Swiss travel retail giant Dufry AG on Wednesday launched a restructuring programme designed to cut its staff costs as it works to protect its business following the effects of the coronavirus outbreak globally.
Moncler said on Thursday it had signed an agreement with France's Interparfums to start selling perfumes, as it seeks to diversify its brand and lessen the impact of the coronvirus crisis on the luxury goods sector.
Richemont mixed good news with bad on Friday as it delivered its full-year results, with the giant luxury group reporting resurgent demand in China on the reopening of its stores, but also a profits plunge.
The olfactory wardrobe of the Yves Saint Laurent Beauty Le Vestiaire des Parfums collection has been extended to include two new fragrances inspired by iconic fashion pieces by the great French couturier.
L'Oréal announced on Monday that it predicts a year-over-year decrease of around 5% in its first-quarter sales due to the ongoing Covid-19 pandemic. The company also withdrew its annual financial guidance.
Multi-brand beauty retailer Nykaa opened one of its ‘On Trend’ stores for popular products in Chennai’s Forum Vijaya Mall on March 4, featuring brands including Burberry, Smashbox, and Huda Beauty, among others.
The Delhi High Court ruled to stay the National Anti-Profiteering Authority’s prior decision directing personal care brand Johnson & Johnson to pay Rs 230 crore ($31.14 million) as a penalty for alleged profiteering.
Multi-brand, omni-channel beauty retailer Nykaa will hold a makeup masterclass with makeup artist Shalini Chopra at Chennai’s Forum Vijaya Mall on March 5 to promote a range of international beauty brands in the city.
2019 was a good year for Hermès and the firm remains upbeat, despite a small slowdown in Q4 and the recent coronavirus outbreak. It saw strong performances in RTW, jewellery, Asia, the Americas and the UK.