24 May 2024 --- LVMH Group and Alibaba Group extend their partnership to expand the “luxury experience” in China, while Chanel defies a slowdown in luxury with soaring annual sales. Chanel’s Fragrance & Beauty category grew across all categories, especially Makeup, thanks to the return of travel retail and sustained growth from local customers. Last year, the luxury French brand released the “first ever” lipstick in a glass case, 31 Le Rogue, retailing for €165 (US$179.04).
