A major reason for this preeminence is its investment in R&D—according to a 2019 report by the consultancy Asterès, the French cosmetics industry spends two percent of annual turnover on innovation.

A number of high-end fashion houses including Hermes, Valentino and Celine, which is also owned by LVMH, have branched out in recent years into makeup, which even at the high end, where lipsticks can ...

Sephora, the LVMH cosmetics company ... that blanketed the occasion – it was hard to keep track of all the LV logos on people’s bags and clothes – was Snoop’s outfit by any chance from ...