LVMH Moët Hennessy Louis Vuitton Is Certainly one of

13 Apr

Innovation and continued control over distribution were cited by LVMH Moët Hennessy Louis Vuitton as the important thing drivers for its beauty division’s growth last yr. Like a lot of its competitors, lackluster sales in China continued to weigh on business; the burden of Asia (outside Japan) within the division’s sales shrank for the fourth consecutive yr, down from 45% in 2020 to only 33% last yr. The division’s profit margin remained roughly stable year-on-year at 8.6%, down from 10.3% in 2021. Megabrand Parfums Christian Dior’s sales performance was “remarkable,” the corporate said, and it reinforced its leading position in Europe, Japan and the Middle East while posting strong gains in Southeast Asia, the U.S. and South Korea. Sauvage was once more...

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2 Mar

The Top 10 Beauty Corporations of 2016: WWD Beauty

by Beautifaire101

Beauty, Featured

The Estée Lauder Cos. Makeup, fragrance and acquisitions are paving the best way for growth on the Estée Lauder Cos., which bought three brands and saw its makeup and fragrance sales grow 8% each in 2016. The acquisitions, including Too Faced (for $1.45 billion) and Becca, give Lauder increased exposure to specialty retailers like Sephora and Ulta Beauty, and a bigger presence within the fast-growing artisanal fragrance segment. Brand standouts included La Mer, Jo Malone London, Tom Ford and Smashbox. ...

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19 Dec

Beauty Corporations Join Forces to Meet Sustainability Goals –

by Beautifaire101

Beauty, Featured

PARIS — “#WeAreAllies” declared skincare brand Ren in a groundbreaking campaign last 12 months. Ren teamed with competitors Biossance, Caudalie, Herbivore and Youth to the People, which jointly made sustainability pledges as a part of the campaign. It was the primary time a gaggle of beauty brands had worked together to speak their sustainability credentials to consumers, and marked a U-turn in corporate mind-sets. Today, it's just certainly one of many sustainability partnership initiatives that has emerged involving beauty firms large and small. “We're in a context of climate urgency, and so it’s really critical that every one forces mobilize for higher results,” said Clémence Gosset, director of consumer information at L’Oréal’s Corporate Responsibility department. “We'd like to place collaboration at the...

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29 Oct

Tracking Diversity Progress at Beauty’s 20 Biggest Firms –

by Beautifaire101

Beauty, Featured

When the murder of George Floyd by a Minneapolis police officer sparked a worldwide racial reckoning in 2020, corporations and individuals alike rallied at an unprecedented scale to pledge their commitment to advancing racial justice. In the wonder realm, the Estée Lauder Cos. and Unilever each made commitments to extend spend with diverse ingredient and packaging suppliers; LVMH Möet Hennessy Louis Vuitton sent out an internal memo declaring its “unyielding dedication to inclusivity” and rolled out plans for unconscious bias worker trainings; L’Oréal established a Global Diversity, Equity and Inclusion Advisory Board, and Procter & Gamble launched its “Tackle Race” fund to support racial justice organizations. The list goes on. A typical theme among the many flurry of company-issued statements within the...

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