01 Jun 2021
Davines enters new era following leadership reshuffle and reports stable 2020 results
BY Megan Whitby
Arnaud Goullin will join hair and skincare brand Davines Group in the role of global skincare division general manager, effective immediately.
Goullin has previous global experience in key roles at LVMH, Shiseido and Estée Lauder groups in Europe, Asia and the Americas, specifically focusing on brand development.
"I’m passionate about brands,” he said, “and with the possibility of creating a true value-driven community that goes even beyond the products.
“Davines’ Comfort Zone and Skin Regimen brands can do this with such authenticity, which deserves to be discovered by many more consumers around the world. It’s an honour for me to be part of this adventure.”
Goullin will join the leadership team as it enters a new era after CEO and managing director Paolo Braguzzi was recently succeeded by Davines North America CEO Anthony Molet.
“Arnaud’s deep knowledge of the beauty industry and his unique global experience is what Comfort Zone needs to get to the next level: evolving towards the development of international markets to conquer new consumers,” remarked Davide Bollati, Davines chair.
“I’m very excited to complete our leadership team with him, and I wish both him and Anthony all the best for this new chapter together.”
According to Davines, the next phase of the company is vital to its global development and this new management team will continue to focus on balancing evolution and growth, while prioritising the group’s core values ethics, beauty, and sustainability.
Following 10 years with 11.9 per cent compound annual growth rate, Davines has reported stable results for 2020, despite the pandemic’s impact on the professional beauty sector.
It closed the year with:
- A €153m (£132.1m, US$186.5m) turnover – only a 6.2 per cent drop from 2019
- A net profit of €14.7m (£12.7m US$17.9m) – 12 per cent more than 2019
- An EBITDA at 19.4 per cent of the revenues
During 2020, Davines also successfully executed strategic positioning goals in its key markets. Today it makes over 78 per cent of its revenues outside of Italy, with North America representing the first market with 35 per cent of the total turnover.
So far in 2021, Davines has closed the first four months with a 33 per cent increase in sales performance compared to 2020 and a 13 per cent increase on the same comparable period of 2019.
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