International beauty major The Estée Lauder Companies and French luxury fashion house Balmain have entered into a license agreement to collaboratively develop and launch an inclusive prestige beauty line next year.
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.
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.
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.
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.
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.
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.
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.