beauty

Asia Leaders

Founder Control Is Huda Kattan’s Competitive Edge—and Her Governance Test

After buying back Huda Beauty and separating Kayali, Huda Kattan is using fragrance to widen the core brand. The next chapter will test whether community instinct can be matched by institutional discipline.

Asia Leaders

Falguni Nayar Has Restored Nykaa’s Growth Premium. Now She Must Defend It From Speed

Nykaa’s fourth-quarter revenue and gross merchandise value rose 28 per cent as profitability strengthened. Its competitive answer must combine trusted assortment, owned brands and measured fulfilment rather than copy ten-minute commerce.

Asia Leaders

Chanel’s Return to Growth Gives Leena Nair Room to Invest, Not Permission to Relax

Chanel’s 2025 revenue, profit and free cash flow all improved. The strategic question for Leena Nair is whether creative renewal, supplier ownership and boutique expansion can sustain rarity in an uneven luxury market.