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4.c- Beauté - Page 37

  • Egypt Raises Import Duties on Luxury Goods to 40 Percent [#Egypt #Import #Duties #Luxury]

    ABC NEWS - CAIRO — Jan 31, 2016, 6:54 AM ET

    Egypt has placed new import duties on luxury goods, applying a presidential decree aimed at steering demand toward local products.

    Cairo airport official Mohammed Mahmoud says Sunday that the decree issued last week raises taxes 10 percentage points to 40 percent.

    The affected goods include household appliances, consumer electronics -- including game consoles and stereo equipment -- clothing, perfumes, pens, lighters, watches and nuts.

    The move comes as Egypt attempts to shore up dollar reserves and make sure they are used for essential products like food commodities, industrial equipment, raw materials and medicine.

    The economy is still reeling from years of turmoil following the 2011 overthrow of longtime autocrat Hosni Mubarak, and many importers have turned to a black market for dollars in order to pay for imported goods.

    [BY THE ASSOCIATED PRESS]

  • Chanel Chief Executive Maureen Chiquet will leave the company by the end of January [#Chanel #US]

    French luxury goods maker Chanel said on Wednesday that Chief Executive Maureen Chiquet will leave the company by the end of January, the New York Times reported.

    Chiquet, who has been CEO since 2007, is leaving "due to differences of opinion about the strategic direction of the company," the NYT quoted Chanel as saying.

    Chairman Alain Wertheimer will take over operational responsibilities as the company seeks a new leader, the Times reported.

    The news of Chiquet's departure came just a day after Chanel exhibited its latest haute couture collection in Paris.

    Chanel could not immediately be reached for comment outside regular business hours.

    [READ ON REUTERS]

    A Francophile since childhood, Maureen Chiquet has climbed the ladder of the fashion industry to lead the world’s most glamorous brand

    Ever since she was a child, Maureen Chiquet has had a love affair with all things French. As a young girl, she dreamt of “living in Paris and being French”, she told Time in 2010.

    Her other passion was the visual arts, and she hoped she would one day have a career in “creating beautiful products and images”. Now, as the CEO of France’s most famous fashion house, the 50-year-old American businesswomen might feel that she has fulfilled the ambitions of her childhood self.

    Passport to Paris
    Born Kathryn Daughtery Maureen Chiquet in St Louis, Missouri, in 1963, she went on to be educated at the prestigious Yale University in Connecticut. Shortly after being named CEO of Chanel in 2007, she spoke to the alumni magazine about her career. She said her time at the university had been particularly fruitful: “One thing that’s unique about Yale in my memory was the access you get to great minds. There was never a hurdle. Maybe that environment creates that feeling of power to do things that are extraordinary.”

    Graduating with a degree in film and literature, she was unsure of what to do next in her career: she walked out of one of her LSAT law exams. Instead, she found an internship in the city she had dreamt of living in since a child, as marketing intern at L’Oreal Paris. Speaking to Time, she described that moment as “the beginning of my career and love affair with the world of beauty and fashion”.

    [TO LEARN MORE ABOUT MAUREEN CHIQUET]

  • Experiential Retail: How industry leading cosmetics brands are moving ahead. [#loreal #retail #us]

    By Deanna Utroske, 27-Jan-2016

    L’Oréal’s color cosmetics brand NYX Professional Makeup just opened a digitally enhanced flagship store in California’s Silicon Valley. It’s the start of a new retail strategy for NYX and part of an industry wide movement.

    [READ MORE]

    About NYX Cosmetics:
    NYX Cosmetics, named after the ancient Greek goddess who ruled the night, is known for its high-quality, professional makeup and incredibly wide shade selection – ideal for both artistry and every day creative looks. Since its launch in 1999, NYX Cosmetics has introduced products in every makeup category and rarely discontinues shades.  It is one of the fastest growing cosmetics brands domestically and internationally. Loved by makeup artists and beauty aficionados alike NYX Cosmetics features over 1500 SKUs in their product line.  For more information, please visit www.nyxcosmetics.com.  

  • Heavier #Regulations Being Considered by the US Congress. [#Cosmetics #US]

    By Kenneth Artz (KArtz@heartland.org) research fellow for health policy at The Heartland

    Rep. Pete Sessions (R-TX) introduced the Safe Cosmetics Modernization Act (SCMA) in the U.S. House of Representatives in November 2015.

    Sessions said in a statement given while introducing the bill that it would streamline and strengthen consumer safety requirements without “strangling small businesses in the cosmetic industry with onerous regulations.”

    “[SCMA] creates uniform standards and provides entrepreneurs and innovators in the cosmetic industry with the opportunities they need to compete in both national and international marketplaces by modernizing outdated regulations,” said Sessions in his statement.

    [READ MORE]

  • Cruel dilemma: European Union law bans cosmetics testing on animal, China requires it. - [#cosmetics #animaltesting]

    The announcement that PETA UK has accused nine leading cosmetics brands of breaking European law by selling products tested on animals for the Chinese market is very disturbing, if not surprising.

    European Union law bans the sale of any cosmetic product that has been tested on animals in finished form after 2004, as well as cosmetics containing ingredients subject to new animal testing after 2013.

    According to PETA, cosmetics brands Benefit, Bliss, Caudalie, Clarins, Clinique, Dior, Estée Lauder and Gucci all sell their products in China, where the law requires pre-market animal testing for all imported cosmetics. There are also reports of Chinese authorities carrying out post-market animal testing on cosmetics already approved for sale, and also requiring companies to carry out additional animal testing for cosmetic ingredients that have not previously been approved for use in China.

    [READ MORE]