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.
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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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Dubai Duty Free home delivery racks up US$13 million in sales
Dubai Duty Free racked up sales of approximately US$13 million via the home delivery service it set up in June, 2020, according to a report published by TR Business.
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TFWA set to return to Cannes for 2021
TFWA has announced that its World Exhibition & Conference is planning to return to Cannes this September for an in-person event.
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Lagardère Travel Retail partners with Hainan Tourism Investment Development to open large scale store
Lagardère Travel Retail has partnered with Hainan Tourism Investment Development to open its second large-scale, Duty Free store in downtown Sanya.
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Lessons Learned in 2020 – Events
What happened?Mass gatherings of people, extensive international travel, the unrelenting flow of product – the writing was on the wall for big events as soon as the myriad restrictions and consequences of COVID-19 became clear, and it became one of the hardest hit...
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Clarins to reorganise travel retail division
Clarins is poised to create a new Global Travel Retail division, effective in January next year, according to a report published by TR Business.
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L’Occitane Q2: Recovery could be around the corner as net sales decline narrows
L’Occitane has announced its results for the second quarter of the current financial year (FY2021). The group reports that recovery is on the horizon as its net sales decline has narrowed significantly from 22.2 percent in Q1 to 4.5 percent this quarter. As a result, sales were down 13.1 percent to €616.6 million for the six months ended September 30, 2020.
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Lagardere Travel Retail opens eight new stores in Chinese airports
Lagardère Travel Retail has cut the ribbon on eight luxury beauty and fashion stores in two major Chinese airports.
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The Estee Lauder Companies Q1 2021: sales down 9 percent
The Estee Lauder Companies has reported its results for the first quarter of fiscal 2021. In the three months ended September 30, 2020, the US prestige beauty behemoth saw sales drop 9 percent on a reported basis to US$3.56 billion.
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