Luxury Daily
The authority in luxury news.
Dec. 22, 2024
  1. Estée Lauder Cos. establishes new fragrance innovation hub in Paris
  2. Happy Holidays!
  3. Mood of global millionaires in the pandemic-era
  4. Iris Law stars in Versace’s Dylan Purple fragrance campaign
  5. Luxury Unfiltered: Burberry is on the brink of self-destruction as it taps a new CEO
  6. Mercedes-Benz rolls out AI-enhanced MBUX Voice Assistant
  7. The RealReal opens retail location in Houston
  8. Luxury Unfiltered: When brands fall spectacularly short on client service
  9. Desirability, operational efficiency key to luxury brand growth: Accenture
  10. Preloved items from Hermès hold highest resale value: The RealReal
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News briefs

Day’s wrap: Farfetch, Sephora, Estée Lauder, Sub-Zero Group and L Catterton

February 26, 2021

Farfetch revenues hit $1.7B as luxury shoppers go online. Image courtesy of Farfetch

 

By Luxury Daily News Service

Luxury Daily’s live news for Feb. 26:

Farfetch revenues hit $1.7B as luxury shoppers go online
Online retailer Farfetch saw its gross merchandise value exceed $3 billion, noting in its financial results for the full year ended Dec. 31 2020.

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Sephora focuses on bricks-and-mortar expansion, collaborations
LVMH-owned beauty retailer Sephora has announced it is opening 260 new stores in 2021 and collaborating with Coach for a new makeup collection.

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Estée Lauder names Ana de Armas new global ambassador
Beauty brand Estée Lauder has announced actress Ana de Armas as a new global brand ambassador in its latest push for storytelling and representation.

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Sub-Zero Group introduces virtual showcase for smart appliances
Kitchen appliance group Sub-Zero, Wolf and Cave is launching its first virtual showcase to feature new product offerings.

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Birkenstock sells majority stake to LVMH-backed firm
LVMH Moët Hennessy Louis Vuitton-backed private equity firm L Catterton has acquired a majority stake of German footwear label Birkenstock, hoping to boost sales in China and India, as well as online.

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Why luxury lingerie is pandemic-proof
While many luxury brands have seen financial losses during the COVID-19 pandemic, one category that continues to thrive is lingerie.

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LATEST HEADLINES
MOST POPULAR
  1. Estée Lauder Cos. establishes new fragrance innovation hub in Paris
  2. Happy Holidays!
  3. Mood of global millionaires in the pandemic-era
  4. Iris Law stars in Versace’s Dylan Purple fragrance campaign
  5. Luxury Unfiltered: Burberry is on the brink of self-destruction as it taps a new CEO
  6. Mercedes-Benz rolls out AI-enhanced MBUX Voice Assistant
  7. The RealReal opens retail location in Houston
  8. Luxury Unfiltered: When brands fall spectacularly short on client service
  9. Desirability, operational efficiency key to luxury brand growth: Accenture
  10. Preloved items from Hermès hold highest resale value: The RealReal
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