Piper Jaffray has downgraded New York-based cosmetics company Estée Lauder from overweight to neutral, citing the changing beauty habits of teenagers, who are opting for more minimal makeup looks and one-stop products.
Zara continues to be the group’s largest brand, while Stradivarius and Uterqüe are the fastest-growing formats. FashionNetwork.com takes an in depth look at brand performance and Inditex’s long-term vision.
The Spanish brand, part of Inditex Group, is set to launch a makeup collection with American cosmetics brand Bobbi Brown. The line will be available for purchase in Uterqüe and Bobbi Brown stores and online from June.
Victoria Beckham is planning a major launch of her sustainable beauty line in the fall, when she debuts her first independent makeup and skincare collection since leaving her Estée Lauder collaboration.
Wembley Park’s London Designer Outlet (LDO) will see two major openings in the next few weeks with on-trend brand Champion set to open its first UK outlet store there while Beauty Outlet will also open a large shop.