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.
data
News & Analysis
Saks and Lord & Taylor Hit By Security Breach
Data from card payments in some of the stores in North America has been compromised.
News & Analysis
Under Armour Says 150 Million MyFitnessPal Accounts Breached
The athletic apparel maker — which bought MyFitnessPal in 2015 for $475 million — suffered the largest data breach this year and one of the top five to date.
News & Analysis
Fashion Retailer Forever 21 Reports Payment Card Security Breach
The results were part of an investigation started after a third-party report suggested unauthorized access.
Technology
Saks Fifth Avenue's Data Leak, Rent the Runway Co-Founder Exits and More...
This week, thousands of Saks Fifth Avenue customers' personal data was made available online, Jennifer Fleiss departs Rent the Runway and Wal-Mart launches a tech incubator in Silicon Valley.
Retail
Hudson's Bay Exposes Saks Fifth Avenue Customer Info Online
The company posted information including email addresses and phone numbers for customers at Saks as well as identification codes for products that customers signed up for on wait-lists.
China
Op-Ed | What Big Data Reveals About China's Big Spenders
Consumer data can help retailers uncover sizeable new opportunities in China’s luxury market, says David Zhao of Shangpin.com.
Retail
Alipay Targets Chinese Tourists With US Payment Deals
Alipay is targeting the fast growing Chinese tourism market, which numbered 117 million travellers in 2014, according to the United Nations World Tourism Organisation, and is forecast to double by 2020.
Technology
How Realtime Data is Reshaping the Fashion Business
LONDON, United Kingdom — Clearance sales point to a perennial problem in the fashion industry: the misalignment of supply and demand. Using
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.