Kose to Purchase Tarte Cosmetics
Japanese company Kose Corp. has announced it plans to buy a 93.5 percent stake in Tarte Cosmetics for $135 million. Kose is buying out Encore Consumer Capital‘s entire stake and most of founder Maureen Kelly‘s shares in the beauty company. Tarte’s current management will remain intact. The company is one of the fastest expanding cosmetics brands in the US, growing around 30 percent annually.
Sofia Vergara ‘s New Fragrance
“Modern Family” star Sofia Vergara now has her own perfume, called Sofía by Sofía Vergara. The actress has signed a strategic partnership with the fragrance company Parlux Ltd. and packaging brand Maesa to keep creative control over her fragrance products. The perfume will be available for purchase on April 24th on HSN. Vergara also has products and spokeswoman roles at Kmart, Cover Girl, Rooms to Go, and Head & Shoulders. “I wanted to make sure it was a great product and that I was going with the right people. I usually don’t like getting into things where I don’t have a say. I just don’t want to give them my name and say, ‘Do whatever you want.’ I am trying to create my brand,” Vergara said.
André Leon Talley Leaving Numéro Russia
André Leon Talley has resigned from his job as the editor of Numéro Russia after just one year. Talley has said his decision to quit had to do with Russia’s stance on homosexuality, not the magazine. However, there are also issues involving Talley’s delayed salary payment and last minute changes to the cover of the magazine when the editor collaborated with Tom Ford. The duo had to scramble to make changes that would pass Russia’s anti-gay policy. Talley is satisfied with the 13 covers he’s produced for Numéro and says he had some “great times.” He is still a contributing editor at Vogue and he’s the artistic director of Zappos Couture.
Source: WWD, WSJ
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