Wrap of the day: Valentino, Coty, Saks Fifth Avenue, Estée Lauder and IWC

New generation packaging. Image courtesy of Valentino

Luxury Daily live news for November 9:

Valentino launches sustainable packaging
Italian fashion house Valentino is taking another step forward on its sustainability journey with new recyclable packaging, including shopping bags, boxes and tissue paper made with sustainable materials.

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Luxury fragrance sales push Coty beyond quarterly expectations
Beauty group Coty saw strong growth with a 22% increase in revenue in the first quarter of its 2022 fiscal year, ending September 30, 2021.

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Saks Fifth Avenue welcomes diamond masterpiece to The Vault
The US department store Saks Fifth Avenue is home to the latest works of art by Johnathan Schultz and Brendan Murphy, a unique platinum and diamond sculpture, “Frozen with Desire”.

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Estée Lauder UK commits $ 678,000 for nature restoration
Beauty group Estée Lauder UK and Ireland have released details of their pledge of £ 500,000, or $ 678,000 at the current exchange rate, to fund nature restoration projects in the UK over five years .

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IWC, partner of Boom Supersonic in the pursuit of innovation and sustainability
Swiss watchmaker IWC Schaffhausen has announced a new relationship with supersonic aircraft maker Boom Supersonic, with the aim of embedding sustainability throughout the supply chain.

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Fendi and Skims welcome a new era for luxury shapewear
With their new collaborative capsule collection, Italian fashion house Fendi and Kim Kardashian West’s underwear brand, Skims, are bridging the gap between luxury fashion and loungewear and sleeving.

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Please click here to read the morning bulletin

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