The cashmere specialist owned by LVMH has appointed as chief commercial officer Marco Giacometti, who held the same post for two years at Valentino and is a highly experienced luxury industry executive.
It’s been a long time coming since the announcement last year, but Harrods has finally opened its first standalone beauty store, H Beauty, at Lakeside in Essex. A second store will open in Milton Keynes in 2021.
Beiersdorf said on Tuesday that its super-prestige skincare brand la Prairie has taken a major hit on the back of the coronavirus crisis with the travel retail channel weak and likely to stay that way for some time.
Beiersdorf, which owns brands Nivea, Eucerin and La Prairie, has partnered with the AI business Insilico Medicine -- which develops end-to-end drug discovery pipelines -- to carry out computer-simulated skin research.
German consumer goods firm Beiersdorf reported a fall in sales of adhesives to the auto industry in the third quarter but new products boosted its skin care business which held up better than expected.