Carol Hamilton, president of L’Oréal Luxe USA, does not want to see an end to the double-digit growth the luxury beauty market has been experiencing. She believes what will keep the momentum going is educating the consumer about new products and benefits and providing great beauty experiences and education both in-store and online.
She became ever more convinced of the opportunity after recently attending a course in leadership at Harvard University called “Women in Power.” What struck her immediately was that of the 62 high-power women in the course, most were ill informed about beauty, makeup and skin care — and hungry for information. “They kept hounding me and asking, ‘Is there a eye cream that really works? What is the best mascara?....And are your products gluten-free?” With the luxury beauty market generating more than $20 billion in sales in the U.S., the executive said she’s always surprised that women and men are still asking such basic questions. “What renders the confusion in this category?” asked Hamilton in her talk entitled “From Beauty Novice to Beauty Junkie.”
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)