Covent Garden, already a major London focus for beauty retailers, is enjoying new activity with two UK debuts, a relocation and an upsize.
Operator Shaftesbury Capital has announced Byredo, Matiere Premiere, Initio Parfums Privés and Parfums de Marly “will be enhancing the iconic destination, solidifying its position as a key beauty hub within the UK”.
First Byredo’s set to open a new 1,100 sq ft boutique in Covent Garden’s Market Building, joining its existing nearby location in Seven Dials. It will feature an assortment of high-end fragrances, make-up, home, leather goods and accessories.
It will be joined by fragrance brand Matiere Premiere taking a new 50 sq ft store space on King Street, becoming its debut flagship space in the UK.
Cédric Meiffret, co-founder and GM of Matiere Premiere, said: “Covent Garden has long been a location that embraces and celebrates innovation, creativity, and craftsmanship. There is no other place more suited to host our first UK flagship. This location will be an opportunity for clients to experience the direct link between the most beautiful natural raw materials and [our] fragrances, surrounded by the top labels within the luxury beauty industry.”
Niche French fragrance house Initio Parfums Privés is also set to open its first UK store in Covent Garden, moving into sister brand Parfums de Marly’s former 246 sq ft unit within the Market Building.
That means Parfums de Marly, “part of Covent Garden’s luxury fabric for the last three years”, will be upsizing and relocating to James Street. The new 1,000 sq ft store providing the brand with a larger more focused presence.
Julien Sausset, CEO of both Parfums de Marly and Inito Parfums Privés, said: “Our move to James Street echoes the sheer growth we’ve experienced at Covent Garden, and the loyalty we have built with landlord Shaftesbury Capital and the numerous visitors over the years. Our new space at James Street will allow us to elevate our customer experience even further and offer more services and ranges that reflect our heritage, opulence, and artistry.”
William Oliver, director of Retail and Restaurant Leasing at Shaftesbury Capital, said: “Four exciting new fragrance brands have committed to Covent Garden, which speaks volumes about our role as the leading destination for luxury beauty in the UK, already home to a host of world-class fragrance houses and an epicentre where brands can launch, innovate, and thrive.”
This news coincides with Covent Garden’s new ‘Big Beauty’ event running across 4-14 September throughout the central London neighbourhood.
A “celebration of beauty and wellness”, the debut 10-day event encompasses skincare, fragrance, make-up and wellbeing and will see Covent Garden’s Piazza and surrounding streets “transform into a multi-sensory playground of beauty experiences”.
In another change to Kering’s organisational structure: the group has announced that Bartolomeo Rongone, CEO of Bottega Veneta, will leave the group on March 31, 2026 to pursue new career opportunities.
Bartolomeo Rongone and Remo Ruffini – Moncler
The executive will step down from his role at Bottega Veneta on March 31, 2026, and will be appointed CEO of the Moncler Group with effect from April 1, 2026.
Under the Moncler Group’s new organisational set-up, Remo Ruffini will serve as executive chairman, retaining responsibility for creative direction and continuing to play a central role in governance and in shaping the group’s strategic direction.
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Puma will supply team kit to Formula One champions McLaren this season in a multi-year global deal that also covers activities in IndyCar, World Endurance from 2027, virtual racing, and the all-female F1 Academy series. No financial details were given.
Formula One F1 – Abu Dhabi Grand Prix – Yas Marina Circuit, Abu Dhabi, United Arab Emirates – December 7, 2025 McLaren’s Lando Norris celebrates after becoming the 2025 Formula One World Champion – REUTERS/Jakub Porzycki
“Our sport is in incredible shape, and it’s been fantastic to see an influx of major fashion and lifestyle brands who are looking for deep and meaningful ways to engage with our growing global fanbase,” said McLaren Racing CEO Zak Brown.
McLaren previously had a deal with Castore, with some media reports suggesting that was worth 30 million pounds ($40.41 million) a year.
Puma also equip Ferrari and Aston Martin. Williams have meanwhile switched to US lifestyle brand New Era.
Estee Lauder was sued by a self-described “disruptive” startup that accused the cosmetics giant of effectively putting it out of business by stealing technology to boost sales from jet-setting travellers in hotels.
Nomi has accused Estee Lauder of stealing its technology – Bloomberg
In a complaint filed on Friday night in Manhattan federal court, Nomi Beauty said Estee Lauder has been “driving literally billions in new revenue” to itself after abandoning contracts in 2018 and 2020, including means to determine consumers’ actual preferences for cosmetics instead of their stated preferences.
Nomi- the name is a homophone for “know me,” as in the customer- said its “secret sauce” was intended to help the parent of Clinique and MAC lipstick generate more revenue from luxury hotel duty-free shops and in-room purchases, and become less dependent on traditional retail stores. Rather than honour its contracts or follow through on discussions to purchase Nomi outright, Estee Lauder allegedly starved Nomi’s hotel partners of products, while rolling out competing programs in China, Costa Rica, Malaysia, the UK and the US.
These programs “rely on the very same trade secrets Nomi had been educating Lauder about for years,” the complaint said. Nomi is seeking unspecified compensatory, punitive, and triple damages. Estee Lauder did not immediately respond to requests for comment.
“Nomi’s stolen innovations brought Estee Lauder into the information age, and Estee Lauder continues to profit from them wildly,” Nomi’s lawyer Matthew Schwartz said in an email. Both companies are based in New York.
Since last February, Estee Lauder has pursued a “Beauty Reimagined” strategy, including prestige launches and a streamlining of its supply chain, to revive sliding sales. The strategy also called for up to 7,000 job cuts.