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.
Arnault cuts ties with Lagardere
Bernard Arnault has ended his shareholder agreement with Arnaud Lagardere, according to a report published by Reuters.
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.
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.
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.
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.
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.
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