In a significant shift within the luxury beauty market, Italian fragrance powerhouse Euroitalia has successfully purchased the beauty rights of the famed Moschino brand from Aeffe for €98 million (approximately $110 million). This acquisition, announced on September 26, 2024, marks a pivotal moment for both parties involved, especially given Aeffe’s ongoing challenges with sales and […]
Hong Kong Billionaire’s Mall to Expand Luxury Space With LVMH, Prada
In the heart of Hong Kong’s Tsim Sha Tsui district, the K11 Musea mall, owned by billionaire Henry Cheng’s New World Development Co., is making significant strides in luxury retail. Amidst fluctuating economic conditions and a struggling property market, this bold investment reflects a renewed confidence in the premium segment of retail, aiming to draw […]
Chanel Buys 42 Avenue Montaigne Amid Real Estate Arms Race
In a strategic move reflecting the intense competition in the luxury retail sector, Chanel has expanded its presence on the revered Avenue Montaigne in Paris by acquiring a new property. The French fashion powerhouse purchased the building at 42 Avenue Montaigne, a prime location that solidifies its foothold in one of the world’s most prestigious […]
Hermès Stock Defensive Trade to Counter Luxury Slowdown, Exane Says
In a landscape where many luxury brands are struggling, Hermès International has emerged as a beacon of resilience, prompting analysts at BNP Paribas Exane to upgrade the luxury goods maker’s stock to an “outperform” rating. This upgrade not only reflects confidence in Hermès’s robust business model but also positions it as a defensive trade option […]
Burberry’s New CEO Pledges He Won’t Take Brand Down Market
In a bold statement aimed at both customers and critics, Joshua Schulman, the newly appointed CEO of Burberry, has confirmed his commitment to preserving the brand’s premium status. Following his recent debut at London Fashion Week, Schulman asserted that lowering Burberry’s market position is not an option; instead, he intends to refine the brand’s pricing […]
This Week: Burberry, Gucci and the Federal Reserve Could Surprise Us
This week brings a mix of anticipated fashion showcases and high-stakes economic decisions, with prominent brands like Burberry and Gucci under scrutiny while the Federal Reserve signals potential changes in interest rates. As Burberry prepares for a pivotal show in London, and Gucci reflects on its recent struggles, all eyes will also be on the […]
A Deodorant Brand Bets on The “Aesop Effect”
In an intriguing twist for the personal care market, Daniel Bense, a veteran of the renowned Australian skincare brand Aesop, is launching a new deodorant line named To My Ships on September 26. Priced at £35 ($46), this deodorant aims to entice consumers to invest in a product that breaks away from conventional drugstore offerings […]
Sephora North America Appoints New Chief Financial Officer
In a strategic move reflecting its commitment to leadership succession, Sephora North America has announced the appointment of Delphine Herve as the new Chief Financial Officer (CFO), effective April 2025. Herve will take over from Christophe Le Boterff, who, after eight years in the role, plans to retire. Delphine Herve has been an integral part […]
Mazarine Group Acquires Event Producer Arter
The Mazarine Group, a prominent player in the fashion and art communication sector led by Paul-Emmanuel Reiffers, is making significant moves in the industry by acquiring Arter, a specialized events production company. Founded in 2004 by Renaud Sabari, Arter has made a name for itself by organizing high-profile events for renowned clients such as Chanel, […]
Chanel Appoints Simona Cattaneo as Fragrance and Beauty President
In a significant leadership transition, Chanel has announced the appointment of Simona Cattaneo as the new president of its fragrance and beauty division. This change will take effect in October 2024, marking a new chapter for the prestigious brand as it looks to innovate and expand in a competitive market. Cattaneo arrives at Chanel with […]