Luxury Headlines – 20/10/2025
Luxury Headlines – 20/10/2025
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LVMH Releases Q3 FY2025 Results
For Q3, LVMH beat earnings consensus, reaching €18,280 million in revenue, representing +1% organic growth, despite a -2% decline in nine-month sales to €58,090 million. Performance improved or stayed stable across segments and regions, except for Japan, which saw a decline. Selective Retailing grew by +7%, driven by Sephora's global leadership and strategic differentiation. Wines & Spirits posted slight organic growth with ongoing improvements in champagne and wine sales. Both Perfumes & Cosmetics and Watches & Jewelry registered +2% organic growth, benefiting from the continuous global development of iconic lines and innovation. The Fashion & Leather Goods segment saw a -2% sales decline, effectively mitigated by strong local demand and strategic brand activations.
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Cucinelli Publishes Solid 9M 2025 Revenue Results
Brunello Cucinelli S.p.A. reported outstanding financial results for the first nine months of 2025, with total sales reaching €1,019.2 million, marking a +10.8% increase year over year. Q3 sales accelerated to €335.0 million, up +11.8% compared to 2024. Retail was the main growth engine for the 9 months, at €645.8 million, growing by +11.6% and accounting for 63.4% of sales, while Wholesale grew +9.3% to €373.4 million. Geographically, Asia led all markets with a +15.6% increase in sales, driven by double-digit growth in China. The Americas and Europe also saw solid increases of +9.3% and +8.8%, respectively. These strong trends and positive collection feedback reinforce the company's confidence in achieving its target of approximately +10% revenue growth for both 2025 and 2026.
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Rare Beauty Acquires Kate Somerville Skincare Brand
Rare Beauty Brands has acquired the skincare brand Kate Somerville from Unilever. The transaction encompasses the skincare portfolio and the Los Angeles facial studio. Unilever Prestige cited the need for new ownership that better aligns with the brand's trajectory following an 18-month turnaround effort. This strategic move occurred after flat prestige beauty sales and the recent closure of the Ren Clean Skincare label.
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Kering Sells Beauty Division to L'Oréal Along with Beauty Licenses
Kering is selling the beauty division, including its flagship brand, House of Creed, to L'Oréal, along with exclusive licensing agreements to develop and distribute fragrance and beauty products for Kering's brands Gucci, Bottega Veneta and Balenciaga in a deal valued at € 4 billion. The transaction is expected to close in the first half of 2026. Additionally, the two groups established a separate 50/50 joint venture to explore future projects in wellness and Longevity.
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Maria Grazia Chiuri Returns to Fendi as Chief Creative Officer
After stepping down in May from her role as an artistic director of women’s collections at Dior, Maria Grazia Chiuri returns to Fendi in her new role as Chief Creative Officer. This role will involve directing the Maison’s creative strategy while preserving the brand's unique heritage. Chiuri, who initially began her career at Fendi in 1989, will unveil her debut collection next February in Milan for the Fall 2026 season. The premier womenswear line will be followed by menswear in June and an Haute Couture collection in July.
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Giuseppe Marsocci Takes Helm as Armani Group's First CEO
Giuseppe Marsocci, deputy managing director and chief commercial officer at Armani, has been appointed as the new Chief Executive Officer of the Giorgio Armani Group, succeeding the late founder, Giorgio Armani. Effective immediately, the Armani Foundation unanimously proposed the appointment to ensure continuity, citing Marsocci's 23 years of experience within the company, sector knowledge, and loyalty. The new CEO is committed to continuing the founder's business model and vision.
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Ōura Launches Next-Gen Ceramic Collection at Harrods
Finnish fitness tracker and fashion jewelry brand Ōura has launched a concept retail space and window display at Harrods to feature its upgraded, next-generation Ceramic Collection, aligning with Harrods’ Tech Month. This collection introduces Ring 4 and Ring 4 Ceramic, Ōura's first smart rings without metallic finishes. They are made from high-performance zirconia ceramic, providing durable color from natural minerals. The new rings combine health tracking with elegant design and include Ōura's first charging case, multi-ring support, and a Health Panels feature for scheduling blood work via the app.
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The Estée Lauder Cos. Unveils L’Atelier in Paris
The Estée Lauder Companies has launched L’Atelier at La Maison des Parfums in Paris as a global fragrance innovation hub, complementing R&D centers in the US, Canada, and China. L’Atelier merges creative artistry with advanced technology and data analysis, utilizing AI tools to create new ingredients and molecules. Honoring the fragrance heritage on the ground floor, the top-floor Atelier provides 6 co-creation spaces (like Salle de Musique). This innovation hub handles the complete development cycle using sophisticated analytical equipment.
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Clinique La Prairie Debuts Health Supplements Line in the US
Clinique La Prairie is entering the US retail market by launching its Swiss-made CLP Holistic Health supplements at department store Bergdorf Goodman. The line addresses longevity, immunity, and stress issues with products like The Ultimate ($850/2 months), Purity, and Balance. The brand is also exclusively launching Epinome in the US, a supplement focused on epigenetics for cellular function, with the goal of establishing the US as the company's largest market. Clinique La Prairie plans to sustain global expansion by opening new clinics and longevity hubs annually, including a New York location by 2028 in partnership with One & Only Hotel.
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