Luxury at the Summit 2023
Luxury at the Summit 2022
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Stories on fashion and luxury you won't read elsewhere
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Stories on fashion and luxury you won't read elsewhere
Stories on fashion and luxury you won't read elsewhere
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Astrid Wendlandt
09/12/23
Cyrille Vigneron, the CEO of Cartier, is to leave the French jeweler in 2025 at the latest, according to several sources close parent Richemont. It’s not because of poor trading at Cartier, since the brand is still growing in spite of the current downturn in luxury spending. The main reason is that relations between Vigneron and Richemont Chairman Johann Rupert have soured in recent months, the sources say.
Astrid Wendlandt
03/12/23
L’Oréal may not stay the world’s No. 1 cosmetics group forever. LVMH could eventually gobble up all or parts of the Estée Lauder Companies (ELC) even though the French luxury giant has denied any interest – for now, as Miss Tweed reported last week. Competition from rival groups Coty, Shiseido, Interparfums and Puig is set to intensify and new challengers are emerging such as Cartier owner Richemont and French luxury group Kering.
Weekly highlights
Week from 2023-12-04 to 2023-12-08
Italy’s Ermenegildo Zegna group believes it can defy the current downturn in luxury spending thanks to the strength of its brands Zegna and Thom Browne and its recent acquisition of U.S. fashion label Tom Ford. It aims to grow Tom Ford into one of the world’s top 10 fashion brands, it told investors at its second capital markets day since its IPO in 2021.
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Astrid Wendlandt
26/11/23
The Estée Lauder Companies has come under the spotlight. Its share price has collapsed since January after a series of profit warnings, but it’s been rising steadily in the past three weeks. It is up 18 percent since Nov. 1. LVMH has denied any interest in acquiring the company, but investors are speculating that it could buy a stake or eventually make a bid.
Astrid Wendlandt
19/11/23
Complacency, poor performance and a series of profit warnings have made the Estée Lauder Companies lose two thirds of its value in two years. America’s biggest beauty group is perceived as a sitting duck waiting to be taken on, stock market investors say.
Astrid Wendlandt
12/11/23
What would Estée Lauder, the doyenne of the modern cosmetic industry, say? The Estée Lauder Companies, her namesake multinational, appears to be stuck in a downward spiral. The $41bn group has missed expectations nearly every quarter this year. Then last week, it again cut growth targets. America’s biggest beauty group keeps losing market share to rivals such as France’s L’Oréal and Spain’s Puig.
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Miss Tweed's Boutique
A Year in the News 2021-2022 is a compilation of Miss Tweed's stories published online during its second year. It is a way to immortalize on paper the media's digital content. Like the first yearbook, A Year in the News 2021-2022 is a limited edition and a collector's item. It celebrates the work of Claire Laude. Each one of her illustrations runs next to the first two paragraphs of the corresponding exclusive news or analysis.
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Author and journalist Astrid Wendlandt conducted a four-year investigation into the secretive world of fashion and luxury involving hundreds of interviews with top executives and designers. How Luxury Conquered the World explains how this industry has become one of the pillars of the global economy, putting it on a par with Google, Amazon, Facebook and Apple combined in terms of job creation and economic might.
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