Global private investment firm Bain Capital Private Equity has signed an agreement to acquire a majority stake in Maesa, the beauty brand incubator behind labels like Kristin Ess Hair Care and Flower Beauty.
Chinese consumers may be switching more of their luxury spend to the domestic market at the moment, but some of their fellow Asia-Pacific consumers proved key to luxe spending in Europe’s major retail cities in Q4.
Chinese consumers were behind a third of all luxury spend globally last year, but more of their cash is being splashed out at home rather than in the world’s key shopping cities, the latest Bain luxury report said.
A group of representatives from the British Retail Consortium and Northern Ireland Retail Consortium met on Wednesday with EU negotiators to discuss some of the issues concerning retailers ahead of Brexit.
Since De Beers abandoned its decades-old policy of refusing to sell lab-grown diamonds as jewellery, the price gap between man-made stones and natural gems has widened - and the difference is set to get even bigger.