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.
collaboration
Global Markets
Karl Lagerfeld’s Kenneth Ize Collab Launches
Nigerian designer Kenneth Ize and the Karl Lagerfeld brand have launched a capsule collection, available in stores.
Retail
Gap’s First Yeezy Product Is Here
The hotly anticipated tie-up between Kanye West’s Yeezy brand and Gap launched with a blue puffer jacket made from recycled nylon.
China
Coach Links with Chinese Sneaker Resale Leader, Poizon
Coach has announced a tie-up with Poizon, China’s premier sneaker and streetwear social-commerce platform.
Financial Markets
Are Luxury Brands Pushing Too Many Collaborations?
In April, luxury brands went crazy for collaborations while some of Italy’s fashion titans more openly embraced the idea of an Italian luxury champion to rival LVMH and Kering, writes Pierre Mallevays in this month’s Market Pulse.
Sustainability
Scaling Up or Selling Out: How Can Sustainable Labels Credibly Collaborate with Big Brands?
H&M’s latest collaboration with Liya Kebede’s Lemlem drops on Earth Day, but it won’t use the artisan-focused label’s supply chain, underscoring the complexities of these kinds of partnerships.
Global Markets
Balmain Launches Capsule With Reggaeton Star Maluma
Colombian-born singer-songwriter, Maluma, is the first Latin American artist to launch a limited edition ready-to-wear collection in collaboration with Olivier Rousteing’s Balmain.
China
Chinese Sneakerheads Are Driving Up Prices for Li Ning, Anta
A rush on domestic Chinese sneakers has caused popular styles from brands such as Li Ning, Anta and Peak to sell out from official channels, causing sharp price rises on the country’s major sneaker resale app, Dewu (also known as Poizon in English).
Luxury
Mulberry to Resell Old Bags on Vestiaire Collective
The British accessories brand is the second label to join Vestiaire Collective’s ‘Brand Approved’ programme, where brands solicit pre-owned items
China
H&M Collaborates with Chinese Designer Label Pronounce
Swedish fast fashion giant H&M has announced their latest Blank Staples collection is with Pronounce, a Chinese label by designer duo Yushan Li and Jun Zhou.
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.