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Global Cosmetics News - Daily Cosmetics Industry News
02.04.2025
Burberry has announced that it has entered into a multi-year partnership with London’s Victoria and Albert (V&A) Museum. As part of the deal, the UK-based designer will support the transformation of the Fashion Gallery, which will be renamed The Burberry Gallery.
The CEO of L’Oreal’s North Asia unit, Vincent Boinay, has forecast a return to growth for China’s cosmetics market. The company is expecting to see growth of 5 percent yoy in China for FY2025.
The US can’t get enough of K-beauty. Indeed, Korean cosmetics have become so popular that the country has overtaken France as the top exporter of beauty products to America. Shipments hit a record US$10.2 billion in 2024, up from 2020’s US$7.5 billion.
LVMH is said to have created a new unit to house its two Parisian department stores. The restructure saw the French luxury conglomerate acquire La Samaritaine from its DFS division and appoint Le Bon Marche’s Chairman and CEO, Patrice Wagner to oversee the two retail brands.