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.
Coronavirus
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World’s Most Expensive Retail Rents Tumble to Decade Low in Hong Kong
Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: the days of leasing stores for $1 million a month are over.
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Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
Global Markets
Italy Locks Down Milan and Much of Industrial North
Unlike Italy's national lockdown in the spring, all factories will remain open.
News & Analysis
Luxury Giants Urge UK Chancellor to Rethink Tax-Free Shopping Ban
Follow our live blog for continuous updates from the frontlines of fashion.
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Sustainability
BoF LIVE: The Future of Fashion’s Supply Chain
How are brands and manufacturers building supply chain resilience in response to the pandemic?
Retail
The Fate of Formal Fashion Hangs by a Thread
The pandemic has had profound repercussions across the supply chains of suit makers and formalwear designers.
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How Fashion Brands Are Preparing for Lockdown 2.0
Parts of the US and Europe are facing a second wave of shutdowns. This time, retailers are ready. Here’s what’s in their playbook.
Luxury
Mulberry Forecasts Reduced Losses on Improving Sales Trend
The group was struggling due to investment costs and a tough trading environment in its home market even before the pandemic hit.
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Retail
New York Sees 40% Bankruptcy Surge, Braces for More
The pandemic could permanently close as many as a third of the city's 230,000 businesses.
News & Analysis
How PVH Corp. Is Positioning Itself for Fashion’s New Normal
President Stefan Larsson shares how PVH, which reported annual revenues of $9.9 billion in 2019, is positioning itself 'to win in the new normal.'
Retail
Sycamore Partners Bids for Ascena-Owned Ann Taylor
The retail group was struggling with dated brands and declining revenue even before the coronavirus crisis.
Retail
Lawmakers Call Amazon Warehouse Unsafe After Surprise Visit
Representative Rashida Tlaib tweeted a video showing Amazon workers cleaning the Romulus-based warehouse in Michigan, while she and her fellow representative Debbie Dingell waited for a tour.
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.