China’s social media is the latest battleground for luxury brands looking to attract Chinese consumers WSJWhatsNow
For the world’s top luxury brands, the battle for Chinese consumers is moving to China. A stampede on social media is the latest front.
In the three months through June, average engagement on luxury Weibo account posts, a proxy for brands’ social media spending in China, increased 230% compared with the same period of 2019, according to data tracked by consulting firm Gartner. That contrasts with trends in Europe and the U.S., where brands have pulled back sharply.
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Dunkin’ Brands Expects to Close About 800 U.S. Stores This Year(Bloomberg) -- Dunkin’ Brands Group Inc. said it expects to close about 800 stores in the U.S. permanently this year, as well as about 350 internationally.The closures are part of a “real estate portfolio rationalization,” and will mostly involve low-volume sales locations, Dunkin’ said. The U.S. locations
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Corona Capital: Samsung, Luxury, LloydsConcise views on the pandemic’s corporate and financial fallout: Samsung’s late but welcome greening; China’s renewed enthusiasm for luxury goods; and Lloyds’ strategic disappointment.
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10 black-owned interior brands to upgrade your homeYou need to have these on your radar
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8 ELLE Editors on the Skincare Brands They Swear By'I feel like discovering the magic of Bioderma is a rite of passage for any beauty lover. It\u2019s been a part of my routine to years because it\u2019s so multipurposed. The product really morphs depending on what you\u2019re using it for\u2014in the mornings it\u2019s a great super-gentle cleanser to remove any oil or leftover product buildup, and at night it\u2019s the best makeup remover ever because it doesn\u2019t sting eyes but still gets all of your cat eye off.' \u2014 MA
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#BigLipstickEnergy: My Favorite Lipsticks from Black-Owned Beauty BrandsTHE DETAILS: \r\nGlitter got upgraded in a major way with Uoma Beauty's Black Magic Lipsticks. The packaging in itself is a wonder to look at, but even beyond that, this is no typical shimmer formula. It uses a multitude of glitters for a dazzling finish that reads multi-dimensional...and far from basic. This soft red shade has a sparkly sheen and is made with minerals and Brazil nut oil so it doesn't skimp on hydration. \r\nWHY I'M OBSESSED: \r\nI've been a fan of Uoma Beauty since the brand launched last year 2019. It's the first Afropolitan beauty brand that's all about self-expression, African Pride and inclusivity. Founded by CEO and creative director Sharon Chuter, each product has a purpose and is made with care, which you'll notice in the messaging and when you experience the products. (Chuter is also behind the PullUpOrShutUp movement on Instagram, which calls for transparency and progress in employee diversity by beauty companies.) What I love about this metallic red is it's surprisingly subtle, which you wouldn't be able to tell from the tube. You can build on the texture, and the metallic hue is iridescent but not too overpowering. \r\n...For more stories like this, including celebrity news, beauty and fashion advice, savvy political commentary, and fascinating features, sign up for the Marie Claire newsletter.SUBSCRIBE HERE
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Britain, EU Appeal to U.S. Not to Raise, Extend Tariffs on LuxuryIn August, the U.S. could decide to beef up, and broaden, punitive tariffs on British and European luxury goods which have been caught up in a long-running dispute over government subsidies to Airb…
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