Along with other luxury brands, Coty celebrated a landmark court win against retailers selling their products on digital retail platforms, meaning companies like Amazon and Ebay will no longer be able to sell relevant products if the brands have chosen...
Luxe Pack Monaco promises luxury brands that they will be able to discover the very latest packaging innovations when it opens its doors tomorrow, with a record number of exhibitors and an educational programme featuring exclusive roundtables.
The announcement of the hiring of former Apple executive, Ian Rogers, as LVMH’s new head of digital confirms the luxury goods multinational is rising to meet the promise of e-retailing in the luxury sector.
As Luxe Pack Monaco closed its doors on October 29, organisers recorded a rise in attendance of 15% from last year - over 400 exhibitors and 8525 visitors.
Market analysts at Bain & Co have stated that 2014 will see growth of the global luxury goods market diminish, calling up weaknesses in Europe, Russia and China as the key reason behind the slowdown.
Despite Chanel’s vast portfolio of luxury goods, it’s the brand’s investment in the cosmetics sector that is coming up trumps, currently accounting for 55% of its annual revenue.
The L’Oréal Group has announced that its Lancome brand president Youcef Nabi has resigned and whilst reports speculate over the reasons, there is no official statement from the cosmetics maker.
British luxury goods brand Burberry has seen a slump in its revenue and profit for the first quarter of the year, following its decision to end the fragrance license agreement with Inter Parfums.
The cosmetic giant has been posting healthy growth in the last two years that contrasts with the state of the global economy, of which it attributes to a portfolio of luxury brands, particulary its 'Made in France' range.
Cosmetics and fragrance are the segments of the luxury market that are seeing the biggest growth and are a key focus in Europe according to top industry executives.
Japan-based cosmetics company Shiseido has announced it will innovate its luxury brand Clé de Peau Beauté with the aim of strengthening its competitiveness in the global high prestige cosmetics market by fusing domestic and overseas marketing.
China has recently overtaken the US as the second largest market for luxury goods and growth is not expected to slow, making it a crucial target for high-end cosmetic players.
The economic crisis meant that 2009 was a struggle for prestige cosmetic players, but financial results show that in the last quarter of the year things started to improve.
Cosmetics and fragrance packaging specialist QSLD Paris has opened
up its second affiliate in Geneva, in a move that aims to grow its
presence on a global basis.
Security threats have already made the headlines this week, but now
it seems that general global political instability is affecting
consumer confidence relating to luxury cosmetic and fragrance
purchases.
With increasing evidence that more and more consumers are plucking
for luxury cosmetic brands on both sides of the Atlantic, a recent
report points out that, despite the twinned growth, the each
markets has very distinct characterteristics,...
YSL Beauté - part of Italian luxury-goods firm Gucci Group - has
reported a drop in sales for the fourth quarter of 2003. As the
Gucci Group records its best ever quarterly revenue results, Beauté
stands out as the division struggling...