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As luxury manufacturers continue to shift from registration models to in- home rights, they are focusing on attractiveness. The industry’s highest margins in this class may help reposition and improve a manufacturer’s reputation. Nevertheless, bringing a beauty business in- property is not without difficulties.
It can be challenging to craft a strong brand message across all channels, for instance, if a fashion and beauty team does n’t collaborate well. Furthermore, elegance is a very competitive and crowded industry, making it challenging to build a dedicated consumer base. However, when done effectively, it can be a powerful tool for extravagance manufacturers to grow. Puig is an example of a organization that effectively merged a fashion and beauty business and experienced significant growth.
