In a significant strategic move, Coty Inc. has secured a long-term licensing agreement with Swarovski, the renowned Austrian crystal maker celebrated for its shimmering jewelry and artful home decor. This partnership marks Coty’s latest addition to its growing portfolio of fragrance licenses, which already includes established brands such as Hugo Boss, Tiffany & Co., and […]
This Week: Chanel Under the Microscope
Chanel, the renowned French couture and beauty powerhouse, is the subject of intense scrutiny within the luxury industry. Anticipation is building as the luxury giant is expected to announce a new designer before the Christmas holidays, which adds to the buzz surrounding the brand. However, the reasons for this spotlight extend beyond personnel changes. Historically, […]
Can Mytheresa Keep Its Place at the Top of Luxury E-Commerce in 2025?
In the competitive landscape of luxury e-commerce, Mytheresa stands as a notable player, continually navigating challenges while focusing on profitable growth. As 2025 approaches, the company has set its sights on maintaining and enhancing its leading position amid evolving market conditions and internal strategies. The luxury retail sector has faced significant disruptions in recent times. […]
Hodinkee Names New Editor-in-Chief
Hodinkee, a leading online platform for watch enthusiasts, recently appointed James Stacey as its new editor-in-chief. The decision comes in the wake of the site’s acquisition by Watches of Switzerland Group, signaling a strategic pivot towards revitalizing its editorial vision. Stacey, who has been with Hodinkee since 2017, faces the challenge of reinvigorating the brand’s […]
Luxury’s Pricing Reality Check
The luxury market is facing a significant challenge as recent economic pressures lead luxury brands to reconsider their pricing strategies. This landscape shift is not just a reaction to inflation; it reflects a broader recalibration of consumer expectations in the high-end market. Notably, brands like Mulberry, Burberry, and Capri Holdings are publicly acknowledging the disconnect […]
François Pinault Out of the Global 100 Richest
Francois Pinault, the esteemed founder of Kering SA, has experienced a dramatic decline in his wealth, which has dropped by two-thirds from its peak in August 2021. As of November 2024, he is ranked No. 105 on the Bloomberg Billionaires Index, marking a significant departure from his previous position among the top hundred wealthiest individuals […]
The Business of Beauty Haul of Fame: The Next Status Bag Is for Your Makeup
Sales of “beauty bags” are booming. Is it Carrie Bradshaw’s fault? In an era where celebrity influence shapes consumer behavior, the rise of designer makeup cases as a status symbol can be traced back to iconic media figures like Sarah Jessica Parker. Often seen clutching the luxurious Louis Vuitton Pochette, the traditional makeup pouch has […]
Clean Skin Club’s Face Towel Raises $32 Million
In a significant move within the skincare sector, Clean Skin Club has secured $32 million in funding to propel its growth and expansion in retail. Led by Astō Consumer Partners, along with California-based Amberstone Ventures, this investment marks a pivotal moment for the brand, particularly following its successful entry into major retail outlets like Target. […]
Kering’s Balenciaga CEO Charbit Set to Lead Yves Saint Laurent
Kering SA, the luxury fashion powerhouse, is reportedly considering Cedric Charbit, the current CEO of Balenciaga, as the next leader of Yves Saint Laurent. The anticipated transition comes in the wake of Francesca Bellettini, the incumbent CEO, stepping into a more prominent role within the struggling French fashion conglomerate in 2023. This strategic move is […]
Louis Vuitton Opens Temporary NYC Flagship Store
Louis Vuitton has recently unveiled a stunning temporary flagship store on Fifth Avenue in New York City, marking a pivotal moment for the luxury brand during a three-year renovation of its original flagship location. This five-story retail space stands as an impressive replacement, featuring a unique blend of luxury retail, gastronomy, and exclusive shopping experiences. […]