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.
brexit
News & Analysis
EU Agrees to January 31 Brexit Extension
UK Prime Minister Boris Johnson, who had pledged to deliver Brexit on October 31, 2019, had to request a postponement after parliament down-voted his proposed timetable for ratifying his withdrawal agreement bill.
News & Analysis
Brexit Crash Course: 4 Things Businesses Need to Know
From tariffs and duties to talent and hiring, BoF unpacks the key points UK-based companies need to know as Britain’s withdrawal from the EU takes effect.
News & Analysis
EU Could Approve Boris Johnson’s Brexit Extension Request by Friday
The bloc's approval isn’t automatic and requires the unanimous agreement of national leaders from all 27 member states.
News & Analysis
Boris Johnson Eyes Election After Parliament Forces Brexit Delay
Tuesday night was the first time Parliament had approved any Brexit deal, but Johnson's opponents argued that they needed more time and voted 322 to 308 against his proposed timetable for progressing the bill.
News & Analysis
UK Lawmakers Vote to Delay Decision on Johnson’s Brexit Deal
Without sign-off from Parliament, UK Prime Minister Boris Johnson is required by law to write to the EU by 11 pm tonight asking to delay Britain’s departure until January 31.
News & Analysis
Deal or No Deal: What the Latest Brexit Developments Mean for Fashion
British Prime Minister Boris Johnson may have reached an agreement with the EU, but the UK’s withdrawal, and the terms on which it happens, is far from a done deal.
News & Analysis
EU and UK Reach Agreement on Brexit
Northern Ireland’s DUP said it still can’t support the deal, but Boris Johnson needs the backing of the House of Commons to deliver Brexit on October 31.
Financial Markets
Geopolitical Uncertainty Plays Tug of War on Luxury Index
Riots in Hong Kong, Brexit and continued tensions between the USA and its trading partners have caused the Savigny Luxury Index to fluctuate this month.
Fashion Week
In London, Fashion Takes a Break from Brexit
Leaving the European Union could have a disastrous effect. But even with the Halloween deadline for a deal looming large, the subject is decidedly out of fashion.
News & Analysis
Op-Ed | We Need to Talk About Brexit
This could be the UK’s last London Fashion Week as part of the European Union, with serious consequences for the industry at home and abroad, writes British Fashion Council Chief Executive Caroline Rush.
News & Analysis
No-Deal Brexit May Cost the British Fashion Industry $1 Billion
As fashion relies on export revenues, a global supply chain and an international talent pool, a no-deal Brexit would hamstring the UK industry, said The British Fashion Council.
News & Analysis
UK Retail Sales Collapse at Fastest Pace Since 2008
Until recently, consumers had largely taken Brexit in their stride, helped by wages growing at the fastest pace in more than a decade and modest inflation.
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.