PARIS — L'Oréal aims to ensure YSL Beauté's profits will be as attractive as those of its other luxury brands if a proposed deal to acquire it from PPR goes through.
The French beauty giant intends to bring YSL Beauté's profit margins in line with L'Oréal's existing luxury brands in the medium to long term, Jean Paul Agon, L'Oréal's chief executive officer, told analysts during a conference call Thursday.
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)