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.
diversity-inclusion
Luxury
The Debrief | Luxury Fashion’s Designer Diversity Problem
BoF senior correspondent Sheena Butler-Young and luxury editor Robert Williams dive into the ongoing struggle for diversity in fashion’s top creative roles.
Workplace & Talent
Longtime FIT President Joyce Brown to Step Down
The first woman and Black American president of The Fashion Institute of Technology, will bring to a close a 26-year tenure at the prominent fashion school.
Workplace & Talent
Why Kamala Harris Isn’t Making Bold Fashion Choices – Yet
With her wardrobe of pants suits in conservative colours, the vice president has studiously avoided drawing attention to her style choices. Experts say that reflects the reality that, as a Black and Indian woman in the upper echelon of politics, self-expression carries risks.
Beauty
How New Laws on Textured Hair Education Will Shake Up Beauty
The hair services industry has a long history of discrediting Black hairstyles such as braids, locs and twists unworthy of study. Now, a new set of state laws will finally require cosmetology and barber schools to teach students how to style curly hair types.
Partner Content
At RaiseFashion, Supporting a Global Mindset for Emerging Design Talent
BoF speaks to five BIPOC designers based in New York, LA, Chicago and London on the non-profit’s Brand Fellowship programme to learn more about how RaiseFashion’s educational programming, network and financial resources are helping them strategically grow their businesses across the US and further afield.
Partner Content
At RaiseFashion, Positioning BIPOC Fashion Designers for Strategic Growth
BoF sits down with five New York-based BIPOC designers taking part in the second iteration of Raisefashion’s Brand Fellowship programme, to hear about their entrepreneurial experience in the fashion capital and how the non-profit is helping them prepare for success.
Workplace & Talent
Why Fashion Needs to Step Up Support for Black Students
To cultivate Black talent in the industry, fashion schools must improve on recruiting and retaining minority students, diversity experts say. Brands too can show their support through mentorship initiatives with HBCUs.
Beauty
The Important Message Behind ‘So Many Dicks’
A genius marketing campaign from E.l.f. Beauty this week emphasised how diversity, equity and inclusion efforts can be done at the highest levels — and what the barriers are to making substantial progress.
Workplace & Talent
Fixing Retail’s Sales Floor to C-Suite Pipeline
Fashion retailers are promoting fewer store employees into corporate roles, missing out on key expertise and diversity as a result.
Workplace & Talent
Enabling the UK Fashion Industry to Lead on DEI
To provide actionable insights and inspiration on how fashion and retail industries can further embed diversity, equity and inclusion in the workplace and business strategies today, BoF Careers co-hosted a panel discussion with The Outsiders Perspective. Now, BoF shares key learnings from the panel.
Beauty
How to Raise Money as a Black Beauty Brand
Black founders carry a markedly higher burden when it comes to educating investors on the value and viability of their business ideas — but there is an art and science behind knowing when your brand is ready and what kind of investors will be the best fit.
Beauty
How to Scale a Black Beauty Brand
Landing a retail partnership is often seen as a major milestone for beauty founders — but it brings a bevy of new challenges, from the logistical complexities to setting a marketing budget. Black entrepreneurs, who typically have far less capital to work with, often face tough choices.
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.