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Day’s wrap: Sephora, New York taxes, Luxury Portfolio, Bugatti, Gucci and Belstaff

Sephora continues its mission in omnichannel retail. image credit: Sephora


Sephora grows its physical footprint, while other retailers close stores

LVMH’s Sephora is leaning into a heavier bricks-and-mortar presence with the addition of 35 new stores, as other retailers shrink their physical footprints.