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March 26, 2026
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Fragrance and personal care

China cannot buy enough beauty gadgets

June 21, 2021

The beauty segment has traditionally performed well for luxury houses, but the pandemic has changed the way brands must approach their beauty consumers. Image credit: Meitu The beauty segment has traditionally performed well for luxury houses, but the pandemic has changed the way brands must approach their beauty consumers. Image credit: Meitu

 

By Adina-Laura Achim

Traditionally, the beauty segment has always been a top performer for luxury brands. Lipstick, in particular, performed very well during recession periods. In fact, after analyzing this trend, Leonard Lauder, chairman of Estée Lauder, coined the term the “lipstick effect.”

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  1. Luxury Unfiltered: Most luxury brands have no idea who their client actually is
  2. Audemars Piguet brings AP House concept to Miami Beach
  3. Ralph Lauren strengthens ESG strategy, sets 2030 targets
  4. Waldorf Astoria restyles suites at Rome Cavalieri
  5. Louis Vuitton names second edition Watch Prize winner
  6. Boucheron opens first flagship in China
  7. Printemps New York celebrates first anniversary with LG
  8. Gucci casts Kate Moss, Emily Ratajkowski in handbag campaign
  9. Natural Diamond Council introduces World Diamond Day
  10. Supply-demand issues in Europe prompt brands to rethink retail spaces: report
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