Nicki Minaj is Roberto Cavalli’s New Face
Nicki Minaj is officially the face of Roberto Cavalli’s spring campaign. Shot in Los Angeles by photographer Francesco Carrozzini, the images have a theme of strength. “I chose Nicki Minaj because she embodies the exuberant and modern femininity of the Cavalli woman. In recent years, we have become accustomed to women castigated in clothes that hide their body shapes. With this campaign, I wanted to send a strong countertrend message. I wanted a sensual woman who is aware of her body, who is not afraid to show her curves — rather, she turns them into her strength,” said Roberto Cavalli. The campaign will debut in fashion magazines starting next month.
American Apparel Names Female Chairperson
American Apparel Inc. has named Colleen Brown as their new chairperson, giving women five of the top seven spots at the company. Former co-chairs Allan Mayer and David Danziger will stay on the board. They are the two members of the company that initially made plans to fire founder Dov Charney. “It’s time to focus on the work ahead of us and push this company to reach its full potential. This is a pivotal moment for American Apparel, and I believe the company is poised for a significant turnaround. It will be very rewarding to work with an executive of newly appointed CEO Paula Schneider’s caliber, and I thank Allan and David for their diligent efforts,” said Brown in a statement.
Estée Lauder Aquires Glamglow
The acquisition race between Estée Lauder Cos. Inc. and L’Oréal USA continues. Last week, Lauder purchased indie skin-care brand Glamglow. Terms of the deal were not made public, although industry insiders estimate the purchase price could range from $100 to $125 million. The final payout could be upwards of $200 to $220 million. Glamglow’s retail sales for 2013 are estimated at $90 million. The brand is sold in about 88 countries globally, in around 6,500 stores. Retailers include Sephora, Neiman Marcus, Selfridges, Harvey Nichols and Bloomingdale’s, and Nordstrom will begin carrying the brand in January. This was an extremely smart move, as Glamglow gives Lauder the chance to acquire a lifestyle brand, which won’t cannibalize its other acquisitions.
– Claire Mykrantz
Source: WWD, WSJ