Chinese beauty brands are starting to go high-end, and that’s something international players will need to adapt to.
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Strong quarters by LVMH, Hermès and Kering buoy global luxury
Growth continued, yet, in some cases, at a slower rate than earlier in the year.
L’Oréal propelled by gains in Asia Pacific
A 19% surge to $3.36 billion (2.8 billion euros) was led by continued strong demand in China, where like-for-like revenue jumped 38%.