Coty Shares its Love for Katy Perry
Coty Inc. is about to start living the teenage dream with pop superstar Katy Perry. The beauty firm, which is gearing up for an initial public offering next year, inked a deal to develop a line of signature fragrances with Perry. Coty will also begin distributing the singer’s existing fragrances, Purr and Meow.
Renato Semerari, president of Coty Beauty, said Perry’s approach to life would inspire “innovative new scents and allow us to explore new avenues of scent creation.” Coty has annual revenues of $4.6 billion and sells beauty products tied to a slate of brands, including Calvin Klein, Chloe, Marc Jacobs and Playboy.
Bazaar and Hermes Teams for Sale
Hermès clings to exclusivity the way a monarch clings to power, which makes the French luxury brand’s debut Thursday on ShopBazaar.com, Harper’s Bazaar’s e-commerce site, unusual — not that a magazine selling product on its Web site isn’t unusual enough. For the first time, Hermès will sell its products on a Web site other than its own. Six Hermès shoe styles will be featured on ShopBazaar.com and The Bazaar Book, a monthly digital magalogue. Hermès has dabbled with footwear on its site, but “it hasn’t been a broad offering,” said Robert Chavez, president and chief executive officer of Hermès USA. “We thought it would be great to expand the introduction of Hermès footwear to Bazaar’s audience.
Hermès shoes will be featured editorially in the magazine with a letter “B,” indicating they’re for sale on ShopBazaar.com. “To have that kind of endorsement” is priceless,” said Chavez. The assortment of high heels, flats, wedges and espadrilles ranges in price from $600 to $1,600. “We think many people will be discovering them for the first time,” Chavez said. “They didn’t realize Hermès made shoes. We planned in advance and bought a lot of depth into the six styles that are featured.”
Bazaar editor in chief Glenda Bailey said, “Hermès’ resort [shoe] collection is a real preview of what we’ll be seeing in spring. We’re offering readers the unique opportunity to buy now.” If all goes well, “we’ll continue to work on exclusives and partnerships,” said Carol Smith, publisher and chief revenue officer of Bazaar.
Could Kane Move to PPR?
Could PPR, the French parent of fashion houses including Stella McCartney and Alexander McQueen, be looking to invest in more London-based design talent? According to sources, PPR has held discussions with Christopher Kane about financial backing for the fledgling firm. The likelihood of a deal could not be learned, and spokesmen for PPR and Kane declined comment.
Earlier this month, the trendy Scottish designer squelched online speculation he was about to become the new creative director of Balenciaga, also controlled by PPR. Kane had described the rumors he would succeed Nicolas Ghesquière as “unfounded.”
– Taneisha Jordan
Sources: WWD; Telgraph