CANNES, France — Jean-Paul Agon, chief executive officer of market leader L’Oréal, came to this seaside town Monday to deliver the opening speech at the Tax Free World Association’s annual gathering. In the process, he gave the $34.5 billion travel retail industry a glimpse of its future.
Citing dramatic shifts in global affluence and population migration, Agon delivered his punch line: “Travel is the ultimate retail business of the future.” Noting that the U.S. has been the leading power since the end of World War II, Agon asserted, “We are now entering the Asian century, as China takes over.” He described this seismic shift in both financial and demographic terms. Later, Agon reiterated the point that 2009 was the first year when more than 50 percent of the market was in emerging countries and 90 percent of the world’s growth in the first six months of that year stemmed from them.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)