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13 Apr

LVMH Moët Hennessy Louis Vuitton Is Certainly one of

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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14 Mar

LVMH Lands Deal to Create Rihanna Makeup

The Kendo division of LVMH Moët Hennesy Louis Vuitton has landed a take care of Rihanna, one among the hottest-selling celebrities on this planet of licensing, to do an entire makeup collection. As one veteran cosmetics executive observed, “the whole lot together with her is off the charts.” Estimates of what LVMH can have paid to make the deal run as high as $10 million. Kendo, which functions as an incubator producing products that find yourself being retailed by LVMH’s Sephora perfumery chain and other outposts, will launch a Rihanna makeup range, called Fenty Beauty by Rihanna, in the autumn of 2017. While the corporate provided no other details, David Suliteanu, chief executive officer of Kendo, was in a celebratory mood. “Fenty Beauty by...
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