Bare Escentuals names Kristina Leslie to its board
SAN FRANCISCO Bare Escentuals, a maker of mineral-based makeup, has appointed former DreamWorks Animation SKG chief financial officer Kristina Leslie as an independent member of its board, bringing to nine the number of directors.
Leslie, who brings more than 15 years of private and public company strategic and management experience, worked for DreamWorks Animation SKG from its IPO in October 2004 through February 2007. Before that, she served in the same capacity at DreamWorks Studios SKG since the fall of 2003 and oversaw the corporate finance and strategic planning functions for the company since 1996. Prior to joining DreamWorks, she was director of financial planning at Viacom following its acquisition of Paramount Communications.
In addition, the company reiterated its previously issued fiscal 2007 diluted earnings per share guidance of a range of 89 cents to 94 cents on about 93.2 million shares outstanding and its fiscal 2008 diluted earnings per share guidance of a range of $1.13 to $1.18.
L’Oreal announces launch of philanthropic foundation
PARIS Beauty giant L’Oreal has launched its corporate foundation, the company’s chairman recently announced.
The L’Oreal Corporate Foundation, which emphasizes three key causes, is set to consider realistic ways to give back to the public, the foundation’s chief executive officer, Beatrice Dautresme, said last month. By encouraging education, promoting scientific research, and helping those in need, L’Oreal chairman Sir Lindsay Owen-Jones said, the company’s philanthropic efforts have reached a new milestone.
“It [the foundation] is an additional step in our determination to look beyond our economic success towards a broader notion of social responsibility,” Owen-Jones said.
Some of the efforts include collaborations with such groups as Hairdressers Against AIDS, The “Meaning of Beauty” program and “Look Good, Feel Better,” all of which fulfill the company’s three causes.
Inter Parfums to develop Brooks Brothers line of products
NEW YORK Clothier Brooks Brothers has taken on a beauty partner to supply a line of personal care products for men and women in its stores.
Inter Parfums entered into an exclusive agreement with the retailer, and will design, manufacture and supply personal care products for men and women, which will be sold at Brooks Brothers locations in the United States. Additionally, the fragrance company also signed a licensing agreement covering Brooks Brothers stores and specialty and department stores outside the United States, including duty free and other travel-related retailers.
In addition to new product development, Inter Parfums will assume responsibility for the production and supply of existing Brooks Brothers fragrance and related personal care products.
“We are extremely honored by this new association with Brooks Brothers, an American icon since 1818 and an enduring name that has shaped the American style of dress through fashion innovation, fine quality, and personal service,” said Jean Madar, Inter Parfums’ chief executive officer. “Our in-house team of designers will draw upon the Brooks Brothers heritage as they develop classic yet modern personal care products and collections for men and women.”
In the United States, Inter Parfums will be responsible for product development, formula creation, packaging design and manufacturing while Brooks Brothers will be responsible for marketing, advertising and in-store sales.
The first new products to be developed by Inter Parfums are tentatively scheduled for launch in November 2008 at Brooks Brothers retail stores in the United States.
International distribution is expected to begin in 2009.