Business

Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.

Fiscal 2019 was an outstanding year for Estée Lauder, announced the prestige beauty powerhouse

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      Prestige beauty continues to be one of the most desirable consumer sectors. The Estée Lauder Companies Delivered Outstanding Fiscal Year 2019 Results The Estée Lauder Companies reported outstanding financial results for its fiscal year ended June 30, 2019. Net sales of $14.86 billion increased 9% from $13.68 billion in the prior year. … Read more

G7 and fashion houses join forces to make clothes more sustainable

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Climate crisis pushes retailers to reduce their impact on the environment

In the flesh: how beauty is luring customers back to the high street

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The beauty industry is fighting back against the mass exodus to online retailers – with the kind of exclusivity that can only be experienced in-store

China is Decoding Hennessy

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    Luxury liquor maker Moët Hennessy Diageo China signs new deal with Alibaba. LVMH-owned wine and spirits brand Moët Hennessy and Alibaba Group are teaming up once again to explore more opportunities in new retail. Moët Hennessy Diageo China, a company in high-end wines & spirits business under the globally well-known luxury group LVMH, … Read more

32 global fashion and textile companies have signed a Fashion Pact for G7 meeting at Biarritz

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      Leading players in the fashion and textile sector are joining forces for the first time to launch an unprecedented environmental movement. 32 leading companies from the fashion and textile industry have given themselves a set of shared objectives in the form of a Fashion Pact. The coalition includes groups and brands in … Read more