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.

Major garment producers like Vietnam and Cambodia now face similar tariff rates of around 20 percent, lower than previously threatened.

Founders of the Malaysian modest fashion company, Vivy Yusof and Fadzarudin Shah Anuar, both pleaded not guilty to local prosecutors’ charges of criminal breach of trust over alleged misuse of funds.

Global players, as well as brands and retailers from neighbouring Southeast Asian countries, are coming up against growing consumer loyalty for local players as well as hyper-localised business environments and cultural needs.

Halal cosmetics are gaining traction beyond the core demographic of observant Muslim consumers thanks to the vegan and ethical beauty movements. But running a halal brand has its challenges.
ADVERTISEMENT

Michael Evans, like 16 others charged, now faces custodial sentences and criminal fines in a case with global ramifications.

The company confirmed reports that it will set up a logistics hub in the Malaysian capital that will serve as the Chinese e-commerce company's regional distribution hub.

The hub would be sited within a 24,700-acre development led by airport operator Malaysia Airports Holdings that is expected to generate more than $1.58 billion worth of domestic and foreign investments.

Malaysia’s economic growth slowed less than expected after overseas shipments and factory output held up, a rebound that may prove short-lived as investment falters.
ADVERTISEMENT

Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.

Comprehending Malaysia’s dynamic fashion market is about understanding its fans and neighbours as much as its melting pot culture. This instalment of Market GPS is sponsored by Marvin Traub Associates.
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.
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.
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.
The fashion editor and stylist is reuniting with longtime collaborator Alastair McKimm, chief creative officer of Wonderland parent Visual Talent Ltd.
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).
Sales in the Americas fell 70 to 75 percent.
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.
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.