Company is said to be in talks to acquire a stake in Jequiti Cosméticos, a Brazilian direct sales cosmetics company.
The Men’s Grooming store has six categories, including shave, body care and skin care, and a range of products.
The designer’s license with the French beauty giant ends on Sept. 12.
Along with his makeup artist wife of 14 years, the photographer will launch two comprehensive beauty lines, Beauty Equation and BE Cosmetics.
The brand is also gearing up to debut its first consumer ads — starring Kate Moss — which will break in August.
Changes include the retirement of Jean-Jacques Lebel as president of the Consumer Products Division.
This summer’s beauty products and color collections are meant to channel the ease of island life — from head to toe.