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Published
Dec 22, 2016
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Beauty and Luxury has good year, expects more of the same

Published
Dec 22, 2016

Major Italian selective cosmetics distributor Beauty and Luxury has announced a new corporate structure, the renewal of distribution contracts with key partners and said it has had a good 12 months.


Peter Gladel, head of Beauty and Luxury

 

The company said turnover has risen 49% to over €40m this year. And on a comparable basis, all of the group's core brands grew in double-digits year-on-year.

The company also said it has changed to an S.p.A. from an srl (which is an Italian private limited company), has completed the acquisition of the 25% holding belonging to Morris S.p.A. and has beefed up its team with a greater focus on customer care.

The distributor holds licenses for brands including Abercrombie & Fitch, Burberry, Coach, Elizabeth Arden, Jimmy Choo, and Lanvin, and is gearing up for a major La Perla launch next year.

It is also working on new acquisitions in the luxury segment, which will be announced in January.

Adapted from an original article by Patrizia Franzese

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