China's radiant male skincare market has a raft of domestic startups tapping global investors for funds, with ambitions to rival giants like L'Oreal in a billion-dollar business serving image-conscious millennial men.
The group has launched its new environmental programme, ‘Life 360’, featuring a new vision of luxury that combines creativity and respect for nature, during a week-long agenda of climate talks for its employees.
On Monday, the luxury giant set a new Paris Stock Exchange record by topping a market capitalisation of €250 billion for the first time, its share price having surged by nearly 20% since the start of the year.
CEO Pascale Lepoivre and Creative Director Jonathan Anderson have announced in a press release that Loewe is collaborating with Spanish children charity Plataforma de Infancia, and will donate face protection masks.
L’Oreal said it is counting on consumers rushing back to hair salons to help its business recover quickly once European and U.S. Covid-19 lockdowns are lifted, adding that beauty sales were bouncing back in China.
LVMH is converting five of its Louis Vuitton workshops to make masks for frontline health workers, the luxury brand said Wednesday, in addition to the masks already being fabricated at the group's Dior workshops.