A report published this month by the advisory services company ranks three color cosmetics, fragrance, and personal care companies in the top ten and includes thought-provoking data on the luxury market both regionally and globally.
The announcement of the hiring of former Apple executive, Ian Rogers, as LVMH’s new head of digital confirms the luxury goods multinational is rising to meet the promise of e-retailing in the luxury sector.
As the holiday approaches fast (Feb 19), various luxury brands are investing in increasing their visibility to fight off the competition. Something, perhaps Chanel isn't too worried about, due to its' popularity with Chinese consumers.
The cosmetic giant has been posting healthy growth in the last two years that contrasts with the state of the global economy, of which it attributes to a portfolio of luxury brands, particulary its 'Made in France' range.
Despite Americans receiving conflicting messages about the state of the economy, a recent Harris Poll EquiTrend study has found various luxury brands to have made gains in brand equity over the past year.
Obscene Jeans Corp (OBJE) is to enter the Chinese beauty market through the acquisition of luxury importer Beijing Beautyfresh International Trade Co, which is a Chinese-government-licenced importer/exporter of luxury goods.
Security threats have already made the headlines this week, but now
it seems that general global political instability is affecting
consumer confidence relating to luxury cosmetic and fragrance
YSL Beauté - part of Italian luxury-goods firm Gucci Group - has
reported a drop in sales for the fourth quarter of 2003. As the
Gucci Group records its best ever quarterly revenue results, Beauté
stands out as the division struggling...