Luxury Companies Look to Diversify Products
Leading players in the luxury industry are looking for ways to diversify their product portfolios, and many are doing so by releasing beauty products. For example, Marc Jacobs opened a store in New York City selling only cosmetics and fragrances, and Tom Ford is releasing a men’s cosmetics line in late 2013. Other luxury companies are releasing jewellery and timepieces to diversify their portfolios. Louis Vuitton, for example, opened a store in Paris devoted strictly to jewellery.
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