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As extravagance brands continue to shift from registration models to in- apartment equity, they are focusing on elegance. The industry’s highest margins in this class does help reposition and enhance a company’s reputation. Nevertheless, bringing a beauty business in- property is not without challenges.
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. Secondly, elegance is a highly economical and filled sector, making it challenging to establish a dedicated consumer base. However, when done effectively, it can be a strong tool for leisure models to increase. Puig is an example of a business that effectively merged a fashion and beauty organization and experienced significant growth.