Burberry was upbeat Thursday as it reported annual results for the year to March 31. Christopher Bailey talked of “early success with key revenue drivers” as “newness outperformed,” and it saw mid-teens growth in bags.
In an annual survey conducted by Reader's Digest to determine the most trusted brands in America, Walmart came out as the top retailer along with beauty and personal care brands L'Oreal, Olay and Dove.
Surprises keep on coming from Balmain and L'Oréal Paris, whose makeup collab lands this fall. Models Doutzen Kroes, Lara Stone, Maria Borges, and Valentina Sampaio have all been signed up to star in the collection ads.
The market for the sale of prestige beauty in the UK rose 4% to £2.55bn last year, says a new report from The NPD Group, with the best growth seen in key cities including Liverpool (15%), London (9%) and Birmingham (8%).