Hermes snubs luxury resale market

By Mimosa Spencer PARIS - Birkin bag maker Hermes is not interested in getting involved in the fast-growing second hand luxury market which has attracted some its rivals, its chief Axel Dumas...

How the other half lives: luxury companies thrive

By Richa Naidu, Lucy Raitano and Mimosa Spencer LONDON/PARIS - While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000...

L'Oreal bucks trend with Chinese sales growth in Q2

By Mimosa Spencer PARIS -Cosmetics group L'Oreal bucked a declining trend for the luxury and fashion industry in China with sales growing in the second quarter despite COVID lockdowns, as the...

L’Oreal may continue to raise prices in a targeted manner, CEO says

By Mimosa Spencer PARIS - L'Oreal may continue to raise prices in the second half of the year to offset rising production costs, but would do so in a very targeted manner, the cosmetics group's...

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