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As luxury brands continue to shift from licensing models to in- home possession, they are focusing on charm. The industry’s highest profitability in this class may help rearrange and enhance a brand’s reputation. Yet, bringing a beauty business in- house is not without problems.
It can be challenging to craft a strong brand message across all channels, for instance, if a fashion and beauty team does n’t collaborate well. Moreover, charm is a highly aggressive and congested field, making it challenging to develop a loyal consumer base. However, when done properly, it can be a effective tool for extravagance models to grow. Puig is an example of a business that successfully merged a fashion and beauty organization and experienced significant growth.
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