Eva Morletto

Significantly slowed down by Gucci, the Kering luxury group confirmed its predictions from last month and reported declining results, reflecting the difficulties faced by the luxury giant in recent months.

With nearly 500 patents pending worldwide, L’Oréal has invested heavily in innovation and technology since its foundation. This Wednesday, the French cosmetics mastodon announced “a significant advance” in the field of tissue engineering.ev

Following the announcement of the creation of Nessifashion, a company focused on supporting emerging fashion brands and strategic consulting, former Gucci CEO Marco Bizzarri reports his first investment in the Elisabetta Franchi brand. ev

Ferrari, Lamborghini, Porsche and Rolls-Royce – the most prestigious brands all posted record sales figures in 2023.

Kering group’s shares continue their decline (-15.98% over the past 5 days as of March 25, as we write) in connection with the unclear outlook for the Gucci brand, which still needs to confirm its newfound desirability. This is a bad sign, symptomatic of a general nervousness in the luxury industry.

In recent months, the luxury sector, particularly the fashion industry, has been a topic of much discussion: unexpected appointments and departures, new artistic direction, revised strategies… Fashion houses have made a flurry of announcements and are attempting to withstand the gloomy economic conditions and geopolitical instability.

On Tuesday, the LVMH group posted results for the first quarter of 2024 that were well below the double-digit growth seen previously. The geopolitical context and the normalisation of the Chinese market are the main reasons for this.

The Italian jewelry house of the LVMH group continues to capitalize on the diversification of its offer by appointing Greek designer Mary Katrantzou to head up its accessories and leather goods segment for the first time.

In the tropics, the new El Dorados for luxury brands emerge and dissipate amidst the vagaries of geopolitics and foreign economic interests. But certain countries—such as Brazil—prove to be stable development grounds for global luxury giants.

Kering strengthens its board of directors with the integration of Giovanna Melandri, Rachel Duan, and Dominique D’Hinnin. These strategic appointments come in a context of mixed financial results for the group, with particular attention on revitalizing Gucci.

Clarins has just acquired a new estate in Provence, ensuring autonomy in raw materials and complete traceability of its products. By adopting regenerative agricultural practices, the brand aims to produce one-third of its ingredients within five years.

Around two years ago, a fourth set of sanctions against Russia came into force, designed to weaken the country’s economy and hopefully condition the outcome […]

Asian subsidiary L Catterton has announced the expansion of its commitment to India with the creation of a new joint venture partnership focused on Indian consumption, to develop a new investment vehicle.

Sephora Korea announces the closure of its operations, overtaken by the wave of K-beauty and dominated by its local competitor, CJ Olive Young, a major retailer of Korean beauty products.

Celine (LVMH) announces its entry into the beauty segment with its first lipstick set to launch in the fall of 2024.