L’Oreal USA Buys Clarisonic
L’Oréal USA has signed a merger agreement to acquire Pacific Bioscience Laboratories, the manufacturer and marketer of the Clarisonic series of electronic beauty devices, one of the hottest brands on the market. “This is a strategic acquisition for L’Oréal,” said Frédéric Rozé, president and chief executive officer of L’Oréal USA. “Devices are rapidly emerging globally as an important new skin care category. Clarisonic is successful and the fastest-growing premium brand in this segment.” While declining to discuss the purchase price or company sales, industry sources estimated that Clarisonic generated retail sales of more than $100 million in 2010.
The deal is subject to the approval of Pacific Bioscience Laboratories’ shareholders and other conditions, and is expected to close in late December. According to L’Oréal USA, it has received key shareholder commitments to vote in favor of the acquisition, including from Rosewood Capital and David Giuliani, ceo and co-founder of Pacific Bioscience Laboratories. Clarisonic’s management team has committed to transition with the company to maintain continuity.
Ideeli’s Search for the Best Kid
Do you know a baby that could be a model? Then you should enter your child (or hopefully you’re related in some way and it’s not just a random child) into the ideeli’s “Next Top Mini” kids model search. Ideeli is currently looking for a boy or girl between 0-12 to be featured in an upcoming sale. The winning kid and his or her parent will be flown to New York for a photoshoot and enjoy a wealth of fun, kid-themed NYC activities. Enter from NOW until November 23rd on the ideeli Facebook page and get your friends to vote on your little rising fashion star!
West Hollywood Endorses Fur Ban
West Hollywood’s leaders voted to approve on Tuesday a first-in-the-nation ban on the sale of fur clothing within city limits. The five-member City Council of the tiny, tony municipality wedged between Beverly Hills and Hollywood voted 3-to-1 with one abstention to endorse the ordinance, which would take effect in 2013, said City Councilman John Heilman, who voted “no.”
“We made history. We’re the first place in the world, I believe, certainly the country, to take that step and ban fur,” said Ed Buck, an organizer of the local group Fur Free WeHo. As passed by the council the measure would outlaw the sale of any garment made “in whole or part from the pelt or skin of an animal with its hair, wool or fur.”The ordinance cites as explicit examples furs made from a fox, mink, rabbit, bear, seal or chinchilla. Clothing made from wool sheared from sheep is not affected by the ban, nor is furniture or leather goods.The council also adopted an exemption for “vintage” garments containing fur.
The effective date of the measure was pushed back to September 21, 2013, from June 30, 2012, as originally proposed, in part because city officials want to conduct their own study on how the ordinance will affect businesses, Heilman said.
– Taneisha Jordan
Source: Reuters; WWD
Tags: "Next Top Mini", Beverly Hills, Clarisonic, Ed Buck, Fashion Headlines, fur ban, Fur Free WeHo, ideeli, John Heilman, kids model search, Lâ€™OrÃ©al USA, Pacific Bioscience Laboratories, West Hollywood