THE WHAT? Chanel has revealed that sales and profits both delivered growth in the double digits for FY2023, with sales up 16 percent yoy to US$19.7 billion and operating profit rising 11 percent to US$6.4 billion. However, the French luxury brand warned that demand for luxury is on the wane.
THE DETAILS According to a report published by Bloomberg, the Asia-Pacific region led growth for the designer but the Americas region inched up a decidedly more modest 2.4 percent. The French label recommended a final dividend of US$5.7 billion for 2023.
THE WHY? Chanel said that the cost of living crisis has curbed purchases from ‘aspirational customers’, per Bloomberg. Chanel CFO Philippe Blondiaux told Bloomberg that he’s optimistic that a rising stock market and improving economic landscape will boost demand.
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
-
Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
-
Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
-
Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
-
Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
-
Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
