Eva Morletto

While Dior celebrates its perfume J’adore in an exhibition at the Beaux-Arts de Paris, the fragrance and cosmetics industry is experiencing significant movements.

L’Oréal has become the official sponsor of the French team Orient Express Racing, competing in the women’s edition of the 37th America’s Cup. This marks a first in this nautical competition, which is heading towards innovation.

Baccarat is on the lookout for a new buyer after a tumultuous period under the leadership of Chinese billionaire Coco Chu. Despite a full order book, the luxury crystal maker faces substantial debts estimated at over €165 million.

Ferrari will become part of the Euro Stoxx 50 index starting from September 18. The announcement caused Ferrari’s stock to surge by over 40%. The company is now valued at more than 70 billion euros, placing it among the giants of the Stoxx 50.

The announcement has shaken the world of finance and luxury goods. The Kering group, headed by the Pinault family, has just completed a bond issue worth 3.8 billion euros.

Paris Fashion Week kicked off on September 25th. The schedule includes the return of Pierre Cardin and the spotlight on numerous new talents. Known as the most prestigious of all Fashion Weeks, Paris generates approximately €10 billion in annual revenue.

Puig is considering going public in 2024, following strong financial performance. This move could rival that of its competitor, Coty Inc., which is already listed on Wall Street.

Alexander McQueen, one of the jewels in the Kering galaxy, is ending its collaboration with English designer Sarah Burton after two decades. Burton took over the creative direction of the brand following the sudden death of its founder.

The partnership between luxury and cinema continues to expand with long-term collaborations and investments. From the prestigious Hollywood talent agency CAA, soon to be majority-owned by François-Henri Pinault, to the Barbie film and the Miu Miu Women’s Tales platform, luxury empires are showcasing their ambitions in the world of cinema.

By 2022, the champagne market had generated record global sales of €6.3 billion

The « Brand Magic » index by the Business of Fashion platform positions the Miu Miu brand as the one most aligned with the perceptions of its consumers, while Gucci faces a period of fluctuating identity and creative repositioning.

LVMH is on multiple fronts. While Birkenstock (owned by LVMH) is preparing for its debut on the New York Stock Exchange, Bernard Arnault is making substantial investments in LVMH through strategic stock purchases. Simultaneously, rumors of Alessandro Michele potentially joining LVMH have been circulating during New York Fashion Week.

Swiss group Richemont is creating a new division dedicated to perfumes and beauty products, a trend that is strengthening across all major luxury conglomerates.

Brunello Cucinelli reports a half-year growth of +31% (sales of €543.9 million), driven by the Asian market and significant investment in communications.

After months of growth, Swiss watch exports slowed in July 2023, reveals the Swiss Watch Federation.