Eva Morletto

Estée Lauder has released its results for the second quarter ended December 31, 2022, and the figures show a -17% decline in sales. The reason for this is a challenging economic environment for the luxury cosmetics group.

The leading luxury group reports organic sales growth of +17% (+23% reported) compared to 2021. The Fashion and Leather Goods division reaches record levels, achieving organic growth of +20%. Net profit is up +17% to 14 billion euros.

The Accor group’s strategy is to diversify its high-end hotel offer by exploring the world of ultra luxury sailing cruises.

They call it blue gold. Water, a precious resource with a renewal capacity that is becoming increasingly complicated, is coveted by large companies and billionaires looking for new investments. It has even been traded on the Chicago stock exchange since 2020.

The Accor group has announced the appointment of Omer Acar as General Manager of the Raffles & Orient Express entities. Several recent acquisitions have strengthened the group’s position as the world’s leading hotel group with over 5,300 hotels worldwide.

The rush of luxury brands to acquire prestigious vineyards in search of profitability and diversification continues. Climate change is affecting production capacity and the quality of terroirs. A phenomenon that pushes groups to diversify their supply.

After 13 years of successful management of the EMEA (Europe, Middle East and Africa) division of Michael Kors, Cedric Wilmotte has been appointed head of the flagship brand of the American group Capri Holdings.

The designer duo Miuccia Prada and Raf Simons presented the new men’s autumn-winter 2023-2024 collection. A return to the essence of what constitutes the spirit of Prada, at a time when the house is about to undergo a major change.

The year has started well for Rolls-Royce, a subsidiary of the BMW Group. The 2022 figures show a record year, up 8% on 2021.

The year promises to be full of new developments in the luxury hotel sector: a vast series of luxury hotel openings is planned throughout Europe. Here’s an overview.

LVMH, Shiseido or L’Oréal? One of the three groups is reportedly interested in a stake in the Australian cosmetics brand Aesop, currently owned by the Brazilian group Natura Cosmeticos.

A record year has just ended for the luxury car industry, and electric seems to be the benchmark for 2023. Among the brands involved, Bentley has announced plans to hire 200 new staff in preparation for the move to full electric.

The Italian fashion house Brunello Cucinelli has released its 2022 figures and the year was particularly good, with a 29% increase in turnover to 919.48 million euros.

The French cosmetics giant has announced that it has acquired a minority stake in the innovative ephemeral tattoo company Prinker Korea Inc.

The luxury hotel group Belmond – now owned by the LVMH empire – has announced the inauguration of a new exclusive itinerary at the bottom of the French Alps in December 2023, aboard the legendary Venice Simplon-Orient-Express train. A strategic sector that the rival group Accor also intends to occupy with its Orient Express trains.