Luxury Briefing: Prepping private jets with beauty products is a 9-figure business opportunity

1 month ago 19

This week, a look at an emerging, private-jet-focused, beauty business opportunity. Plus, the question surrounding Mytheresa’s rumored Net-a-Porter buy, and highlights from Glossy’s “State of Luxury” series.

Six months after being named president of the travel retail company Duty-Free Holdings, fashion industry veteran James Mullaney has defined a five-year plan to grow the company — currently doing $200 million in annual sales — to a $500 million business by 2026. The vision includes accelerating the growth of a new business division catering to private-jet travelers and boosting skin-care, cosmetics and fragrance sales to at least 30% of the business in the next year. Alcohol is currently dominating sales, followed by tobacco.

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