Marc Jacobs unveils male make-up range Monday, 9th September 2013
Marc Jacobs has launched a beauty line in collaboration with Sephora that includes a range specifically designed for men. The latest range is the company’s attempt to cash in on the lucrative male grooming sector. The range starts from £15 and also includes a seven-shade eyeshadow palette for £37.
Estée Lauder set to expand into Africa with Clinique and MAC Thursday, 1st August 2013
Estée Lauder Companies, Inc. has unveiled plans to expand its presence in sub-Saharan Africa by rolling out its Clinique and MAC brands on the continent. Sue Fox, Estée Lauder’s managing director for sub-Saharan Africa, told Reuters this week that the cosmetics giant had been “inundated” with requests after launching its MAC makeup in Nigeria’s largest city Lagos, and will be opening another store in the city within weeks.
Christie's responds to Asian demand for vineyard acquisition service Friday, 10th May 2013
The auctioneer is merging their real estate and fine wine segments to create a new service which aids clients in purchasing vineyards. The legendary auction house, which specialises in 80 different categories including, fine art, jewellery, photographs and collectibles, will form Vineyards by Christie’s International Real Estate in response to a growing demand from its customers.
Luxury retailers remain resilient in the face of downturn Wednesday, 15th August 2012
The luxury sector has remained resilient at a time when many high street retailers are finding themselves against the wall or on the shelf as the tense economic climate shows no signs of letting up.
Marni to launch a fragrance with Estée Lauder Wednesday, 14th September 2011
Marni has confirmed that it will collaborate with cosmetics giant Estée Lauder to produce a scent for release in 2012.
Lauder’s spokeswoman Veronique Gabai-Pinsky has commented that “wearing Marni is like wearing a piece of art”. According to well-known beauty publications, the scent will have to potential to be as iconic as house fragrances by Jean-Paul Gaultier and Moschino.
Estée Lauder adopts softly-softly approach Tuesday, 16th August 2011
Estée Lauder Co. favoured a cautious outlook for its upcoming fiscal year, warning that the recent global economic troubles are likely to have an adverse effect on purchases of its high-end cosmetics.
The guarded view came as Estée Lauder reported back from a strong year with fourth quarter earnings rising 72 per cent on better sales in nearly every category and region, as the cosmetics company reaped the rewards from new product launches and increased advertising.
It is likely the resilience and spending power of Estée Lauder’s core customer will be put to the test in the coming months as upper-income shoppers react to volatile stock markets and weakened consumer confidence.
Although Estée Lauder is yet to see an impact on orders, the company is bracing for a softer demand;
"The recent volatility and uncertainty in global financial markets may impact consumer confidence, demand and spending," Chief Executive Fabrizio Freda said Monday during an earnings call.
Estée Lauder shares came down nearly 7 per cent in early trading to USD 94, as its fiscal outlook fell short of Wall Street expectations. The company announced it expects per-share earnings for the year of USD 4 to USD 4.20 on revenue growth of 6 per cent and 8 per cent, below estimates of analysts polled by Thomson Reuters of USD 4.37 per share on revenue growth of 7 per cent to USD 9.44 billion, respectively.
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