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As luxury brands continue to shift from licensing models to in- property ownership, they are focusing on beauty. The industry’s highest profitability in this class can help rearrange and strengthen a company’s reputation. Nonetheless, bringing a beauty business in- property is not without problems.
It can be challenging to craft a product communication across all channels if a fashion and beauty staff does not collaborate also. Furthermore, elegance is a very dynamic and crammed sector, making it challenging to create a dedicated consumer base. However, when done properly, it can be a prominent application for comfort brands to sprout. Puig is an example of a firm that properly merged a fashion and beauty division and experienced major expansion.