Clarisonic Acquisition Will Boost L’Oreal’s Innovation Capacity in Cosmetic Devices L’Oréal announced the acquisition of Pacific Bioscience Laboratories, the market leader in the rapidly growing area of sonic skin care devices. The move gives L’Oréal access to patented sonic skin care technology enabling the company to acquire strategic positions in the quickly emerging skin care … Read more
The first Burberry store in Bucharest to open in March 2012 The first Burberry store in Romania and the largest in South-Eastern Europe will open in Bucharest on March 2012. Situated on Luterana street, the 440 square meters space was chosen including for the possibility of a 1,000 meters facade. The largest Burberry store in … Read more
Online Shopping Grows Slowly in Brazil Brazil has clearly embraced the online universe, with one in every three people having access to the Internet. But that figure is not translating into online luxury sales for social and economic reasons. “The market is still very much on the initial phase of development,” says Carlos Ferreirinha, the … Read more
The rise in grape prices from the Champagne region’s 2011 harvest will be unavoidably passed on to the consumer. Champagne is expected to go up in price in the New Year as grape prices increase in the French region. Although Champagne is currently being heavily discounted by supermarkets fighting for market share, the rise in … Read more
Missoni would like to follow its successful Target collaboration with another lower-cost line, this time on an international scale. The collaboration line with Target was so popular that it sold out almost immediately from retailers across America, with the online store going into meltdown. In an interview published in The Los Angeles Times, Margherita Missoni … Read more
Karl Lagerfeld, creative director of both Chanel and Fendi, has signed up to design a new range called ‘Karl’. Set to launch in January next year, the rock’n’roll-inspired collection will be priced a million miles from the exorbitant sums seen on Chanel price tags – items such as biker jackets, sweatshirts, shirts and dresses will … Read more