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.
climate-change
Can Fashion Quit the World’s Dirtiest Fossil Fuel?
Companies like H&M and Puma are pushing to get coal out of their supply chains by the end of the decade.
Sustainability
Zara Owner Inditex Considers Fund to Back Environmental Start-Ups
Inditex SA, which owns the Zara clothing chain, is considering setting up a vehicle to invest in startups and technologies that it hopes could help green its business, according to people familiar with the matter.
Sustainability
Corporate Commitments Haven’t Curbed Fashion’s Carbon Footprint
The next two years will be a critical test of whether the industry can translate pockets of progress into real change.
Sustainability
Op-Ed | Circularity Is a Fashionable Fantasy
The buzzy concept is a chimaera that distracts from the root cause of fashion’s worsening environmental impact: overconsumption, argues Ken Pucker.
Sustainability
H&M, Kering Among Companies Piloting Science-Based Targets for Nature
The move to address businesses’ impact on nature is part of a new frontier of corporate environmental reporting.
Sustainability
Selfridges, Hermès Quietly Exit Fashion Pact Amid Slow Progress
Four years after a splashy launch around the G7, the CEO-powered climate drive says it’s gearing up to accelerate action. But it has lost high-profile members and so far delivered little more than a handful of pilot projects.
Sustainability
Levi’s Looks to Cut Denim’s Water Impact Where It Most Counts
The jeans maker is among a group of fashion brands coming around to location-specific water reduction targets.
Sustainability
Is Sustainable Fashion Elitist?
Calling out the industry’s environmental footprint and the true cost of making clothes has touched off a complex and heated debate about the accessibility and affordability of lower-impact fashion.
Global Markets
The BoF Podcast | Conflict, Climate and Today’s Global Hunger Crisis
Tjada D’Oyen McKenna, the CEO of Mercy Corps, shares insights on growing global food insecurity and deepening inequality.
Partner Content
A Free, Open Access Traceability Tool for Fashion’s Global Supply Chain
FibreTrace seeks to accelerate the fashion and textile industries’ sustainability efforts by democratising access to its digital transparency and traceability tool, FibreTrace Mapped, for brands, manufacturers and farmers alike. BoF learns more.
Workplace & Talent
The Year Ahead: What a Fashion Company Looks Like in 2023
Fashion executives need a new vision for what the organisation of the future will look like, focusing on attracting and retaining top talent as well as elevating teams and senior positions to align with strategic objectives for growth.
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.