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Gustav Klimt's rare 'Elisabeth Lederer' painting fetches record $236.4 million - Most expensive work of modern art ever sold at auctionGustav Klimt's rare portrait of Elisabeth Lederer fetched a record $236.4 million at auction. This sale marks a historic moment for the art...- HUL, don't get Unileverised: The ice cream business melted away, but what’s next?HUL boss Rohit Jawa needs to think out of the box and make HUL what it was in pre-liberalisation India, independent and free thinking; haul...
- Read my lipstick, beauty is equity: What Warren Buffett’s investment in a beauty company foretells about the economyWarren Buffett's recent purchase of Ulta Beauty Inc. shares has sparked concerns of a possible US recession. This aligns with the 'lipstick...
- Affordable indulgences prevail as inflation bites the average IndianThe shift towards affordable indulgences can be seen in various sectors. For example, during a slowdown, consumers gravitate towards afford...
- From Pablo Picasso to Juan Gris, titans of art world often relied on optical illusion to make their paintings stand outOptical illusions create a feeling of space.
- Our lipstick obsession says a lot about the economyBut cosmetics demand isn’t confined to lipstick. The natural “clean girl” aesthetic, characterized by glowing skin, has generated interest ...
- Cosmetics sales soaring: People rediscovering their social lives as Covid cases continue to fallIf lipstick sales at Lotus Herbals took a 75% hit at the peak of the pandemic, the fall was 60% for Colorbar, 50% for Biotique and 60% for ...
- From panic buying, consumers have moved on to indulgent buying during the pandemicAs people hunker down at homes, fearing for their health, worried about their jobs and bored out of their minds, a variant of The Lipstick ...
- With masks as the norm, will kajal index rule?It’s inevitable, as masks and gloves nearly wipe out lipstick and nail polish sales.
- ‘Lipstick index’ holds true for Indian marketWith big brands clocking double-digit growth rates, the colour cosmetics category has bucked the slowdown.
- Estee Lauder heiress now among world's richest people, boasts of an estimated $4.3 bn fortuneJane Lauder ranked No. 461 on the list, just behind New England Patriots owner Robert Kraft.
- Mark Zuckerberg loses $16.8 billion in a snap as Facebook plungesHis fortune tumbled as shares of Facebook slid 20% in post-market trading on disappointing results.
- Our priority in India is to grow the prestige part of the business: Fabrizio FredaEstee Lauder is localising products, strategies to make use of the unique opportunity here.
- Young buyers drive 'lipstick' sales as slowdown gets sharperThe colour cosmetics market, according to industry data, in India is estimated to be Rs 1,600 crore, growing at a CAGR of 8% over the last ...
- Tycoon donates art worth over $1 bln to New York MuseumLauder said his gift was for "the people who live and work in New York and those from around the world who come to visit our great arts ins...
- India a critical part of the lipstick marketPeople spend more on cosmetics and less on bigger-ticket items to lift their mood in times of financial distress.
- The lipstick as an economic indicatorLipstick sales are a good indicator of economic depression. They take off as women boost their mood with inexpensive purchases. World's lon...
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