Even in a tough economy, YSL Beaute is determined to give the high-end beauty market a little lip this month — with the launch of Gloss Pur lip gloss, its newest lip range. And the brand doesn’t plan to stop at the lips.
“We have seen double-digit growth in lip products and with fragrances, such as our L’Homme, even in this tough economy,” said Marc Rey, chief executive officer and managing director of YSL Beauté in the U.S. “Certainly, the economy is very tough and getting more so, and nobody is immune. But globally, we had a very good 2008 and were very positive in growth. According to NPD, we were up 5 percent globally, and the market was down 6.4 percent.” Those figures do not include the brand’s sales on QVC and in certain retailers who don’t participate in NPD, such as Neiman Marcus and certain online vendors, he noted.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)