The brand name LF has a dual meaning, as it can be understood as an abbreviation of Luis Figo’s initials, and can also be linked to the brand’s positioning as Luxury Fashion.

Azizi stated that with the launch of new development projects, the company will add nearly 20,000 rooms to Dubai’s hotel industry over the next five years.

The successful organization of the 2023 Cosmopack exhibition in Bologna attracted 2900 exhibitors from 64 countries, showcasing new trends and technological innovations in the beauty industry. This highlights the resilience and development potential of the industry in the face of economic fluctuations.

In 2022, Puig, which is 100% family-owned, achieved a new sales record, with revenue increasing by 40% year-on-year to €3.62 billion and net profit increasing by 71% to €400 million.

Coty’s Chairman, Peter Harf, stated, “Paris is the historic home of beauty, and the industry still holds a special attraction for investors there.”

Shanghai Jahwa has completed another acquisition of a maternal and child company.

Estée Lauder stated that although there has been an increase in foot traffic in major shopping areas such as China’s Hainan Island and Korea, consumer spending on luxury beauty products has lagged behind.

In 2022, Intersport France’s sales increased by 16.1% to 3.26 billion euros. Group leader Jacky Rihouet has promised to invest nearly 150 million euros in helping Go Sport get back on track within 7-8 years.

Karl Lagerfeld once stated, “I have designed the entire hotel. It’s the first time for me. I think it’s a great idea.”

Currently, the Japanese tourism industry is shifting towards wealthier clientele because they are more willing to spend on high-end luxury goods and services.