CELINE ENTERS THE BEAUTY ARENA WITH "THE ARC DE TRIOMPHE COLLECTION”
French fashion house Celine, part of LVMH Group, is entering the beauty category with its debut lipstick line.
It is the first colour cosmetics release from Celine Beauté and led by Creative Director Hedi Slimane. Other product categories to be released include mascaras, loose powders, eye liners, blushes and nail polishes.
This initiative comes in the context of a highly lucrative global market for luxury and ultra-luxury cosmetics, with annual growth expected to reach 8% and the potential to double by 2027.
According to a report by Transparency Market Research released last year, the global beauty market is expected to reach €613 billion by 2031, accompanied by an average annual growth rate of 5%. While the beauty sector as a whole is expected to grow at this pace, the prestige segment is expected to show even stronger performance, with an estimated annual growth of 8%. This is where fashion houses see the opportunity to launch cosmetic lines and ensure significant margins.
Already engaged in high perfumery since 2019 under the guidance of artistic director Hedi Slimane, Celine now aims to conquer the beauty universe. Celine Beauté was conceptualized by Slimane last year. She will unveil the "Rouge Triomphe" collection by the end of 2024, consisting of a range of fifteen lipstick shades, all available as of January 2025. The announcement of this launch was made outside the Fashion Week schedule through a film titled "The Arc de Triomphe Collection."
Sources :
Moodie Davitt report https://lnkd.in/erJRjqc9
Luxury Tribune https://lnkd.in/e_4scCpz
#luxury #beautyindustry #Celine #ArcdeTriomphecollection #lipstick #LVMH
CELINE (LVMH) announces its entry into the #beauty segment with its first lipstick set to launch in the fall of 2024.
Celine announces entry into beauty segment - Luxury Tribune
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