Chanel has built one of the world’s most valuable luxury brands in part by maintaining strict control over the way its products are distributed. The French giant’s most coveted handbags never go on sale and can’t be bought online. Its tightly controlled approach to supply — bolstered lately by hefty price hikes — helps to […]
What Chanel’s Resale Win Means for the Market Read More »
This week, we are pleased to introduce two new partners on BoF Careers. Primark is a high street retailer which opened its first store in 1969 in Dublin, Republic of Ireland. With over 430 stores in 16 countries, Primark has 70,000 employees. Owned by Associated British Foods, Primark’s revenue was up 15 percent to £9
Announcing Primark and House of Sunny Read More »
This week marked a blockbuster week for earnings, with Estée Lauder, E.l.f., Coty, L’Oréal, Unilever, Shiseido and Kering all reporting results. All in all, beauty conglomerates had a strong showing. E.l.f. Beauty expects to reach full-year sales of nearly $1 billion, Coty beat Wall Street estimates, on the power of its fragrances and new launches,
Beauty’s Biggest Players Are on Fire — With One Exception Read More »
Welcome back to Haul of Fame, the weekly beauty roundup of new products, new ideas and Apple’s accidental plan for a hair trend. Included in today’s issue: Act + Acre, Attitude, Benefit Cosmetics, Cetaphil, Costas Brazil, Em Cosmetics, Future Society, Granado, Jolie, Harper’s Bazaar, Kerastase, L’Oréal, La Mer, Michael B. Jordan, Milk Makeup, Saltair, Sol
The Business of Beauty Haul of Fame: The Heartbreak Kids Read More »
Shiseido became the latest victim on Friday of a slowing Chinese economy that has battered earnings at many global consumer goods companies, when the Japanese cosmetics maker reported a 40 percent slide in annual earnings. China’s weak consumer spending has also hit profits at L’Oréal and Estée Lauder, which like Shisedo had for years banked
China’s Consumer Slump Claims Another Victim as Shiseido Profit Slides Read More »
PARIS — Hermès reported another year of chart-topping growth, with annual sales rising 21 percent to €13.4 billion ($14.4 billion). Fourth-quarter sales rose 18 percent, beating expectations and defying the wider slowdown in luxury demand. The French leather goods powerhouse has long been luxury’s most defensive player, with pent-up demand for its sold-out Birkin and Kelly bags helping
Hermès Plans 8% Price Hike as Annual Sales Top $14 Billion Read More »
L’Oréal and Miu Miu are teaming up on beauty, announcing an exclusive worldwide licensing agreement Friday. The move builds on an ongoing relationship between L’Oréal and Miu Miu sister brand Prada, which launched a skincare and makeup line last year. The first Miu Miu fragrances under the new L’Oréal license are expected to hit shelves
L’Oréal Wins Miu Miu Beauty License Read More »
Hugo, the Gen-Z-focused ready-to-wear sub-brand under German retailer Hugo Boss, has signed a sponsorship deal with Formula 1′s new Visa Cash App RB team, or VCARB F1. The team was recently rebranded from the name Alphatuari, under which it had competed since 2020. The apparel and eyewear partnership was announced at a season launch event
Hugo Boss’ Hugo Brand to Sponsor VCARB F1 Team Read More »
When Perfect Moment sought a fresh round of capital last year, it found investors were excited about the brand, but were reluctant to write the small and unprofitable company a cheque. So the luxury skiwear maker — which generated $23 million in sales in its fiscal 2023 that ended last March — decided to try
After Hitting a Few Moguls, Skiwear Brand Perfect Moment Goes Public Read More »
At this Sunday’s Super Bowl, the evening’s biggest stars arguably won’t be on the field, but in the stands. While Taylor Swift — by some measures the most famous person on the planet as well as girlfriend to Kansas City Chiefs tight end Travis Kelce — is the most obvious example, she’s hardly alone. Brittany
Why WAGs Are Making a Fashion Comeback Read More »
