This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: The assets of beauty brand Pat McGrath Labs are up for auction. Hilco Global’s IP Practice is seeking offers, the financial services firm announced Dec. 22. The firm is soliciting bids until Jan. 26 and will sell the brand’s assets on an as-is basis. It will host an auction via Zoom, with an option to appear in person, on Jan. 27. The financial firm ...

近日，据外媒援引知情人士消息，"彩妆教母"Pat McGrath的同名彩妆品牌Pat McGrath Labs正在推进资产出售事宜。据悉，全球投资顾问公司Hilco Global 将负责主导此次交易流程。 值得一提的是，早在2018年，该品牌创立仅三年之际，其估值就已超10亿美元（约合人民币70.37亿元），并于2023年入选《胡润全球独角兽榜》，被誉 为美妆界的"独角兽"。 与此同时，创始人Pat McGrath的行业影响力从未消退——从去年为MaisonMargiela 2024春夏高定秀设计引发热议的"瓷娃娃"妆容，到今年出任LV美妆创 意总监并主导该品牌新系列开发，其个人热度居高不下。 那么，无数光环傍身的Pat McGrath Labs为何踏上出售之路？ 01 成立三年估值超70亿 据外媒报道，此次出售范围涵盖Pat McGrath Cosmetics LLC及Patricia McGrath本人名下的质押抵押品。 Pat McGrath Labs品牌发言人回应称："Pat McGrath Labs目前正与合作伙伴开展重组及资本重组流程，旨在让财务架构与品牌持久的实力及创意领导力相 匹配。这些流程预 ...

Core Insights - LVMH reported a total revenue of €39.81 billion (approximately ¥335.12 billion) for the first half of 2025, a decline of 4% year-on-year, with operating profit down 15% to €9.01 billion (approximately ¥75.84 billion) [1][5][10] - The luxury goods sector is facing significant challenges, with the "Veblen Effect" losing its influence as younger consumers reassess the value of luxury items [3][4] - The high-end beauty segment has emerged as a key area of focus for LVMH, showing resilience with stable revenue of €4.08 billion (approximately ¥34.34 billion) in the first half of 2025 [12][13] Financial Performance - LVMH's total revenue for the first half of 2025 was €39.81 billion, down 4% from the previous year, while operating profit decreased by 15% to €9.01 billion [1][5][10] - The operating margin fell to 22.6%, a decrease of 2.5 percentage points year-on-year [5] - The Asian market (excluding Japan) saw its share decline to 28%, down 2 percentage points [1][10] Market Trends - The luxury goods market is experiencing a shift, with younger consumers increasingly questioning the traditional pricing logic of luxury items [4][5] - The beauty segment, particularly high-end cosmetics, is viewed as a potential growth driver amidst overall market contraction [12][19] - LVMH's beauty brands, including Christian Dior and Fenty Beauty, are adapting to changing consumer preferences, with Fenty Beauty showing significant growth in China [15][19] Strategic Initiatives - LVMH is focusing on brand revitalization and innovation in the beauty sector, with new product launches and a commitment to quality and desirability [17][18] - The company is restructuring its operations, including closing underperforming DFS stores and laying off staff in its wine and spirits division to reallocate resources towards beauty [21][23] - Sephora is being positioned as a key player in the Chinese market, with new brand introductions and a direct reporting structure to the global CEO [21][23]