L’Oréal Group announced it accelerates growth in the fourth quarter, reinforces its market shares, and preserves its profitability at 18.6%. In 2020, the Covid-19 pandemic triggered a crisis of supply due to the widespread closure of points of sale which led to an unprecedented, if temporary, decline of the beauty market. “Throughout the … Read more
Diamond industry suffered during the Covid-19 crisis but fared better than the personal luxury market overall. Report Diamond industry poised for rebound in 2021. Lockdowns, travel restrictions and economic uncertainty pushed diamond jewelry sales down by 15 percent in 2020 with most of the decline happening in the first and second quarters. But … Read more
Hublot, Zenith and Loro Piana express confidence in the Japanese market new flagships in Tokyo’s Ginza district. The almost simultaneous opening of the three Hublot, Zenith and Loro Piana flagships invites the question of why such an attraction for Japan? The Land of the Rising Sun is the world’s biggest market for … Read more
Rainbows are a meteorological and optical phenomenon and have inspired, mystified and awed people across the world for thousands of years. This natural occurrence never fails to lift a heart and cause people to pause in wonder. Various conditions need to be in place for a rainbow to occur and for it to be … Read more
The industry has been taken apart at the seams. Is this the end of lavish shows and packed front rows?
Italian label cuts shows from five to two each year and declares fashion calendar obsolete