Puig Targets €8 Billion in Annual Sales by 2032
Ahead of its first Capital Markets Day in Madrid, the Spanish beauty group has unveiled its “Vision 2032” and detailed its plans to grow its share of the global fragrance market.
Power Moves
Workplace & Talent
Power Moves | Salvatore Ferragamo Names Creative Director, Hodinkee’s New CEO
Maximilian Davis, the buzzy British-West Indian designer will join Marco Gobbeti at the Italian luxury label; Farfetch’s Jeffery Fowler will join the watch company as it expands its e-commerce segment.
Workplace & Talent
Power Moves | Josh Schulman Exits Capri; Adidas Names New China Chief
The Michael Kors chief executive’s departure came as a surprise to analysts; Adrian Sui will join the German sportswear brand.
Workplace & Talent
Power Moves | Adidas’ Appoints Chief Creative Officer; L’Oréal USA Names New Chief Executive
Alasdhair Willis will spear creative direction across the sportswear brand; Longtime L’Oréal executive David Greenburg will helm the beauty conglomerate’s US team
Workplace & Talent
Power Moves | Estée Lauder Executive Suspended, Perfect Magazine’s New Appointments
Andrew Meslow has been suspended after sharing an offensive post on Instagram; the Katie Grand-led publication adds new Milan, New York and London-based editors.
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Workplace & Talent
Power Moves | GQ Middle East’s New Editor-in-Chief, PVH Corp. Appoints CFO
Former head of content at Dazed Media, Ahmad Swaid will helm the magazine; Jack Coughlin joins PVH.
Workplace & Talent
Power Moves | Kerby Jean-Raymond Leaves Reebok; Richemont Appoints Chief Sustainability Officer
The Pyer Moss designer’s last collection for the brand will be released in March; Bérangère Ruchat joins the Swiss luxury group.
Workplace & Talent
Power Moves | 032c’s New Fashion Director, Hermès Beauty Names Creative Directors
Greek makeup artist Gregoris Pyrpylis will join the French luxury house, and Sophie Pera will continue to lead Tatler’s fashion team.
Workplace & Talent
Power Moves | Bally’s New Creative Director, SMCP’s Board Reshuffle
Rhude founder Rhuigi Villaseñor will lead the Swiss luxury brand; SMCP named a new board member.
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Workplace & Talent
Power Moves | Filippa K Hires Former Saint Laurent Designer, Dunhill’s New CEO
Liisa Kessler joins the Scandinavian label, Laurent Malecaze joins Dunhill from AZ Factory.
Workplace & Talent
Power Moves | Vogue Japan’s Head of Editorial Content, Balmain Appoints New President
Tiffany Godoy will lead Vogue Japan, and Emily V. George joins Balmain.
Workplace & Talent
Power Moves | Chanel’s New CEO, Ferragamo’s Executive Exit
Chanel has appointed Unilever human resources chief Leena Nair to the top spot, and executive vice president Michele Norsa will exit Ferragamo.
Workplace & Talent
Power Moves | Lanvin Names Deputy General Manager, Alibaba Shakes up Management
Theory executive Siddhartha Shukla will join France’s oldest couture house, as Alibaba replaced its long-standing CFO and shuffled its commerce leadership.
The News in Brief
Report: Puig, CVC, Cinven Eye Luxury Fragrance Maker Parfums de Marly
Private equity firms CVC Capital Partners and Cinven, along with Spanish beauty group Puig, are considering acquiring Parfums de Marly, the luxury fragrance brand owned by Advent International, two people familiar with the matter told Reuters.
Beauty and Home Care Drive Unilever Sales, Food Unit Falters
The UK conglomerate raised its annual volume growth forecast on beauty, personal and home care demand, despite a lagging food sector and the impact of geopolitical conflict on costs.
Carlos Nazario Appointed Editor in Chief of Wonderland
The fashion editor and stylist is reuniting with longtime collaborator Alastair McKimm, chief creative officer of Wonderland parent Visual Talent Ltd.
Aritzia Seeks to More Than Double Sales by 2032
New categories and brick-and-mortar expansion beyond North America are set to drive Aritzia’s quest to hit $10.5 billion CAD ($7.5 billion).
Pop Mart Quarterly Sales Fall Up to 50% as Labubu Fad Cools
Sales in the Americas fell 70 to 75 percent.
Zegna to Take Summer Fashion Show to Beijing
The Italian label has continued to enjoy solid growth in China, defying a wider downturn in demand for European luxury. The June 11 presentation of its summer collection will be the latest in a series of travelling shows.
Beiersdorf Sales Slightly Miss Expectations on Nivea Weakness
The German consumer goods maker marginally missed market expectations for third-quarter sales growth on Tuesday, with its key Nivea brand posting a third straight quarterly sales decline.