SOLD! This week, the luxury economy was marked by a series of tactical acquisitions, which we have highlighted. From skincare to jewelry and medtech, luxury players are accelerating their evolution.
EE.L.F. Beauty acquired Rhode, Hailey Bieber’s skincare brand, marking a move into premium beauty and reducing reliance on China-based production. EssilorLuxottica bought Optegra, a European ophthalmology network — a step toward a fully digitalized, integrated care model.
In jewelry, Poiray joined the portfolio of Thierry and Arnaud Gillier (Zadig & Voltaire), aiming to tap into a resilient luxury segment.
For its part, Prada is acquiring a 10% stake in leather specialist Rino Mastrotto.
Speaking of bold moves, LVMH has officially named Jonathan Anderson as creative director of all Dior collections — womenswear, menswear, and haute couture. A first since Christian Dior himself, and a sign that vision and consistency still reign.
As talent takes the spotlight, the Centre du Luxe et de la Création recently met to shortlist the 2025 Luxury Talent award winners — celebrating those redefining excellence in the sector. The winners will be announced on June 19 during the annual Luxury Summit.
Still, not all the news was rosy. Rémy Cointreau posted a steep drop in sales and profits, while Capri Holdings — parent of Michael Kors, Jimmy Choo, and Versace — closed the fiscal year in the red, just months ahead of its anticipated sale to Prada. These results highlight the mounting pressures luxury groups are facing amid economic uncertainty and shifting consumer behavior. But Saks, after acquiring Neiman Marcus, secured $350 million in financing — a sign of agility amid consolidation.
And finally — on a lighter note — don’t forget to celebrate the fathers around you. We’ve selected 7 gifts to make their day a little brighter. Because sometimes, a small gesture is the real power move.
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Featured photos: © Luxus Plus
