Richemont is building a Laboratoire de Haute Parfumerie and Kering is taking beauty in-house. Building a business in this industry isn’t easy, and there is no one-size-fits-all approach. There are four main reasons why beauty is a lure today: growth, resilience, desirability, and margins.
Fragrance and cosmetics are a big, fast-developing business, with the category generating sales last year of approximately $430 billion. Whereas the fashion business, with its discretionary categories, has become more difficult, beauty is part of a daily routine, and people will keep buying beauty.
In addition to its frequency of use, beauty has a high perceived value. Despite difficult economic times, people continue to buy it because they are pleased with the value. As with handbags, beauty’s margins are among the highest in luxury.
Kering seems to be tearing a page out of the LVMH playbook by creating multiple avenues into the brands, and potentially spreading their marketing budgets across all the fragrance brands. Funny NO? Who will Kering include in its basket of perfumes?
One of Thailand’s leading world-class hotels has redefined its game-changing properties and co-created spaces with retailers to reinforce its leadership in the luxury market. For today’s luxury businesses, people of all ages and walks of life must be able to indulge in many forms of indulgence.
Earlier this week, Meta and Christian Louboutin filed a lawsuit against a Mexican individual accused of running a counterfeiting operation.
The reality TV star turned into a businesswoman has been selected in GQ magazine’s prestigious “Tycoon of the Year” category.
The Fashion brands accounted for more than 40 percent of retail floor space leased across Europe. Other brands fast opening doors across the region include the French down-jacket retailer JOTT (Just Over the Top) and the U.S. sportswear retailer Lids.
Thirty years after starting her company, Anne Fontaine was understandably reflective before Thursday night’s launch party for her Madison Avenue store.
Jörg Gerold Bucherer, the chairman and third generation of the now Rolex-owned watch and jewelry retailer Bucherer, died on Monday 
Last night, the fashion industry’s power players and their celebrity guests mingled to celebrate the honorees and winners of the 2023 CFDA Fashion Awards. Among the VIP guests were Serena Williams, Kim Kardashian, Gwyneth Paltrow, Anne Hathaway, Demi Moore, and many others…
Artificial Intelligence does not stop its expansion, and in fashion, the word intelligence is certainly badly used: creation of images, writing of texts, generation of music… This is a simple reuse of existing or real artistic creations. The question divides the profession and raises questions about the future of creators who are now in dire straits.
Tapestry, Inc. is an American multinational luxury fashion holding company. It is based in New York City and is the parent company of three major brands.
Zara parent company Inditex has committed to purchasing €70 million worth of textile-to-textile recycled polyester material from Ambercycle. By launching items 50% made with the Zara Athleticz range, the brand’s technical sportswear range for men is saving the planet.
According to Kering’s third quarter sales figures, the group’s turnover fell by 13% at published exchange rates and by 9% on an underlying basis, to 4.46 billion euros.
Montblanc’s CEO since 2016 Nicolas Baretzki will leave the Hamburg luxury house. He has had a turbulent tenure at Montblanc, part of Swiss luxury group Compagnie Financière Richemont, parent company of Cartier, Van Cleef & Arpels, Jaeger-LeCoultre, Chloé, and Dunhill.
Calvin Klein has named Eva Vidal Dans as chief product officer she succeeds Jacob Jordan who had been global chief merchant and product strategist since October, 2020, and left in May.