June 24, 2013
Today in luxury marketing:
Maybe he's born with it? Tom Ford launches men’s beauty line
Designer Tom Ford revealed that Tom Ford for Men, a line of male-targeted beauty products—including bronzing gel, concealer, and a purifying mud mask—will be available this fall, Bloomberg Businessweek reports.
Electric car maker Tesla unveils 90-second battery pack swap
Tesla Motors unveiled June 20 a system to swap battery packs in its electric cars in about 90 seconds, a service chief executive Elon Musk said will help overcome fears about their driving range, per Reuters.
Valextra confirms IPO plans
Fueled and supported by its new owner, the London-based investment firm NEO Capital, Valextra is mapping out the next five to 10 years with the goal of launching an initial public listing, according to WWD.
Pflanz named chief of Rémy Cointreau
Rémy Cointreau named finance director Frédéric Pflanz as its new chief executive, to replace Jean-Marie Laborde, 65, who will retire from the French spirits group in September after streamlining the business and pushing it upmarket, the Financial Times reports.