Luxury

‘Strong progress’: Coty China prestige beauty grows ‘six times faster’ than the market

22-Feb-2022 By Amanda Lim

Beauty and fragrance manufacturer Coty reports that the growth of its prestige beauty business in China is outstripping the market, with the firm predicting that the luxury sector, in particular, is ripe for future growth.

Prestige heritage: LVMH acquires ‘unique’ French brand Buly 1803

06-Oct-2021 By Kacey Culliney

The LVMH Group has acquired French fragrance and cosmetics company Officine Universelle Buly 1803, citing the strong philosophy match would see global growth flourish.

L’Oréal Prada tie-up to create ‘code-disrupting’ global beauty brand: Exec

23-Sep-2021 By Kacey Culliney

Beauty major L’Oréal and luxury fashion house Prada are driving international noise around their first fragrance launch – an innovation that marks the first of many designed to build out a highly competitive global beauty brand, an executive says.

Skin care sanctuary: La Prairie to offer more personalised experiences with first standalone flagship in SEA

06-Sep-2021 By Amanda Lim

Swiss luxury skincare brand La Prairie has launched its first standalone flagship store in South East Asia, which it believes will help the brand to meet the increasing demand for a more personalised experience for its high-end clientele.

POLA pay off: ‘Super prestige’ brand’s 129% growth guides Pola Orbis to recovery

04-Aug-2021 By Amanda Lim

Japanese cosmetics company Pola Orbis Holdings has rebounded on the back of high-end flagship POLA, which posted remarkable operating profit growth of 129.2% in the first half of FY2021.

Bouncing back: Strong demand for luxury beauty drives Amorepacific’s COVID-19 recovery

02-Aug-2021 By Amanda Lim

The demand for luxury beauty brands such as Sulwhasoo has helped to drive cosmetic firm Amorepacific’s recovery domestically and in overseas markets including China and Europe.

Online opportunity: Kao aiming to strengthen ‘super prestige brand’ SENSAI in key markets

04-May-2021 By Amanda Lim

Kao Corporation is working to reinforce the online presence of its high-end beauty brand SENSAI in key markets such as Japan, China and Europe, in order to strengthen its position in the prestige skin care market.

Pure gold: French-Australian indie brand La Fervance debuts clean beauty face mask

24-Jul-2020 By Kacey Culliney

Indie brand La Fervance has developed its first clean skin care product – a gold dust-infused facial mask targeting the luxury beauty market that it wants to take global.

Puig-Charlotte Tilbury acquisition: ‘It’s an interesting choice’ but ‘totally makes sense’

08-Jun-2020 By Kacey Culliney

Spanish fashion and fragrance firm Puig will acquire a majority stake in Charlotte Tilbury – an interesting move given rumoured competition from Unilever, though one that makes a lot of sense given company strategies, according to market experts.

A bite for beauty? Global luxury goods to decline 18% in 2020 amid COVID-19

20-May-2020 By Kacey Culliney

The global luxury goods market will shrink dramatically in the face of the ongoing coronavirus (COVID-19) crisis, with significant downgrades expected in Switzerland, Germany, Italy and France, says Euromonitor International.

Fashion friends: L'Oréal announces Prada tie-up for 2021 luxury beauty line launch

12-Dec-2019 By Kacey Culliney

Global beauty major L'Oréal has signed a long-term license agreement with high-end Italian fashion house Prada to develop a luxury beauty line it says will be an ‘ideal complement’ to its Luxe brands.

True price of luxury? Tech start-up launches program to track real-time cosmetic and fragrance sales

29-Oct-2019 By Kacey Culliney

Amsterdam-headquartered tech start-up Suburbia has developed a program that tracks sales of luxury cosmetics and fragrances, enabling investors to predict brand performance.

Firmenich: Ultra-natural ‘revolution’ in fine fragrance 2-5 years off

06-Aug-2019 By Kacey Culliney

Ultra-natural has taken hold across several beauty and personal care categories and fine fragrance will eventually make its mark with the right innovation and transparency focus, says a Firmenich executive.