Coty's boss Bart Becht believes he is the right man to run what will become the world's biggest perfume maker, despite industry doubts over its planned mega-merger and faltering sales at the beauty products group.
Hugo Boss has pledged to cut fur from its collections, starting from FW16. The fashion brand has been praised by animal welfare groups for the decision to strike the controversial material from its repertoire.
The French group is still at the top of the Deloitte's ranking of the 100 largest luxury goods companies, followed by Richemont and Estée Lauder like last year. And at their heels is Chinese Chow Tai Fook.
In the battle for brand influence, Apple edged out Google as the most influential global brand and Louis Vuitton maintained its 10-year reign, keeping the top spot in the luxury category on the Top 100 BrandZ ranking.