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.
Kiev, Ukraine
Retail
Sanahunt’s Oskana Moroz-Hunt on Developing Luxury Menswear in Ukraine
BoF sat down with Oksana Moroz-Hunt, president and founder of Sanahunt, to learn how the largest luxury store in Ukraine is developing its menswear business.
Global Markets
Ukraine’s Quiet Fashion Entrepreneurship Boom
A few standout businesses are doing a roaring trade in post-revolution Kiev, elevating their labels from small ateliers to rising brands.
Global Markets
Op-Ed | Under Cloud of War, Kyiv’s Fashion Scene Expands
Although the conflict is still simmering in Ukraine and tensions with Moscow are on the rise, the fashion market is showing surprising signs of dynamism in Ukraine’s capital.
Global Markets
Ukraine, a Complex Crossroads of New and Old
In the latest instalment of Market GPS, Robb Young examines Ukraine, a market going through a period of major transition.
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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.