Beauty Inside Luxury | L'Oréal Buys Kering's Brand Equity While Estée Lauder Rebuilds Its Own

Luxury is having a slow year, and beauty is the part still growing. The industry is sorting into a consolidator, a rebuilder, an independent and a seller. Beauty is the healthiest corner of luxury, and it is consolidating around the one group with the scale to buy what others are selling. L'Oréal is compounding and acquiring, Puig is executing well at smaller scale. Estée Lauder has moved from crisis to repair, but not yet from repair to recovery. Kering has the cash from its sale, and L'Oréal has the decades of growth that came with it

#BeautyIndustry, #LuxuryEarnings, #LOreal, #KeringBeaute, #EsteeLauder, #Puig, #Kering, #Gucci, #PrestigeFragrance, #LuxuryFinancialization, #BusinessOfLuxury, #CapitalInsights, #PunjabCapitalResearch