Facebook Inc’s Messenger app launched an augmented reality feature on Tuesday to allow people to see products they are shopping for as if they already have them, in a move aimed at drawing in potential advertisers.
Inter Parfums on Wednesday said that first-quarter net sales increased 20.1% to $171.8 million, despite a disappointing US sales dip. The fragrance distributor now predicts $665 million in total sales for 2018.
Coty has named Esra Erkal-Paler as chief global corporate affairs officer and executive committee member, a newly-created position in which she will lead communications strategy and responsible growth.
The fast moving consumer goods (FMGC) conglomerate, CavinKare, has appointed Venkatesh Viajayaraghavan as its new Director and CEO and Srivatsan Krishnamurthi as its Business Head of International Business.
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.”
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.