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As luxury brands continue to shift from registration models to in- residence ownership, they are focusing on splendor. The industry’s highest margins in this category does help rearrange and enhance a brand’s reputation. Nonetheless, bringing a charm business in- house is not without problems.
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. Moreover, splendor is a highly aggressive and crammed industry, making it challenging to build a loyal consumer base. However, when done effectively, it can be a strong application for leisure models to sprout. Puig is an example of a firm that successfully merged a fashion and beauty enterprise and experienced significant growth.