Stories on fashion and luxury you won't read elsewhere

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Stories on fashion and luxury you won't read elsewhere
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Astrid Wendlandt
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.
Astrid Wendlandt
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. Some insiders also think an activist investor could build a position in order to put pressure on the company to nominate a new CEO and change its strategy.
Weekly highlights
Week from 2023-11-27 to 2023-12-01
Farfetch CEO José Neves is living dark hours. The online fashion marketplace and e-commerce technology provider canceled the publication of its third-quarter results this week and said its guidance was no longer valid. The move comes after Britain’s Daily Telegraph reported that Neves could take the company private. Where would he find the money? Who would lend it to him? Neves’ friends say he is a phoenix who will rise from his ashes. But for now, the situation looks dire.
American designer Matthew Williams is leaving Givenchy after three years as the French brand’s creative director. A year ago, Miss Tweed predicted that Williams was going to leave in 2023 as his contract ended. He leaves the brand on Jan. 1. 

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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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