- ensures its employees enjoy the best forming a dynamic worldwide market, with double-digit growth for practices in terms of social benefit, the GIORGIO ARMANI, YVES SAINT LAURENT and KIEHL’S healthcare, parenthood and quality brands. The Professional Products Division is showing a clear re- of life at work. By the end of 2015, bound thanks to the success of REDKEN and the performance 100% of its objectives will have been at L’ORÉAL PROFESSIONNEL. The latter has recently launched the met in the countries in which the group innovative personalised professional service, Pro Fiber, which you operates. can explore in the digital version of this Letter. The Active Cosmetics “L’Oréal’s desire is to combine the Division is greatly strengthening its worldwide position, driven in globalisation of economic performance particular by the success of LA ROCHE-POSAY.
    [Show full text]
  • 2020 ANNUAL REPORT Passionate About Creativity
    2020 ANNUAL REPORT Passionate about creativity Passionate about creativity THE LVMH SPIRIT Louis Vuitton and Moët Hennessy merged in 1987, creating the LVMH Group. From the outset, Bernard Arnault gave the Group a clear vision: to become the world leader in luxury, with a philosophy summed up in its motto, “Passionate about creativity”. Today, the LVMH Group comprises 75 exceptional Maisons, each of which creates products that embody unique craftsmanship, carefully preserved heritage and resolute modernity. Through their creations, the Maisons are the ambassadors of a refined, contemporary art de vivre. LVMH nurtures a family spirit underpinned by an unwavering long-term corporate vision. The Group’s vocation is to ensure the development of each of its Maisons while respecting their identity and their autonomy, by providing all the resources they need to design, produce and distribute their creations through carefully selected channels. Our Group and Maisons put heart and soul into everything they do. Our core identity is based on the fundamental values that run through our entire Group and are shared by all of us. These values drive our Maisons’ performance and ensure their longevity, while keeping them attuned to the spirit of the times and connected to society. Since its inception, the Group has made sustainable development one of its strategic priorities. Today, this policy provides a powerful response to the issues of corporate ethical responsibility in general, as well as the role a group like LVMH should play within French society and internationally. Our philosophy: Passionate about creativity THE VALUES OF A DEEPLY COMMITTED GROUP Being creative and innovative Creativity and innovation are part of LVMH’s DNA; throughout the years, they have been the keys to our Maisons’ success and the basis of their solid reputations.
    [Show full text]
  • In International Management the Replication Of
    Master’s Degree programme Second Cycle (D.M. 270/2004) in International Management Final Thesis The Replication of Strategic Format as Internationalization Method Calzedonia Case Supervisor Ch. Prof. Vladi Finotto Graduand Federica Giarola Matriculation Number 855683 Academic Year 2016 / 2017 ABSTRACT Business organizations may expand internationally by replicating part of their value chain, such as products, prices, marketing and communication tools, organizational structures and stores design through the creation of a format. However, it is difficult for replicators to find the right format, to adjust it in order to adapt to local environments and to transfer knowledge abroad. To dicover these issues, I studied the organizational structure of Calzedonia, the firm leader of underwear apparel, involving interested offices with long interviews. I find that Calzedonia, after a period of exploration, proceeded in terms of replicating a format in a flexible manner, supporting an ongoing learning process aimed to adapt what is flexible to the market. The format, in fact, presents two fundamental characteristics: fixed features used everywhere without modifications and flexible ones able to adapt locally. Another finding is how Calzedonia uses the format in its internationalization strategy, through franchising network. I conclude the thesis with an overview of the future challenges just approached by the firm: US and China markets. 1 CONTENTS AKNOWLEDGMENTS ...........................................................................................................
    [Show full text]
  • Dolce & Gabbana's Communication and Branding Analysis
    FACE Business Case Dolce & Gabbana’s Communication and Branding Analysis Il presente lavoro è stato redatto grazie al contributo degli studenti del corso di Laurea Magistrale in Fashion Communication: Cristiana Avolio, Federica Fancinelli, Valentina Foschi, Veronica Rimondi e Camilla Tosi 1 The work aims to analyze the communication strategies of Dolce&Gabbana, one of the most famous brands on a national and international level, that has been able to create, within a varied audience, a global strong recognition. The fashion company was founded in 1985 by two designers: Domenico Dolce and Stefano Gabbana. 1. Zeitgeist and social context The inspiration of the designers Stefano Dolce and Domenico Gabbana comes from Sicily and the post-war neo-realist filmography, a land of perfumes and mysteries, a precious treasure chest of memories from which derive motifs destined to characterize each new collection. Surely their point of strength and recognition, both in lingerie and tailoring, is the black lace, a symbol of rigor and feminine sensuality; in fact the woman of Dolce & Gabbana, in balance between the modest and uninhibited, embodies the woman of our time with a strong and fragile personality at the same time, a concrete woman but also a dreamer. Protagonists of the fashion shows and the advertising campaigns are often the icon of the typical Italian beauty as: Bianca Balti, Monica Bellucci, Maria Grazia Cucinotta and Bianca Brandolini d'Adda. The Mediterranean woman becomes the point of reference and the muse of the two designers who highlight her shapes and her strong personality. For example, the bustier, as a synonymous for excellence of femininity that women, of all ages, have always used to outline and emphasize their bodies, recurs frequently in the brand pictures.
    [Show full text]