The Fashion Institute of Technology (FIT), a part of the State University of New York (SUNY), has announced the launch of a new research center dedicated to the beauty industry. Named The Beauty Center at FIT, this facility focuses on global business strategy and consumer trends. Established in collaboration with major beauty industry players, including Cosmoprof North America, The Beauty Center at FIT is an extension of FIT’s renowned Cosmetics and Fragrance Marketing and Management (CFMM) graduate and research program, which will celebrate its 25th anniversary next year. CFMM’s past research includes extensive field studies in markets such as Asia (China, Hong Kong, India, Japan, Korea, Singapore), the Middle East/North Africa (Morocco, UAE), and Europe (Denmark, France, Greece, the Netherlands, Spain, Sweden, UK). The CFMM graduate program, the only one of its kind in the United States, has produced over 450 graduates and is recognized as the "Think Tank for the Beauty Industry.” Notable CFMM alumni include executives from prestigious companies like Chanel, Coty, Inc., DSM Firmenich, e.l.f. beauty, Estée Lauder, IFF, L’Oréal, LVMH, Shiseido, and Unilever. The creation of The Beauty Center at FIT is set to enhance the program’s capabilities in predicting market trends, identifying strategic business opportunities, and continuing its legacy of global research excellence. The Center aims to provide thought leadership within the beauty sector. Follow us here at NKG Advisory Business & Consulting Services Pvt. Ltd. for more intriguing content on Compliance, Regulatory services, and consulting for D2C brands. Visit our website: www.nkgabc.com to know more. To start your registration process: Email- [email protected] or call 9711197602 Source- https://lnkd.in/g9WDzXWK #compliance #nkg #regulatory #technology #india #entrepreneur #regulations #Management #Leadership #explore #business #motivation #success #startup #drugs #tech #fit #fashion #institute #technology #insightscosmetics #cosmetics #Manufacturing #LinkedInNews #insights #NKGinsights
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🎉 Thrilled to Share a Milestone Achievement! 🎉 Today marks a significant moment in my journey as I celebrate the completion of a specialized certificate in Management of Fashion and Luxury Companies, a comprehensive course that has deepened my understanding of the intersection between fashion and marketing. Fashion has always been more than just a personal passion; it's a powerful expression of creativity. Embarking on this educational journey has allowed me to merge this passion with my professional path in marketing. This achievement is not just a certificate; it's the first step toward realizing my dream side hustle as an image consultant. It symbolizes the commitment to continuous learning and the fusion of personal interests with career aspirations. Here's to taking bold steps toward our dreams and blending our passions with our careers! #FashionMarketing #CareerGrowth #LifelongLearning #ImageConsulting #DreamBig
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🎓 Just completed an enriching journey studying the management of fashion and luxury companies! 🌟 Embarking on this course has been an eye-opening experience for me. It's not just about trends and aesthetics; it's about understanding the intricate dynamics behind the scenes that make these industries thrive. From brand positioning to supply chain management, every aspect plays a crucial role in shaping the success of fashion and luxury companies. What makes this field so fascinating to me is its blend of creativity and strategic thinking. Learning how to navigate the delicate balance between artistic expression and business acumen has been both challenging and rewarding. Moreover, in today's ever-evolving market, staying ahead requires a deep understanding of consumer behavior, technological advancements, and global trends. This course has equipped me with the knowledge and skills to analyze market dynamics, anticipate shifts, and innovate in this competitive landscape. I'm excited to apply what I've learned to make meaningful contributions to the fashion and luxury industry. Whether it's through innovative marketing strategies, sustainable practices, or fostering creativity in leadership, I'm committed to making a positive impact.
Completion Certificate for Management of Fashion and Luxury Companies
coursera.org
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💡 CEIBS Insights: Building Global Brands 💡 Find out more about why Chinese companies need to build global brands. Opening Paragraph: Every business survives by consistently creating value for its customers; without that perceived value, customers won’t keep coming back. However, in today’s business world, it is becoming increasingly difficult for companies to differentiate themselves from their competitors. Competing on price and convenience offers diminishing returns for companies, as emerging technologies will inevitably cut costs and distances for all. Building a brand, and with it an emotional connection with the customer, is the best way to create a lasting form of competitive advantage. Read on further here: https://lnkd.in/dmmKjfHD This article is based on a speech entitled “Why does China need to develop and nurture global brands? And how to do it?” by Dominique Turpin at the 10th China Brand Economy (Shanghai) Forum. Dominique Turpin is President (European) and Professor of Marketing at CEIBS. Prof. Turpin is a marketing expert and Japan specialist. He was IMD's Dentsu Chaired Professor of Marketing and the Dean of External Relations until 2022 and served as IMD President, Dean and Nestlé Professor from 2010 to 2016. #ceibs #gemba #ceibsinsights #chinesecompanies #globalbrands
Why Chinese companies need to build global brands
ceibs.edu
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Corporate Tracker report for @L'Oréal : L'Oréal demonstrates resilience in a challenging market, posting 6% like-for-like sales growth in Q3 2024 and 5% year-over-year growth. The company's strengths lie in its diverse product portfolio, strategic investments in R&D and digital expansion, and strong market leadership. However, L'Oréal faces headwinds including slowing sales in key regions like Mainland China's luxury sector and increased competition from brands like Olaplex and K18. Opportunities for growth include expansion of digital channels, product innovation focusing on sustainability, and strategic partnerships. The company must navigate threats such as intense competition, economic volatility, and shifting consumer preferences towards budget-friendly and sustainable products. Despite these challenges, L'Oréal's robust performance and adaptability position it well for continued success in the dynamic beauty industry.
LRLCY L'Oréal SWOT analysis based on Q3 2024 Earnings Call 2024-10-22
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Fortune favours the bold. This translation of the Latin proverb "audentes Fortuna iuvat" and its variations has been widely used to emphasise the rewards of courage and bravery. Leadership attributes we recognise as necessary precursors to success. In our field of expertise - brand and marketing, the version expressed by Louis Pasteur, the French microbiologist and chemist: "Dans les champs de l'observation le hasard ne favorise que les esprits préparés", meaning "In the fields of observation, chance favours only the prepared mind.” is particularly resonant. There are some things you simply must get right from the start. We know from our work with clients in major enterprises and also entrepreneurs, that a well-prepared brand strategy is one of the key elements that will set you up to achieve success. When the favour of chance arises, you will be ready and able to see it through the lens of clarity, acting with bravery and focus. Three notable examples of a bold strategy have stood the test of time - and returned compelling ROI. The brand strategy that created 100% PURE NEW ZEALAND. Shifting conventional thinking on tourism brands, and building a lasting asset for the country, 3.5% of New Zealand's economic output. Growth in the tourism sector in New Zealand has averaged 6.9% since 2000. An internal culture and change strategy for VODAFONE that brought brand and culture together to share a new way of thinking and working. This approach proved its durability and value when deployed in Australia, Sweden, Dubai, and Egypt, influencing the culture at Vodafone HQ in London, and inspiring a shift to values-based culture for the brand globally. The successful NIKE CHINA market positioning strategy prior to the Beijing Olympics started a process of investment and innovation driven by and unique to the Chinese market. Nike Inc posted a 6 percent year-on-year growth in sales in China to $2.08 billion in the third quarter of fiscal year 2024, the sixth consecutive quarterly increase here for the sportswear company. Luminous is an integrated brand agency headquartered in Australia with collective partners in key global locations. We work with clients worldwide to build contemporary brands that deliver competitive advantage. Our globally experienced team has worked with some of the world’s leading brands in more than 8 countries. Do you want the benefits of global brand experience for your enterprise? Get in touch with Luminous Strategic to focus and elevate your brand and transformational strategies, captivate your audiences, and drive measurable results. #brandstrategy #boldaction #businessresults #ROI #luminoustrategic
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Will M&A activity in the #beauty sector shift towards new strategic targets? Over the past few years, it has seemed like everyone – from online influencers to top-tier financiers – has staked their claim in the beauty market, launching brands, incubating startups or making high-profile investments. So what’s next for M&A in beauty? First, I do expect to see more crossovers between the beauty and #luxury spheres. In late 2022, Estée Lauder`s $2.8bn acquisition of the TOM FORD brand showed its confidence in luxury as a major revenue driver. Kering Group’s $3.8bn purchase of luxury fragrance house Creed as cornerstone of its new in-house beauty division, is another example. Gucci’s beauty license – currently held by Coty until 2028 – is reportedly worth as much as $500m in sales… will Kering bring it in-house next? Richemont indicated a similar strategy, announcing the formation of its Laboratoire de Haute Parfumerie et Beauté. Second, I expect to see continued investment into developing markets, specifically India. The Indian beauty sector is ballooning, as international groups target the region for expansion. The Carlyle Group recently took a $300m majority stake in VLCC, a provider of beauty and #wellness solutions; LVMH struck a deal with Reliance Industries to expand SEPHORA India, and in the same month, Unilever Ventures announced the backing of haircare brand WishCare and predicted “many, many decades” of “massive growth” in the segment. Thirdly, and perhaps most interestingly, I predict that M&A strategies will fundamentally shift. Since the beginning of 2023, for example, L'Oréal has built up a raft of #sustainability and technology focused acquisitions, buying in microbiome research know-how with the acquisition of Lactobio, taking a minority stake in Chinese biotech company Shinehigh Innovation; and acquiring the environmental water tech startup Gjosa SA. In the past few months, Shiseido acquired Dr. Dennis Gross Skincare, Unilever Prestige took control of K18 Hair and Puig bought Dr. Barbara Sturm. These are businesses that not only address a distinct consumer need and complement existing portfolios, but have proven scalability, global relevance, and a pre-existing multichannel pres...
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I’m happy to share that I have completed the engaging Coursera course in Management of Fashion and Luxury Companies, offered by Università Bocconi. This course gave me the opportunity to deepen my knowledge about #luxury and #fashion industries and about the leading companies in these sectors. #ManagementOfFashionAndLuxuryCompanies #LuxuryManagement #FashionManagement #SDABocconi
Completion Certificate for Management of Fashion and Luxury Companies
coursera.org
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I'm happy to share that I’ve successfully completed a new certification: "Management of Fashion and Luxury Companies" from Università Bocconi! 🌟 I am excited to apply these new skills in my career journey. #fashionmanagement #luxuryindustry #fashion #luxury
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