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News briefs

Day’s wrap: Estée Lauder, Gucci, Lexus, British Fashion Council and Belmond

February 5, 2021

Estée Lauder Companies releases Q2 FY21 financial results: Estée Lauder

 

Luxury Daily’s live news for Feb. 5:

Estée Lauder shows signs of recovery with Q2 results
Beauty group Estée Lauder Companies has reported net sales of $4.85 billion for its second quarter, largely due to growth from its skincare and fragrance brands.

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Gucci Beauty debuts on Tmall
Coty-licensed Italian brand Gucci Beauty has launched its flagship store on Alibaba’s Tmall Luxury Pavilion, expanding its reach among Chinese affluents.

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Lexus foregoes Super Bowl LV spot
Toyota Corp’s Lexus has exchanged the highly coveted Super Bowl broadcast space for YouTube marketing opportunities.

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British Fashion Council, TikTok present fashion initiative
The British Fashion Council (BFC) and short-form video sharing platform TikTok have partnered to launch this year’s NewGen fashion initiative.

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Belmond opening tropical Caribbean hotel
LVMH-owned hospitality group Belmond is opening La Samanna, a beachfront hotel located on the French side of St. Martin, amid continued travel restrictions.

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Convenience, consciousness “new essentials” for brands
The COVID-19 pandemic has caused a shift in consumer sensibilities, and brands that respond to this change will be better positioned to earn their loyalty, according to a new study.

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