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
The role of personal shopper has evolved hugely in recent years. They will anticipate luxury customers’ ever-changing luxury needs and solve their wardrobe dilemmas before they even arise. According to Alison Loehnis, President, Luxury Division, YOOX NET-A-PORTER GROUP, the personal shopper becomes part of the EIP’s (Extremely Important People) daily lives. YOOX NET-A-PORTER … Read more
Coty is expanding its presence in luxury cosmetics and the global position in luxury fragrances with a new acquisition. Coty enters strategic partnership with Burberry, acquiring exclusive long-term license rights for Burberry Beauty Luxury Fragrances and Cosmetics. This week, Burberry announced the new Mr. Burberry Eau de Parfum. An intense interpretation of the original fragrance, … Read more
PPR luxury group third-quarter 2012 revenue PPR continue to boast strong performances even as growth cools in the luxury and high-end market PPR posted third-quarter 2012 revenue of €2.6 billion, up 6.6% versus the same 2011 period on a comparable basis. PPR’s Luxury division posted an 11.9% leap in revenue in the third quarter of the … Read more
Nokia in talks to sell luxury Vertu unit-source Last December, Nokia, once the world’s dominant mobile phone provider, unveiled its plans to dispose of “non-core assets” and signalled its intention to sell the luxury arm Vertu. The cellphone maker talks with private equity group Permira were at an advanced stage on a possible sale which … Read more
Strong Q1 sales growth for French luxury group PPR • Group sales up 8% comparable, +15% reported • Luxury division: +18% comparable, +29% reported • Sport & Lifestyle division: +3% comparable, +15% reported In the first quarter of 2012, PPR posted €3.3 billion in revenue from continuing operations, up 7.9% on a comparable basis and … Read more