Luxury Headlines – 3/11/2025
Luxury Headlines – 3/11/2025
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Estée Lauder Off to a Strong Start in Q1 2026
The Estée Lauder Companies posted a strong start to their fiscal Q1 with net sales of $3.5 billion, representing an increase of +4%. The Profit Recovery and Growth Plan of the company drove significant profitability improvements with Reported Gross Margin expanding 100 basis points, reaching 73.4%. Category growth was led by Fragrance, which surged +13% due to strong luxury brand performance, and Skin Care grew by +3%. While Makeup and Hair Care net sales contracted (-2% and -7% respectively), both segments successfully improved operating results. Regionally, Asia/Pacific and Mainland China drove organic growth, benefiting from travel retail recovery and a low prior-year base, while North America registered a low-single-digit sales decline.
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Puig Delivers Robust Nine-Month 2025 Results
Puig once again delivered robust results for the first 9 months of 2025, with +7% like-for-like revenue growth totaling €3,596 million. For Q3 2025, Puig recorded net revenue of €1,297 million, up +6.1% on a like-for-like basis, demonstrating continued business momentum. By segment, the Fragrance and Fashion division, which constitutes 73% of total revenue, reported +6.4% growth. The Make-up category expanded by +8.3%, with Skincare achieving the highest growth rate at +9.2%. Geographically, APAC delivered the highest regional growth at +23%, underscoring sustained momentum in Asia, while the Americas increased by +7.8% and EMEA rose by +3.9%. Puig reaffirmed its FY2025 outlook, maintaining its revenue growth target of 6% to 8%.
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Chanel Appoints Katie Welch as US Head of Brand and Communications
Chanel appointed Katie Welch as US Head of Brand and Communications, a newly created role, effective January 5. Welch, currently the CMO of Rare Beauty, will oversee all integrated US brand and company communications, reporting to Chanel US president Stéphane Blanchard. Her extensive beauty background includes prior leadership roles at The Honest Company and Hourglass Cosmetics.
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Cartier Unveils Redesigned Boutique in Miami Design District
Cartier has unveiled its redesigned and expanded regional flagship boutique in the Miami Design District, located at 147 NE 39th Street. The store features a full range of the Maison’s creations, including jewelry and watches. The exterior wrapped with undulating glass, designed by Diller Scofidio + Renfro is inspired by a 1909 Cartier brooch. The interior designed by Laura Gonzalez captures Miami’s cultural heritage and spirit with vibrant colors with dedicated private VIP lounges on the first floor and a convivial space at the rooftop.
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Dior Launches The House of Dior, Beijing
Dior is launching a 5-story flagship boutique called The House of Dior Beijing in the city's Sanlitun luxury retail district. The project, designed by Pritzker Prize-winning French architect Christian de Portzamparc, will be one of the brand's largest globally. Scheduled to open on December 11, the store will house fashion, fine jewelry, and accessories. It will also feature a dedicated gallery space showcasing art commissions and historical homages. The top floor is reserved for VIP lounges with a private terrace overlooking the city. Notably, the location will include a Monsieur Dior restaurant, a first for Beijing led by the female chef with the most Michelin stars globally, Anne-Sophie Pic.
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Canada Goose Opens New Global Flagship in Paris
Canada Goose launched its Canada Goose 2.0 retail reboot by opening a new global flagship on the Champs-Élysées in Paris. Designed with Snøhetta, the immersive luxury space uses sustainable materials and includes the brand’s first European VIC suite. CEO Dani Reiss affirmed the opening is part of a renewed push into Europe. The Paris location will now also serve as the brand's global design hub, reinforcing its shift toward a luxury DTC model.
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Saudi Arabia's Luxury 'Dream of the Desert' Train Debuts 2026
Saudi Arabia's inaugural 5-star train, the Dream of the Desert, will embark on its maiden voyage at the end of 2026. The luxury project was developed by Saudi Arabia Railways and Italian firm Arsenale and designed by Lebanese architect Aline Asmar d’Amman. A prototype of the train was recently unveiled in Riyadh. It will offer high-end travelers 1 and 2-night tailored itineraries, traveling from Riyadh to showcase the nation's landscapes and culture. The interior design features a desert color palette and local artisan crafts. The train includes 33 private suites for up to 66 guests, a traditional "Majlis" lounge, and a fine dining restaurant.
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Mytheresa and Vestiaire Collective Expand Resale Partnership to Menswear
Mytheresa and Vestiaire Collective are expanding their joint resale program to include menswear items, in response to a continued interest in pre-owned luxury. This partnership, which began in 2021, allows customers to sell pre-loved luxury pieces authenticated by Vestiaire collective and receive instant Mytheresa store credit. Customers can utilize the resale service for luxury items regardless of whether they were originally acquired from Mytheresa. The expansion to menswear, covering the U.S. and European regions, builds on a program that has already seen over 55,000 womenswear items successfully listed.
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