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    You are at:Home»Fashion Industry Insights»Must Read: Richemont Quarterly Sales Surge 20%, Bluemercury Appoints New CEO
    Fashion Industry Insights

    Must Read: Richemont Quarterly Sales Surge 20%, Bluemercury Appoints New CEO

    adminBy adminJuly 15, 2026No Comments3 Mins Read
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    These are the tales making headlines in vogue on Wednesday.

    Richemont Quarterly Gross sales Surge 20%

    Richemont, the dad or mum firm of manufacturers together with Cartier and Van Cleef & Arpels, climbed 20% within the first quarter to €6.33 billion ($7.5 billion), fueled by strong efficiency in each area and a pickup in watch gross sales. The outcomes spotlight jewelry‘s emergence because the luxury trade’s key development driver as consumers shift spending away from purses, benefiting Richemont whereas rivals LVMH and Kering proceed to battle. {Richemont}

    Bluemercury Appoints New CEO

    Alexandre Choueiri has been named CEO of Bluemercury, efficient Aug. 3. He succeeds Maly Bernstein, who left the corporate in September 2025 to hitch Tub & Physique Works. Choueiri beforehand held management positions at Kering Beauté Americas and L’Oréal. {Business of Fashion/paywalled}

    How Purses Are Taking Over Menswear

    Menswear’s subsequent huge business class is the handbag, with public figures like soccer participant Erling Haaland and actor Jacob Elordi driving mainstream visibility for the class. Purses reportedly appeared in 15% of the Spring 2027 menswear runways throughout high homes, whereas searches for “males’s purse” are up 637% yr over yr. The pattern comes as luxurious leather items look to smaller-ticket equipment and menswear to assist pull the class out of its two-year hunch. {Fashion United}

    Romain Spitzer Named Bottega Veneta’s CEO

    Kering has appointed Romain Spitzer, previously president and CEO of LVMH Magnificence’s Perfume Group, as Bottega Veneta‘s new CEO efficient Sept. 1, filling a emptiness left when Bartolomeo Rongone departed in March for Moncler. Spitzer joins artistic director Louise Trotter, whose first two reveals drew a optimistic response, because the model posted the strongest Q1 development amongst Kering’s vogue homes. {Vogue Business/paywalled}

    Chanel Faucets Gracie Abrams because the Face of Its New Perfume

    Picture: Courtesy of Chanel

    Chanel has named singer-songwriter Gracie Abrams because the face of Coco Mademoiselle Crush Absolu, the model’s new fragrance. “I really feel an immense sense of pleasure. I like that Coco is somebody who leaves a mark in all places she goes,” Abrams mentioned in an announcement. Created by in-house perfumer Olivier Polge, the perfume and marketing campaign will launch in August 2026. {Fashionista Inbox}

    Schiaparelli Launches First U.S. Boutique

    Schiaparelli will open its first standalone U.S. boutique this fall at South Coast Plaza in Costa Mesa, California, marking the model’s West Coast debut. The two,244-square-foot area, designed by artistic director Daniel Roseberry in partnership with structure studio Halleroed, will function an apartment-like format with golden tones, lacquered wooden and the home’s signature Surrealist motifs. {WWD/paywalled}

    Ingredient-Centered Pores and skin Care Prime AI’s Magnificence Suggestions

    The Bizarre leads the listing of magnificence manufacturers cited in AI responses based on information from 5W AI Communications, with CeraVe and La Roche-Posay rounding out the highest skin-care picks. The pattern favors manufacturers with sturdy ingredient transparency and dermatologist credentials, whereas legacy names like Estée Lauder lag far behind. As AI-driven search grows — NielsenIQ reported over 1 billion weekly magnificence searches on ChatGPT — manufacturers are anticipated to take a position extra in content material optimized for LLM discovery. {Glossy/paywalled}

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