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WWD 02/18/2005

WWD 02/18/2005

Sea Change at L'Oreal: Agon Tapped to Succeed

A seismic tremor raced through the cosmetics industry as Lindsay Owen-Jones said Jean-Paul Agon will succeed him next year as ceo of L'Oreal.

Levi's Returns to Black

Levi Strauss returned to profitability in 2004, as company officials said they would focus on boosting cash flow and decreasing its $2.02 billion in debt.
— Feb 18, 2005

Sea Change at L'Oreal: Agon Tapped to Succeed

A seismic tremor raced through the cosmetics industry as Lindsay Owen-Jones said Jean-Paul Agon will succeed him next year as ceo of L'Oreal.
— Feb 18, 2005

Strong Comps Lift Target

Target Corp.'s net income inched up 0.1 percent to $825 million in the fourth quarter, as revenues gained 11.1 percent to $15.19 billion.
— Feb 18, 2005

Wal-Mart '04 Net Hits $10B

Wal-Mart pulled out better-than-expected profits in the fourth quarter, while 2004 earnings topped $10 billion and sales rose 10 percent to $285 billion.
— Feb 18, 2005

Quote of the Week

"We're into a new climate of accountability. We're taking a look at all of our rules that may be subject to abuse.''

- Michael Lavery, Audit Bureau of Circulations
— Feb 18, 2005

In Brief: Highlights from Harlem ... Trade Envoy Resigns ... New Polo Grounds

HIGHLIGHTS FROM HARLEM: Seven fashion and accessory designers will participate Saturday at the Hamilton Heights Benefit Fashion Show Volume 1 at the Kastle, which will take place at 8 p.m. at the Kastle at 472 West 141st Street in New...
— Feb 18, 2005

Suzy

Moments to remember at the Museum of Modern Art ... Julianne Moore and Jamie Lee Curtis on aging ... Bruce Willis takes the chair.
— Feb 18, 2005

Cavalli's Rodeo Drive Dream

BEVERLY HILLS - For Roberto Cavalli, opening his dream store on Rodeo Drive has been an exercise in patience and determination.

Although it took less than three months to build the 3,016-square-foot, two-level boutique here - a near...
— Feb 18, 2005

Forever 21 Mulls Public Offering

NEW YORK - Forever 21, eyeing a future initial public offering, is banking on Gadzooks as one part of its growth story for Wall Street.

The hot Los Angeles-based retailer targeting women between ages 15 and 50 plans on keeping the...
— Feb 18, 2005

L'Oreal Global Sales Rise

NEW YORK - L'Oréal's 2004 global sales rose 3.6 percent to 14.53 billion euros, or $18.09 billion at average exchange. On a like-for-like basis global sales rose 6.8 percent.

Active cosmetics, the company's smallest...
— Feb 18, 2005

Coty Sets Sail With Nautica License

NEW YORK - Coty Inc. has acquired the global beauty license of Nautica Apparel Inc. and plans to launch a new men's fragrance next spring, while continuing the brand's three existing fragrances.

Bernd Beetz, chief executive...
— Feb 18, 2005

Shania Twain: The Woman in Stetson

NEW YORK - Coty Beauty has invited country/pop signer Shania Twain to "Come On Over" to its bursting portfolio of celebrities. The fragrance company has lassoed Twain's star power in the hopes of reintroducing its Stetson brand...
— Feb 18, 2005

P&G Said Front-runner In Race for D&G Scent

MILAN - The deal for Dolce & Gabbana's fragrance license is reportedly close to being signed.

Procter & Gamble is said to have emerged as the front-runner to challenge Euroitalia for the rights to renew the license, which...
— Feb 18, 2005

Stetson Black to Wrangle Modern Man

Coty Beauty U.S. is giving a cowboy-boot kick to its Stetson franchise in hopes of lifting retail sales to $94 million by 2006 from $55 million in 2004.
— Feb 18, 2005

Simpson's Dessert: Mass Market Treat

NEW YORK - Reality TV star and recording artist Jessica Simpson wants to expand her fan base, for her line of beauty products that is, into the mass beauty market.

Dessert Treats, a younger, less-pricey version of Simpson's...
— Feb 18, 2005

Suave to Open Temporary Salon

NEW YORK - Professional hair care products, for the most part, are found in salons. Which is ostensibly why Suave, a hair care brand sold in the mass channel for a few dollars a bottle, has outfitted a shop along Fifth Avenue into a full-scale...
— Feb 18, 2005

Snippets: Hands On ... Raincheck ... Glamour Power ...

HANDS ON: Pacific World Corp. has acquired Fing'rs, one of its biggest competitors in the artificial nail and nail care category. Pacific World, maker of Nailene and Revlon brands, and Fing'rs, maker of the Fing'rs...
— Feb 18, 2005

The Tops and Flops of '04

The best and worst newsstand sellers of 2004.
— Feb 18, 2005

Memo Pad: Graydon Butts Out ... Marc's Mea Culpa ... All You Can Stomach

GRAYDON BUTTS OUT: Vanity Fair staffers feel like they've been seeing more of editor in chief Graydon Carter than usual these past few weeks and some think they know why: After presiding over a 22 percent drop in...
— Feb 18, 2005

Sears Apparel Line Aimed at Hispanics

NEW YORK - Strengthening its appeal to the Hispanic consumer, Sears, Roebuck & Co. is gearing up a new women's apparel collection in conjunction with Latina, the beauty and lifestyle magazine, according to sources.

Executives at...
— Feb 18, 2005

Times Two

NEW YORK - The second women's fashion issue of T: The New York Times Style Magazine ships with this Sunday's edition of The New York Times with actress Ziyi Zhang on the cover and, inside, a lengthy profile of Karl Lagerfeld by...
— Feb 18, 2005

Gubelmann Sells Stake, Exits Behnaz Sarafpour

NEW YORK - Phoebe Gubelmann, a minority stakeholder in Behnaz Sarafpour, has sold her share and left the company to pursue other interests.

Gubelmann and Sarafpour have worked together on and off for eight years. She assisted Sarafpour at...
— Feb 18, 2005

Cotton Subsidy Talks Suspended in Geneva

WTO trade talks on the effect of cotton subsidies on African nations were suspended after countries objected to a U.S. proposal for a broader scope.
— Feb 18, 2005

President Bush Cites Free Trade As Essential to Economic Growth

President Bush, in his annual economic report to Congress, said free-trade agreements will continue as a key for a healthy U.S. economy.
— Feb 18, 2005

Fashion Scoops: Camilla Gets Dressed ... Coming to America ... Oscar Watch ...

CAMILLA GETS DRESSED: Camilla Parker Bowles has picked Antonia Robinson and Anna Valentine to design her wedding outfit and Philip Treacy to make her hat for the big day, the...
— Feb 18, 2005

Robert Bechtle's Auto Vision

SAN FRANCISCO - It was the antithesis of Abstract Expressionism, but it didn't really Pop.

When photorealism flashed in the pan at Documenta 5 in 1972, fans cheered the return of painting with a capital P and heaped praise on one of...
— Feb 18, 2005

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