Christian Louboutin Selling Nail Polish
Christian Louboutin is entering the beauty business with a line of nail polishes in tall, spiky bottles. The shoe designer will reportedly offer more beauty products in the future, but for now the polish is available at the Saks Fifth Avenue flagship in New York and the 15 Louboutin boutiques in the US. On August 6th, the line will be available at all other Saks stores as well as Neiman Marcus, Bergdorf Goodman, Nordstrom and Sephora. Louboutin said he will add new polish colors to accompany each new collection of shoes he designs. The nail polish retails at $50 per bottle.
Major Moves at Condé Nast
Chief executive Charles H. Townsend revealed several major management changes in a memo to Condé Nast staffers Wednesday, including the expansion of responsibilities of Robert A. Sauerberg Jr., president of Condé Nast. According to the memo, Sauerberg “will assume a leading role in a all revenue generation activities, including taking direct responsibility for the Condé Nast Media Group, as well as brand revenue growth.” This will expand his areas of responsibility beyond the management of digital, technology, consumer marketing, business development, corporate administration and Condé Nast Entertainment. Lou Cona, chief revenue officer and president of Condé Nast Media Group, will report to Sauerberg.
Additional news is Tom Wallace, editorial director, is departing the company and artistic director Anna Wintour will serve as the company’s key editorial point person with Condé’s business management. John Bellando, chief operating officer and chief financial officer, is also leaving after 15 years of service and David Geithner, from Time, Inc. will join Condé Nast as chief financial officer, beginning Aug. 17
Butter London Gets Investor
Encore Consumer Capital has invested in beauty brand Butter London. The investment will help to grow Butter London’s product development and allow the brand to develop a full range of color cosmetics. Sales are expected to increase and new hires will be made to the marketing and field sales teams. Encore also has a stake in MyChelle Dermaceuticals, and previously had one in Tarte.
Source: WWD, WSJ
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Tags: Anna Wintour, beauty, Butter London, Charles H. Townsend, Christian Louboutin, Claire Mykrantz, CondÃ© Nast entertainment, Conde Nast, Condé Nast Media Group, Encore Consumer Capital, Kate Moss, Kate Moss for Stella McCartney, Louboutin Nail Polish, nail polish, Robert A. Sauerberg Jr., Stella McCartney