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Friday, March 23, 2007

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Friday, March 23, 2007
TODAY'S TOP STORIES
Pop Goes Madonna: H&M Launch Lures Fans Around the Globe
Madonna certainly has her legions of obsessed fans, but when it comes to fashion, she's not quite Karl Lagerfeld, Stella McCartney or Viktor & Rolf.
Adding Up Beauty: Lipstick Steals Sheen From Lip Gloss
The strong, structured silhouettes marching down the runway this season have opened the door to a lipstick revival.
L.A. Buyers: Something for Everyone
Los Angeles Fashion Week has evolved into multiple platforms that are as varied as the landscape itself: from the establishment Mercedes-Benz shows at Smashbox Studios to the fledgling BOXeight shows and Kitten Fashion Week in downtown, to quirky one-off events in the galleries and warehouses of Hollywood.

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Marketing Manager
High Profile Company based in New York has positions open on a new fragrance being launched. Assistant Marketing Manager will be part of the team managing the development process; one fragrance for prestige, the other will be for mass. Responsibilities will include strategy execution, packaging development, advertising campaign creation, competitive analysis and working cross functionally to make sure key deadlines are met. Ideal candidate must be able to work independently and with the team. Background in fragrance not necessary, but some experience in the beauty industry is required. Please respond with "WWD Marketing Manager" in the subject line of your email.
Apply at wwd@24seveninc.com
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HBA REPORT
Men's Corner: The Art of Shaving to Open At Grand Central Terminal
The Art of Shaving will join the likes of Origins, L'Occitane and Swatch when the men's grooming brand opens a 393-square-foot store in Grand Central Terminal's Lexington Avenue passage here in May.
Dufourg Thinks Big for Prive
Celebrity hairstylist Laurent Dufourg has big expansion plans for Prive, the company he founded a decade ago and recently bought back from Procter & Gamble's Wella division.
Skin Milk Aims for Youth Infusion
Skin Milk is hoping its bath and body care brand does a body good.

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New from WWD, DNR and FN
fashioncareers.com
Introducing the premier online career center, launching Monday, March 26.  fashioncareers.com will deliver quality, targeted search results and access to relevant news.
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FINANCIAL
CVS, Caremark Complete $24 Billion Merger
CVS Corp. said Thursday that its merger with pharmacy benefits manager Caremark Rx, a deal worth roughly $24 billion, has been formally closed.
N.Y. & Co. Net Up in 4th Qtr., Guidance Cut
New York & Co. posted a 17 percent jump in fourth-quarter earnings on Thursday, but shares of the women's apparel retailer fell on disappointing first-quarter and full-year guidance.
Currency, Gold Prices Hit Bulgari Earnings
Exchange rates and higher gold prices bit into Bul?gari SpA's fourth-quarter earnings, but the company managed to post double-digit growth in the full year.
Macy's Taps Reardon, Fills Key Slots
Martine Reardon, a veteran of Macy's East, has been promoted to the new position of executive vice president for national marketing strategy, events and public relations at Macy's Corporate Marketing.
Valentino Profits Increase 5.2% in 2006
Valentino Fashion Group SpA said Thursday that 2006 net profit gained 5.2 percent to $119.9 million, and issued a bullish forecast for the current year.
Sale of Camera Firm Lifts Hermes Net
Aided by an expanded retail network, Hermes Inter?national said net profits climbed 8.7 percent last year to $351.3 million, up from $323.3 million, a year ago.
Nike Posts Growth in 3rd Quarter
Buoyed by strong sales in all global regions, Nike Inc. on Thursday reported steady growth in earnings and sales for the third quarter.

BEAUTY REPORT
Courvoisier Fragrance: Bottling 200 Years of Luxury
The name Courvoisier may evoke images of sumptuous evenings filled with tasty food and cigar smoke, but now fragrance can be added to the picture.
Scentest Communication Puts a New Spin on Sampling
Rotators on the floor of the mall? Not exactly.
Critical Mass: Bigger Isn't Always Better in Beauty
New Jersey-based Drug Fair Stores is one of the few regional drugstore chains in America. Although it lacks the buying clout of its big competitors, the 37-store chain doesn't take a backseat when it comes to beauty.
Darphin Taps Into Younger Consumer
Darphin is getting in touch with its younger side this spring with the launch of Arovita C, a five-item skin care line designed for women interested in proactively fighting early signs of aging.
Stila Names McCartney to Chief Marketing Position
There's a new Stila girl in the family: Laurie McCartney, who has joined the indie brand as chief marketing and creative officer.
An Extreme Twist for Super Line Preventor
Prescriptives has drawn the line - by updating one of its best-selling skin care items.
Dr. Andrew Weil Brand Expands Ingestibles
Skin care and nutritional supplements brand Dr. Andrew Weil for Origins is broadening its ingestibles offering to include a line of organic honeys, called Weil Bee-ings Organic Health Support Honey.
L'Oreal Creates Prestige Unit for Art of Hair
How many sins does the Professional Products Division at L'Oreal have to hide?

RETAIL
Filene's Basement Revamping in Boston
Filene's Basement will close its downtown flagship - the chain's highest volume store - for at least 18 months starting in the fall to make way for a $625 million redevelopment of the site by the new owner, Vornado Realty Trust.

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DESIGN
This Old House Gets Another Life in Atlanta
After reviving 50 historic buildings in its hometown, the Savannah College of Art and Design is restoring an Atlanta landmark to its original High Victorian glory and reinventing it as a cultural arts center.
Artists Start Their Engines
Eighteen Andy Warhol paintings that have not been seen in the U.S. since 1986 will be among the showcase pieces in a new exhibition, "Famous Cars + Famous People," at Drive In Studios here.
Technology Speaking in Germany
For most consumers, a cushion that doubles as a phone, a bulletproof USB memory stick and a pocket-size navigation system equipped with an MP3 player and tourist tips for 37 countries would qualify as nonessential indulgences, but therein lies the price of invention.

FASHION
Boss Ups Profile in Russia
Some 50 models hit the runways here this month wearing the women's and men's Boss Black collections.
Evolving Landscape Colors Shanghai Fair
The eighth International Women's Ap?parel and Fashion Ac?cessories Trade Fair at ShanghaiMart concluded its run this month amid manufacturer concerns about the changing Chinese and global marketplaces.
Fashion Scoops: Beckham to A T... Great Lake... Verdad's Plans...
Los Angeles is abuzz with the impending arrival of Posh and Becks.

TEXTILE & TRADE REPORT
China Rebuts Subsidy Claims
China has responded to claims by the U.S. and Mexico that it provided companies with subsidies prohibited under global rules, including exemptions from taxes and other payments and the granting of refunds.

MEDIA/ADVERTISING
Memo Pad: Another Day, Another Defection... Teen Beat... Business As Usual
Alyce Alston is the latest lieutenant to follow Mary Berner to Reader's Digest Association. The former publisher of W was named president, Home & Garden and Health & Wellness, as Berner organizes an executive committee and plans to build the RDA properties around reader interests.

GENERAL
Quote Of the Week
Quote of the Week from the CEO of Liz Claiborne
In Brief: BJ's CEO... head Pony
Herb Zarkin, acting president and chief executive officer of BJ's Wholesale Club since the departure of Michael Wedge in November, has been permanently named to the post.


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