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.
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News & Analysis
Behind InStyle's Splashy New Red Carpet Awards
The celebrity-driven glossy is getting into the awards game with a new franchise trumpeting what it says it knows best: the red carpet. Will advertisers bite?
Workplace & Talent
Power Moves | Simons Exits Dior, Lanphear Leaves Maxim, Lululemon Appoints Creative Director
BoF compiles the most important professional moves of the week.
Luxury
How to Fix the House of Gucci
While Gucci’s third quarter results may be nothing to write home about, improved financial performance should herald Gucci’s return as early as spring, as the ‘Michele cure’ starts to take effect.
Workplace & Talent
Raf Simons Leaving Dior
Raf Simons is exiting his role as artistic director of women’s haute couture, ready-to-wear and accessory collections of Dior.
Financial Markets
Kering Q3 Sales Growth Beats Estimates
Kering SA reported third-quarter revenue growth that beat analysts’ estimates as demand for Puma footwear and Saint Laurent dresses offset declining sales of Gucci handbags.
News & Analysis
Fendi Puts Rome's 'Square Colosseum' to Work
A boxy monument to Italy's Fascist era is filling with workers for the first time in its 70-year history, as Fendi opens its new headquarters at the restored "Square Colosseum".
News & Analysis
The Rise of the Chief People Officer
As an increasing number of fashion companies appoint their first chief people officer, BoF asks, is the CPO a key business hire, or a HR rebrand too far?
Financial Markets
Why Isn’t There an Italian LVMH?
As LVMH, Richemont and Kering enter a period of consolidation, there is no Italian conglomerate to take them on in the fight for ownership of Italy’s brands. Why?
China
The China Edit | Burberry's Asian Sales Drop, Shaway Yeh, Diamond Slump
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
News & Analysis
WME-IMG Debuts All-Fashion Network for Apple TV
Made2Measure is the first network of its kind, offering wall-to-wall fashion programming. Will it work?
Workplace & Talent
This Week on BoF Careers: Aldo, The Coveteur, Lily and Lionel
LONDON, United Kingdom — Our Monday Motivation contains curated career advice from leading executives, entrepreneurs and creatives in conversation
Global Markets
Shaway Yeh, China’s Rebel Editor
Shaway Yeh’s rebellious blend of art, intellect and avant-garde style has made Modern Weekly one of the most influential fashion and lifestyle magazines in China.
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.