Group 1: Major Corporate Changes - L'Oréal announced significant adjustments to its executive committee, with new appointments set to take effect in January 2026, aiming to enhance its strategic focus in the U.S. market [2] - Estée Lauder is undergoing a substantial salary reduction for its executive team, with a total annual compensation decrease of 28% for FY2025, reflecting a collective compromise amid poor performance and declining stock prices [3] - Burberry's global procurement and marketing director has left the company, indicating challenges in retaining key executives during its transformation strategy [11] Group 2: Market Performance and Reactions - H&M reported better-than-expected Q3 results for FY2025, with net sales increasing by 2% year-on-year, leading to a 10% surge in stock price [6][5] - Brunello Cucinelli's stock plummeted by 15% following allegations of regulatory violations in the Russian market, highlighting the fragility of luxury brand valuations [7] - LVMH continues to expand its media asset portfolio, indicating a strategic move to enhance its influence in the media landscape [9] Group 3: Strategic Developments - Ralph Lauren secured a significant legal victory in China, confirming its "POLO" trademark as a well-known brand, which strengthens its position in the market [4] - LVMH's Kendo has sold its beauty brand KVD Beauty to Windsong Global, marking its first brand sale and a shift in strategy to streamline its offerings [9] - Reports suggest that L'Oréal is primarily interested in retaining only the profitable beauty business of Armani, with a licensing agreement extended until 2050 [13]