Clockwise from Top.
Apologies for the lack of writing, it’s been a minute! :) Hopefully we can keep things more consistent this summer! :)
Hailey
e.l.f. Cosmetics announced Wednesday that it bought Hailey Bieber’s skincare brand Rhode for $1 billion. Started in just 2022, it’s a remarkable exit for a less than 3 year old influencer-founded brand, with, looking at the site right now, less than 20 SKUs. Talk about a productive product line up!
Rhode did $212M in sales their last fiscal year, which handily eclipses Kylie Cosmetics, and puts it within shooting distance of Rihanna’s Fenty Beauty and Kim Kardashian’s Skims.
Bottega Summer Campaign
As Bottega readies to move beyond new-Chanel creative director Matthieu Blazy, and release their first Louis Trotter-designed collection, they put together their summer campaign with a selection of celebs including Zadie Smith, Julianne Moore, and Tyler, the Creator.
Enjoy!
Maria Grazia
Dior announced yesterday morning that Maria Grazia Chiuri, the longtime creative director of Dior Women’s, is leaving the brand. Rumored for some time, yesterday’s show was her last and she will be devoting more time to restoring Rome’s Teatro della Cometa.
She has been at Dior for 9 years, and has seen enormous commercial success:
Revenues reportedly rose by nearly $8 billion from 2017 to 2023 as Chiuri’s vision of empowered femininity resonated with a new generation of clients.
These numbers have been widely reported, but if even close to accurate, they include revenue from all categories, including Men’s, and possibly beauty, and not just MGC’s women’s categories. Dior also saw absolutely astronomical increases in its DTC storefronts, which surely helped sales.
Clearly the leadership team at LVMH felt a change was necessary, and that the business could be better, and are reportedly tapping Jonathan Anderson, the new Men’s creative director, to also helm women’s. (Nicolas Ghesquière has been creative director of Louis Vuitton Women’s since 2013, and seems secure in his post.)
While MGC has overseen at lot of meh, she undoubtedly unleashed a torrent of now iconic SKUs:
And yet, it was still not enough!
Links.
JPMorgan Chase is trying to turn itself into a luxury brand.
At what point is this just an eating disorder.
Buzzballz - terrible name - is the one alcoholic drink that Gen Z seems to be liking.
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From Team TT
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