The China beauty market is maturing at a rapid pace, causing growing pains for multinational beauty firms. Companies increasingly find themselves competing against local brands and navigating a rapidly evolving retail channel where specialty chains and online retailers are gaining serious ground. South Korean brands, in particular, are gaining in popularity and putting pressure on Western beauty companies.
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)