Booming demand for L’Oreal’s luxury cosmetics brands like Lancome, particularly in China, helped boost the company’s first-quarter sales, offsetting a more wobbly performance in the group’s mass market division.
Expect another year of rapid growth at LVMH, insisted Bernard Arnault, chairman of LVMH, at the group's AGM. Though he called reports that LVMH executives had held talks with the owners of Chanel “fake news.”
Selfridges Group isn't only spending heavily to upgrade its London and Birmingham flagships and it will also invest €11m in Dublin department store Arnotts as it refurbishes the building and upgrades its tech.
Clothing down. Footwear down. Health and beauty down. That was the picture of UK retail last month as ongoing bad weather meant interest in sarongs, sandals, sun cream and spring/summer fashion generally was at a low.
London-based Graff Diamonds is the latest luxury name to enter the fragrance arena with a new deal that sees it partnering with Inter Parfums on an exclusive worldwide project to launch a fragrance portfolio.