Alan Meyers to become chief science officer at Revlon
NEW YORK Revlon has appointed Alan Meyers EVP and chief science officer, effective Jan. 1, 2010.
Meyers will succeed Neil Scancarella, who has served as Revlon’s chief science officer since January 2000. Scancarella will retire in December of this year.
Meyers has spent his career in cosmetics research and development positions of increasing scope and responsibility with Avon, Elizabeth Arden and L’Oreal USA. Most recently, he served as SVP research development and consumer affairs for L’Oreal USA.
“We would like to thank Neil Scancarella for his excellent leadership and success as head of our research and development organization and wish him well in his retirement,” stated David Kennedy, Revlon president, CEO. “We are thrilled that Alan Meyers will be joining us as head of our research and development organization. We are confident that Alan’s expertise, strong background and broad experience will continue to strengthen and build Revlon?s important research and development and product development activities.”
Procter & Gamble expands partnership with Dolce & Gabbana
CINCINNATI Procter & Gamble is expanding its partnership with high-end fashion house Dolce & Gabbana by entering the upscale cosmetics market.
According to a Wall Street Journal report, designers Domenico Dolce and Stefano Gabbana will launch in April the line of luxury cosmetics at Saks Fifth Avenue. The collection includes $59 foundation, $30 lipstick and $44 rouge in gold-tone packaging. Furthermore, the lipstick will have a light rose scent with a tube that “clicks, like an antique box,” when it is closed, Gabbana told the WSJ.
While cosmetics are a way for the fashion house, which has 15 U.S. boutiques, to reach a broad audience, the move will also help P&G showcase its Dolce & Gabbana fragrances. The two entities teamed up three years ago to produce fragrances.
According to the report, P&G officials have stated that Dolce & Gabbana’s fragrances gained market share last year as U.S. fragrance sales fell overall 6% to $2.68 billion, according to market researcher NPD Group. P&G says Dolce & Gabbana fragrance sales have tripled in the last three years. In 2008, the brand became one of the top-three highest selling fragrances in the United States, according to the company.
Physicians Formula board member Brown to resign
AZUSA, Calif. Physicians Formula board member Sonya Brown will resign from the board of directors on April 24, according to a filing with the Securities and Exchange Commission.
Brown’s decision is not the result of any disagreement with the company or any matter relating to the company’s operation, policies or practices, the filing stated. The nominating and corporate governance committee is proceeding with plans to recruit a successor to Brown.
In separate company news, the beauty company has postponed its fourth quarter and fiscal year 2008 earnings release and conference call originally scheduled for March 9. The company stated that it postponed its earnings release and conference call in order to complete remaining items in connection with its completion of its year-end financial reporting process.
The company will announce a new date and time for the release, which is expected by the end of March.