In a strategic move that highlights the growing trend of global consolidation within the beauty industry, Japanese beauty giant Kosé has officially acquired the Thai luxury brand Pañpuri. Announced on December 10, 2024, this acquisition marks a significant milestone for both companies, paving the way for Pañpuri to expand its footprint in international markets. Pañpuri […]
Net-a-Porter Shifts Beauty to Affiliate Model
In a significant strategic pivot, luxury online retailer Net-a-Porter has announced a shift in its beauty operations toward an affiliate model, a move signaling both adaptation and innovation in the e-commerce landscape. This transition, set to take effect in 2025, brings about a marked change from direct sales to a model where products will be […]
Puig Reports 26% Drop in Profit on IPO Costs
In a significant development for the luxury beauty and fashion sector, Puig, the Barcelona-based company known for its prestigious perfume brands such as Rabanne, Carolina Herrera, and Jean Paul Gaultier, reported a striking 26% decline in net profit for the first half of the year following its initial public offering (IPO) in May. The results, […]