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
Luxury
Tiffany & Co. and Supreme to Collaborate
The luxury jewellery brand and New York-based streetwear brand teased their upcoming partnership on Instagram, both posting a video focused on a man’s silver tag pearl necklace, with no text in the caption, only a chain link emoji.
Technology
BoF Insights | The Opportunity in Digital Fashion and Avatars Report
BoF Insights’ guide to digital assets in fashion, which examines the rise of the metaverse and underlying technological, social and consumer shifts, plus includes a playbook for how to seize the opportunity.
Sustainability
Fashion’s Collaboration Craze Targets Sustainability
A new collaboration between Tommy Hilfiger and Timberland promotes better materials, low-waste designs and transparent partnership.
Luxury
Miuccia Prada’s Awakening
The designer launches an artist’s collaboration at Miu Miu with a new attitude, writes Tim Blanks.
Fashion Week
Fashion’s Favourite-Ever Collaboration: Balenciaga and ‘The Simpsons’
Demna Gvasalia’s latest alternative to a runway show brought a Paris audience to its feet, reports Tim Blanks.
Retail
Can Arthur Kar Build the Supreme of Cars?
L’art de l’automobile’s new collaboration with Porsche, set to be unveiled at Dover Street Market this week, is the latest sign of the growing opportunity at the intersection of fashion and automobiles.
Fashion Week
Milan Gets Physical
Sex and the body were the main topics on the Milan runways this season, reports Angelo Flaccavento.
Entrepreneurship
How Crenshaw Skate Club Caught Air
The rise of teenager Tobias McIntosh’s South Los Angeles brand shows how entrepreneurs from once unlikely places can build fashion businesses.
Beauty
Estée Lauder Companies Inks Three-Year Deal With Poet Amanda Gorman
Gorman, who is the youngest inaugural poet in US history, will appear in her first Estée Lauder campaign in spring of next year.
Topics
Zara Enters High-Low Collaboration Space With Kassl Editions Collection
The Spanish company’s tie-up with the Dutch collective, best known for its $900 utilitarian coats and luxe padded Pillow Bags, will span ready-to-wear and home goods and debut at this year’s Salone del Mobile.
Media
Netflix and Shonda Rhimes Test Fashion Opportunity With Bridgerton Collabs
The streaming service’s blockbuster deal with production company Shondaland came with plans for branding and merchandising deals. What that means for fashion is beginning to take shape.
Global Markets
H&M’s Delayed Collab With Indian Designer Sabyasachi Debuts
The collection features 70 pieces in Sabyasachi’s style of rich textiles, chintz prints and references to Indian heritage at a range of prices below $135.
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.