Target unveils new Sonia Kashuk beauty for spring 2014
MINNEAPOLIS — Target is gearing up for spring with the launch of new Sonia Kashuk makeup, beauty tools and cosmetic bags available exclusively at Target beginning in March.
This season, the makeup artist, who has had a creative partnership with Target since 1999, is bringing to her collection new formulas for flawless skin, luxe metallic shadows and bold brights for lips and cheeks. New eye and facial makeup includes:
- Chic Luminosity Glow Powder ($12.99);
- Undetectable Loose Powder ($9.99);
- Undetectable Pressed Powder ($9.99);
- Dewy Luxe Lip & Cheek Balm ($9.99);
- Liquid Line Precision Marker ($8.99); and
- Pearlescence Longwear Crème Shadow ($8.99).
Also new to the collection is a Brush Couture Five-Piece Brush Set ($16.99), Brush Couture Four-Piece Brush Set ($12.99) and Brush Couture Kabuki Brush ($12.99).
Also available exclusively at Target beginning in March is a collection of new travel and makeup bags. Kashuk drew inspiration from the season’s hottest hues and trend-driven prints for her latest line of bags, which come in an array of shapes of sizes. The collection features such details as clear removable compartments for easy organization and access, separate makeup brush pockets with a flap to protect bristles and a hanging hook on the Valet.
For spring, Kashuk also has developed a limited-edition collection of beauty tools and accessories in a black and white floral print. Items in the limited edition collection include a Make a Face Brush Set ($24.99), Gold Standard Vanity Tray ($12.99) and Completely Compact Brush (14.99).
Coty Beauty U.S. appoints SVP sales
NEW YORK — Coty has announced that Brian Falcone will serve as SVP sales, overseeing all sales activities for Coty Beauty U.S. mass brands.
Falcone will be responsible for field sales, customer marketing, category management, wall strategy and fixture planning.
Falcone joins Coty after a 23-year career at Johnson & Johnson, where he most recently served as VP customer development for their Target business. Prior to that, he held several key sales leadership roles at J&J, including VP sales strategy for the consumer group; VP sales strategy for the global beauty business unit; national sales director for food, drug and mass; director of sales for Walmart; and multiple trade marketing and sales manager roles.
He will be based in New York and will report directly to George Cleary, president of Coty Beauty Americas.
Helen of Troy names new CEO
EL PASO, Texas — Helen of Troy, whose personal care portfolio includes Pert, Brut and Bed Head, has appointed Julien Mininberg, as CEO, effective March 1, the beginning of the company’s new fiscal year.
Mininberg, who currently serves as CEO and president of Helen of Troy’s Healthcare/Home Environment segment (Kaz and PUR), will succeed Gerald Rubin, who is stepping down as CEO and president and resigning from the board, effective immediately, to serve as CEO of River Oaks Properties Ltd., an El Paso commercial real estate firms.
Thomas Benson, SVP and CFO, will serve as interim CEO until Mininberg assumes his new role.
The board also announced that it has decided to separate the roles of chairman and CEO. Effective immediately, the board has appointed Timothy Meeker, an independent director, to succeed Rubin as chairman. The board intends to nominate Mininberg as a director to stand for election at the company’s 2014 annual meeting.
As a result of the CEO change, the company expects to record a charge of approximately $16.3 million (after giving effect to taxes), or 50 cents per fully diluted share, in the fourth quarter of fiscal year 2014 ending February 28, 2014, which reflects payments required under Rubin’s employment agreement. The company expects to realize net savings in CEO compensation in fiscal year 2015 of approximately $30 million (after giving effect to taxes), or 92 cents per fully diluted share, which is net of the new CEO’s target compensation expense.
Mininberg has been with Kaz since 2006, becoming president in 2007 and CEO in 2010. Before joining Kaz, Mininberg spent 15 years at Procter & Gamble, where he spent four years in general management and 11 years in marketing. His P&G career was split evenly between the United States and Latin America: in the United States, he focused on marketing as brand manager in P&G’s Healthcare division; in Latin America, he was marketing director for the company’s cleaning products division and later managed all of P&G’s business in Central America.