Now the world’s sixth-largest prestige perfumery market, China is expected to climb into second place by 2025, driven by its 150 million digital-native consumers, according to Japanese scent manufacturer Takasago.
Cosmetics maker Estee Lauder Cos Inc raised its full-year revenue and profit forecasts on Thursday, betting on strong demand for its skincare and fragrance products in Western markets such as North America.
Luxury trade body Walpole has published the line-up of speakers for its Future of British Luxury Summit in London next month, including Anya Hindmarch, Chanel, Dunhill, Farfetch, Harrods, Roksanda and Jo Malone London.
The New York-based cosmetics company announced on Wednesday that Jane Hertzmak Hudis, John Demsey and Stéphane de La Faverie have all gained new responsibilities as part of an organizational restructure.
Store upgrades may not be the most exciting news stories, but they are interesting when those upgrades are reflective of strong trends in the market as with the Jo Malone upgrade as St David's in Cardiff.