Digital native Gen Z consumers still love shopping in physical shops and that has big implications for the beauty sector as these consumers spend more of their spare cash on cosmetics than any other generation does.
The French cosmetics giant has entered into negotiations with Clarins with a view to acquire the two perfume brands, as well as Mugler’s fashion business, an operation which would reinforce L’Oréal’s luxury division.
The Spanish prêt-à-couture firm, controlled by Perfumes y Diseño group since 2011, is looking for an investor to sell either a majority or minority stake in the business. The "right" partner will be a fashion expert.
Global perfume house, Ajmal Perfumes has appointed Saurav Bhattacharya as president of operations at Ajmal & Sons. He will be responsible for managing profit and loss, marketing and branding in his new role.
Two months after the departure of Josep Font, Delpozo is believed to have found a successor. German designer Lutz Huelle has become the Spanish prêt-à-couture brand’s new creative director, according to sources.