Renee Cosmetics raises $1.5 million in Pre-Series A funding round
New Delhi-based Renee Cosmetics has raised $1.5 million in a pre-series A funding round, which was led by Equanimity Ventures, 9Unicorns and Titan Capital.
L’Oréal Travel Retail Asia Pacific announces leadership reshuffle
L’Oréal Travel Retail Asia Pacific has announced that Emmanuel Goulin, Managing Director of the division, has been appointed Deputy Country General Manager of L’Oréal Italy, heading up the Luxe division and succeeding Luca Guillot Boschetti.
Lotte Duty Free to debut sitcom featuring BTS
Lotte Duty Free is set to debut a ‘travel sitcom’ this week featuring K-pop stars BTS, according to a report published by Meaww.
JD.com snaps up minority stake in Lagardere Travel Retail Asia
Lagardere has announced that it has sold a stake in its Lagardere Travel Retail Asia arm to JD.com and a Chinese investment firm for CNY720 million in cash.
Arnault cuts ties with Lagardere
Bernard Arnault has ended his shareholder agreement with Arnaud Lagardere, according to a report published by Reuters.
DFS promotes Ariel Gentzbourger to Executive Vice President Merchandising
DFS has announced the promotion of Ariel Gentzbourger, formerly Senior Vice president Beauty and Fragrance, to Executive Vice President Merchandising.
Goop teams up with Celebrity Cruises to offer wellness program
Celebrity Cruises and Goop have furthered their partnership with a program of wellbeing classes to be held on board a series of four Caribbean sailings this fall.
Dufry 1H 2021: gradual recovery as sales hit 50 percent of 2019 levels in July
Dufry has reported a turnover of CHF1,187.2 million for the first half of 2021, 69.5 percent down on 2019 levels. The travel retail operator said that the resumption of travel in the US, Central America and parts of EMEA was driving a gradual recovery.
Lagardere 1H revenue up 5 percent despite uncertainty in travel retail channel
Lagardere has reported its results for the first half of the current financial year. The group saw revenue increase 5 percent like-for-like on the same period in 2020 thanks to an exceptional performance from its publishing arm.
Flydubai unveils duty free eShop
Flydubai has announced the launch of its new online shopping facility, according to a report published by Trade Arabia.
LVMH reports H1 sales high as luxury fashion proves pandemic proof
LVMH has reported a net profit leap of 62 percent in H12021 as opposed to 2019, which was bolstered by record sales for its key fashion and leathers goods division, driven by Louis Vuitton and Dior.
Chanel launches Beauty Studio at Paris airport
Chanel has partnered with Lagardere Travel Retail and Aeroports de Paris to open a new Beauty Studio at Paris’ Roissy-Charles de Gaulle Airport, according to a report published by DFNI Online.
Shiseido to open boutique at Haneda Airport ahead of Toyko Olympics
Shiseido will launch a new boutique in the international departure area of Haneda Airport Terminal 3, ahead of next month’s Tokyo Olympics.
Chanel cancels dividend payments as pandemic hits profits
Chanel hasn’t paid dividends to its owners for the past year, according to a report published by the Mail on Sunday, and is not proposing to pay a dividend that would usually be due this month.
Frankfurt Airport Retail cuts ribbon on new beauty store
Frankfurt Airport Retail has unveiled a new beauty destination at the German hub’s Terminal 1 B-None-Schengen, according to a report published by DFNI Online.
16,000 passengers boarded flights to nowhere for duty free splurge
Almost 16,000 passengers have boarded 152 flights ‘to nowhere’ in order to indulge in a tax free shopping spree, according to a report published by The Korea Herald quoting data from the Korea Customs Service.
Come fly with me: Lotte Duty Free lays on flights to nowhere for VIP shoppers
Duty free operators are offering their best customers destination-less flights to enable them to shop at the airport, according to a report published by Bloomberg.
SK-II launches first social retail pop-up store in Hainan
Procter & Gamble-owned SK-II has launched its first ‘Social Retail’ pop-up store, located in the Haitang Bay Duty Free Shopping Centre, Hainan, China
Lagardere bows to activist investor pressure with concessions
Lagardere has announced a series of structural changes designed to appease activist investors ahead of the company’s AGM this week, according to a report published by Reuters.
British Airways to discontinue Elemis spas
British Airways has made the closure of its in-lounge Elemis spas permanent, according to a report published by The Points Guy, quoting Turning Left for Less.
Alibaba launches direct cargo flights to meet China’s luxury demand
Alibaba-owned Cainiao Smart Logistics Network has launched a direct cargo air route between Singapore and Hainan Island as demand for luxury goods in China booms, according to a report published by Bloomberg.
LVMH reports bolstered Q1 results; capitalizes on demand for luxury goods in U.S. and China
LVMH has reported a ‘good start to the year’, recording revenue at €14 billion for Q1 2021, up 32 percent YOY.
Drew Barrymore enters publishing space with new lifestyle magazine launch
Actress Drew Barrymore is set to launch a new lifestyle magazine with Bauer Media Group, with the first issue being published in June 2021, according to a report by WWD.com.
UK government called to introduce Arrivals duty free shops at British airports
A group of more than 60 MPs and peers are calling on the UK government to introduce Arrivals duty free shops in British airports, international rail and ferry terminals, according to Airport World.
Dufry scores two new concession contracts at Brazil airport
Dufry has been awarded two new concession contracts at Salgado Filho International Airport, Porto Alegre, Brazil.
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