Exclusive: Behind Saint Laurent’s Sales Boom

Colour Cosmetics Are Back, Zegna Targets €2 Billion Sales

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, MAY 18, 2022 Chief executive Francesca Bellettini breaks down how Saint Laurent has become a nearly $3 billion business. Colour cosmetics are back in demand, bringing new collections and brands, including one from Euphoria's makeup artist. Zegna aims to surpass €2 billion in annual sales in the next four to five years, a 55 percent increase on 2021. After shuttering during the pandemic, New York City discount retailer Century 21 will return to its original location in 2023.

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LUXURY How Saint Laurent Became a $3 Billion Powerhouse By Robert Williams

Chief executive Francesca Bellettini breaks down how she worked with designer Anthony Vaccarello to double sales in 5 years, leaning into an amped-up take on Parisian glamour, seasonless merchandising and a rapid expansion in leather goods. READ MORE

BEAUTY Colour Cosmetics Make a Bold Comeback By Chavie Lieber

Makeup is now growing twice as fast as skin care as beauty shoppers turn to neon eyeshadows and shimmery blushes for looks inspired by TikTok trends and the Y2K revival. READ MORE

Ermenegildo Zegna Targets More Than €2 Billion in Sales READ MORE

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NEWS BRIEFS Century 21 Will Reopen Next Spring in Same Lower Manhattan Location L Catterton Invests in Another Hair Extensions Brand US Retail Sales Rise Strongly, Manufacturing Output Accelerates JD.com Beats Quarterly Revenue Estimates on Increased E-Commerce Demand Shopee-Owner Sea Tops Revenue Estimates on E-Commerce Strength

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Neiman Marcus is Hiring Opportunities at Neiman Marcus include a Director of Luxury Market Intelligence, a Senior Manager of Product Design and a Merchandise Coordinator in Dallas, an Assistant Buyer and an Ecommerce Data Coordinator in New York and a Visual Stylist in San Francisco, among others. Founded in 1907, the Neiman Marcus Group consists of the department store brands Neiman Marcus and Bergdorf Goodman. With a team of over 9,000 associates, NMG has a majority female-led leadership team and over 37 Neiman Marcus stores as well as an online presence. VIEW JOBS

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