Sales & Education Executive

Luxury & Premium Daily Radar - September 23, 2026 | Prada turns the store into a destination, Givenchy strengthens its organisation and Bentley opens its electric era today. Editor at LUXONOMY(TM) Group. Business Development. Press play to listen to this article VOXREAD(TM) by LUXONOMY(TM) Group Luxury enters today with a revealing contradiction: the wider market remains under pressure, yet companies with privileged access to high-net-worth clients continue investing aggressively in exceptional stores, private service, innovation and experience. Reuters reports that middle-class luxury spending is weakening, fewer than half of brands are currently growing and some houses are spending as much as €10 million on a single runway show, while consumers increasingly allocate money to wellness, health, longevity, hospitality and experiences. Corporate moves | Givenchy strengthens marketing, VIP client development and organisation for Sarah Burton's next phase. The LVMH maison has appointed Alistair McCallum Chief Marketing Officer and Nicky Grays HR Director, both joining on September 30 and reporting directly to CEO Amandine Ohayon. McCallum comes from Burberry, following earlier roles at McQueen and Fendi spanning global communications, influence, VIP relations and positioning; Grays joins from LVMH Fashion Group Americas after previous positions at Farfetch, Stadium Goods and Moda Operandi. The appointments follow Marco De Vincenzo's arrival to lead leather goods and precede Givenchy's October 2 show. A luxury-house turnaround is no longer a creative-director exercise alone; product, communication, top clients, talent and commercial execution need to move together. Retail | Prada Galleria opens to the public in Milan today and may be one of the clearest templates for the luxury flagship of the next decade. The project spans eight levels inside the Galleria Vittorio Emanuele II, where Prada began in 1913, combining Prada Donna, Prada Uomo, Marchesi 1824, Osservatorio Fondazione Prada, an exclusive private-client salon, a permanent exhibition and an underground passage connecting both boutiques. Andrea Guerra told Reuters that Prada wants to deepen relationships with its highest-spending clients while attracting new shoppers, and expects the complex to generate around €100 million in annual revenue. The store is becoming retail + art + archive + food + hospitality + private clienteling, with Prada planning apartment-style spaces for clients across around 25 major global capitals. Fashion | Milan Fashion Week moves into its first major maison-heavy day after Prada and Vogue World opened the week. Wednesday brings Jil Sander at 10:30am, Fendi at 2pm, Missoni at 4pm, MM6 Maison Margiela at 6pm and Etro at 7pm. Fendi presents Maria Grazia Chiuri's second collection in this new chapter, while Simone Bellotti continues defining his language at Jil Sander. Milan also follows a Vogue World event built around Italian savoir-faire and the relationship between the human hand and artificial intelligence. The question reaches far beyond fashion: as technology makes imagery, concepts and content cheaper to create, time-intensive craft, materials and recognisable authorship may become economically more valuable. Luxury automotive | Today belongs to the Bentley Torcal, the car that must prove electric ultra-luxury can preserve emotion and status. Bentley stages the world reveal of its fourth modern model line in London on September 23, joining Continental GT, Flying Spur and Bentayga. Bentley already describes the Torcal as the most powerful and fastest-accelerating production Bentley in its history, using instant electric torque to reinterpret a traditional brand attribute: immense, effortless performance. Full European range and homologation figures are still pending, so final specifications are best left until today's presentation. The real challenge is commercial rather than technical: Bentley needs wood, wool, metal, sound, tactility, silence and craftsmanship to replace part of the emotional role previously played by the V8 and W12. Watchmaking | H. Moser & Cie. is challenging the boundary between haute horlogerie and digital technology. The new Streamliner Off-Grid is a 42.6mm analogue-digital hybrid combining Moser's Streamliner design language with a screen, GMT, perpetual calendar, split-seconds chronograph, vibrating alarm, moon phase, sunrise/sunset information and Bluetooth connectivity. Two versions are limited to 1,000 pieces each, priced at roughly US$4,900 - dramatically below the usual Moser entry point. It is deliberately not trying to become a fitness wearable or notification device; digital technology is being used for horological functions. The more interesting innovation may be commercial: an independent haute-horlogerie house has created a far more accessible gateway without pretending to be a technology brand. Jewellery | Chicago provides another test today of growing demand for signed jewellery, provenance and difficult-to-replicate pieces. Freeman's holds its September 23 Important Jewelry auction, valued at approximately US$2.7 million, led by a Harry Winston diamond ring, Colombian emeralds, Burmese sapphires and signed works from Buccellati, Bulgari, Cartier, Fabergé and Verdura. The Harry Winston ring carries a US$100,000-US$200,000 estimate. Whatever today's final results, the curation mirrors what is already visible in collectible watches: the secondary market increasingly rewards house name, recognisable design, provenance and scarcity rather than material weight alone. Beauty | Nuxe changes CEO as Unilever Ventures invests in a new frontier: hair longevity. Christine Delfaut-Sara takes over as Nuxe CEO on October 1, after seven years with the company and previous experience at Beiersdorf and Yves Rocher. Her mandate includes international expansion and transformation for a brand available at more than 30,000 points of sale across 60 countries. At the same time, Unilever Ventures has led a Series A round in Arey, focused on proactive hair ageing and greying solutions, funding R&D, clinical studies, hiring, consumer education and retail expansion. Arey has completed a six-month randomised, double-blind, placebo-controlled study involving 173 participants. A new category is emerging: beauty is moving from disguising ageing towards selling prevention and longevity backed by scientific evidence. Hospitality | Galaxy Macau wants to bring luxury clienteling into the guest's smartphone. The resort launches its new Galaxy Resort App and Galaxy Rewards lifestyle programme today, integrating stays, dining, entertainment and loyalty into a continuing relationship. Large resorts increasingly want to know the guest before check-in, recognise preferences during the stay and maintain engagement after departure. Luxury-hospitality CRM is moving closer to the model used by major maisons: identity, history, preferences and access become strategic assets. Luxury travel | Saint-Barthélemy continues attracting hospitality models built around private villas and concierge service. Bo House, Eterniti's luxury property-management and rental business, launches today in Saint-Barthélemy, its first market outside Europe and its Caribbean debut. Founded in Saint-Tropez, the business already curates more than 350 villas and chalets across Saint-Tropez Bay, Courchevel and Méribel. The expansion reflects a growing UHNW preference for something distinct from the conventional hotel: private residence, hotel-grade service, discretion, concierge and longer stays within professionally managed infrastructure. The LUXONOMY view. September 23, 2026 points to luxury reorganising around three scarce assets: access to the best customers, recognisable cultural intellectual property, and experiences that cannot easily be replicated on a screen. Prada is building eight levels designed to keep its best clients inside its universe for longer; Givenchy is reinforcing marketing, VIP relationships and product; Bentley is translating 107 years of heritage into electricity; Moser is combining technology and collecting without becoming a smartwatch brand; Nuxe and Arey connect beauty to science and longevity; and Galaxy Macau turns the resort into a continuous digital relationship.

L'Oreal steals French stock market crown from LVMH. Published on 09/15/2026 at 11:37 am EDT - Modified on 09/15/2026 at 11:59 am EDT PARIS, Sept 15 (Reuters) - Cosmetics group L'Oreal became France's most valuable listed company on Tuesday, surpassing Louis Vuitton owner LVMH as high-end luxury companies remain under pressure after years of slowing sales and lacklustre earnings. It is the first time since 2017 that a non-luxury company has claimed the top spot on the Paris bourse at the end of a trading day. Berenberg analyst Nick Anderson pointed to the lipstick effect: When the economic mood is bleak, it becomes easier to sell small treats rather than high-end handbags, shoes and dresses. "People simply can't afford to buy these expensive luxury items and instead are indulging in small luxuries like the proverbial lipstick to make themselves feel better." L'Oreal's market capitalisation reached around EUR203 billion ($234 billion) late on Tuesday, according to LSEG data, with LVMH at EUR201 billion. PROLONGED SLUMP Hit by a prolonged economic slump in China and the war in the Middle East, the global luxury industry has been contracting over the last three years. According to consultancy Bain, around 60 million consumers have turned their backs on luxury goods as persistent price hikes have pushed high-end fashion brands out of reach for many buyers. Shares in L'Oreal, which also produces high-end cosmetics for fashion labels like Armani and Yves Saint Laurent, are up 5% this year, compared with a year-to-date loss of 35% for LVMH. LVMH, controlled by the family of CEO Bernard Arnault, became Europe's most valuable company amid a pandemic-era spending boom in 2021, but today is dwarfed by chipmaker ASML - now worth three times as much - and Swiss pharmaceutical giants Roche and Novartis. Its shares were down 2.3% on Tuesday. Based on current stock market data, LVMH on Tuesday also lost its place among Europe's 10 largest companies by market capitalisation. Arnault, meanwhile, has lost his title as Europe's wealthiest person to Zara founder Amancio Ortega, according to Forbes' real-time billionaire ranking. Apart from a resilient but small group of ultra-rich shoppers, LVMH is suffering from a structural lack of demand, Anderson said, pointing to the economic downturn in China, once the industry's growth engine, and other factors. "We're scared about tax rises everywhere across Europe. You've got inflation worries, you've got AI job worries. There's just something everywhere," Anderson said. "I don't see luxury trends significantly improving," DWS equity portfolio manager Stefan Bauknecht said, adding that L'Oreal's new lead could well be here to stay. LVMH and L'Oreal have been approached for comment. ($1 = 0.8663 euros) (reporting by Piotr Lipinski. Editing by Tassilo Hummel and Mark Potter) By Gianluca Lo Nostro and Tassilo Hummel (C) Reuters - 2026