Luxury Headlines – 12/12/2023
Luxury Headlines – 12/12/2023
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L’Oréal Expands in Microbiome Skin Care
L’Oréal has announced the acquisition of the Danish probiotic research company Lactobio, founded in 2017 and specialized in creating probiotic and postbiotic skincare ingredients. With this acquisition, L’Oréal aims to further develop its microbiome research, which it initiated 20 years ago, and tap into the growing preoccupation with the microbiome in the skincare industry. L’Oréal will use Lactobio’s ingredients to create new topical products for both skin and hair.
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Maserati Reveals New Showroom Concept in the US
Following global openings, including Milan and London, Maserati has launched a new showroom concept in Boston. The 3,000-square-foot space features gallery-like display structures to showcase the latest Maserati models, creating a more inviting and creative customer experience. The space strongly focuses on configuration, customization, and the unique Fuoriserie program to enable a more interactive discovery of Maserati’s expertise. New locations following the same roadmap will be launched in the US starting in 2024, with Kelly MacDonald named CEO of USA to spearhead this new initiative, having previously served as the head of North American Sales at Lucid.
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Zegna Expanding Categories and Launching New Stores at Tom Ford
Zegna plans to expand the product offering and retail presence for its Tom Ford brand, aiming to make Tom Ford a top 10 brand. While menswear currently represents 70% of sales, Tom Ford wants to further expand into womenswear, accessories, and shoes to drive growth. In addition to renovating its existing stores, the brand will double its current number of stores, with 100 openings in APAC and Europe. New flagships are already confirmed in Beijing, Singapore, Rome, and St. Moritz.
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Stella McCartney Announces New Sustainability Initiatives
With COP28 in Dubai, Stella McCartney will showcase the brand’s sustainability initiatives. It recently released its 2023 impact report, detailing the company's environmental performance. At its summer 2024 runway show, the brand had the opportunity to launch its Sustainable Market, revealing new innovations in collaboration with 15 eco-materials companies. This includes the introduction of the first fashion item made using biological recycling in partnership with Protein Evolution and grape leather shoes in collaboration with LVMH-owned Veuve Clicquot.
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LVMH Sells Cruise Retail to Florida Developer
LVMH is selling a majority stake in the parent company of its cruise retail business to a Florida-based investor group led by property developer Jim Gissy, with LVMH remaining a minority shareholder. Starboard CEO Lisa Bauer will continue to head up the business, which has expanded to include vacation retail spots on land beyond just cruise ships.
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