The global face make-up market is expected to grow at a compound annual growth rate of 5% over the next four years, according to a report. Foundation is the leading face cosmetic, recording a market share of 31% in 2015.
Despite being battered by sluggish consumer spending and rising online shopping, luxury brands should look to China as for fresh strategies and solutions, according to Alibaba Group President Michael Evans.
The menswear label owned by Hong Kong company Trinity (of the Li & Fung group) announced the appointment of Laurent Grosgogeat as General Manager. He has over 20 years' experience in the luxury goods industry.