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A dip into the recent plot twists of the nearly half-trillion-dollar beauty industry: Inside LVMH’s Givenchy fumble, the pivot away from “clean beauty,” the Sephora Industrial Complex, and the Drunk Elephant-ization of niche.
In the midst of New York Fashion Week, Lauren Sherman and I sat down to discuss one of our favorite shared topics (after Estée Lauder and Glossier, for me, of course) in the industry: LVMH. Obviously, the House of Arnault is the largest luxury conglomerate in the world, parentco of many of the biggest names in fashion, wine, and spirits, among other sectors. In some ways, however, LVMH’s power in beauty is even greater.
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