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.
fashion tech
Latest News & Analysis
Media
Vogue Paris Market Editor Yasmin Kayser Exits to Join Tagwalk
The longtime editor will join the fashion search engine as chief development officer.
Technology
The Fashion Rental Market Tested and Explained: Who Has the Best Service?
BoF tried out five of the most popular fashion rental services. The verdict? While renting solves some pain points, the promise of an infinite closet has yet to be fulfilled.
Technology
The Year Ahead: How to Get Ready for a Digital Recalibration
Valuations of digital fashion players have reached dizzying levels and, despite a slew of high-profile IPOs and private firms achieving unicorn status, investor sentiment is taking a turn for the worse.
Workplace & Talent
Bonobos Founder Andy Dunn Is Leaving Walmart
The entrepreneur announced his departure from the big-box giant just two years after it acquired his venture-backed menswear brand for $300 million.
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Retail
Amazon Will Reportedly Sell On China's Pinduoduo Marketplace
Amazon is now evolving its China strategy after shutterng its own online store in the country in July.
Technology
The Dark Side of Depop
Millions of teenagers buy and sell clothes on Depop. A BoF investigation has found that many users are also being flooded with requests for nude photos and other inappropriate messages.
China
Internet Slang Can Help Brands Boost the Bottom Line
To sharpen their social listening tools, write more authentic marketing copy and optimise SEO, brands need to stay abreast of trending online keywords popular among young Chinese shoppers.
China
The Apps Driving China’s ‘He-Conomy’
Poizon, Chao and Nice are just a few of the platforms Chinese men are signing up to, and brands like Nike and Uniqlo are taking note.
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Entrepreneurship
Lessons From a Failed Start-Up
Customisable footwear brand Shoes of Prey was a start-up success story with a reported $115 million in annual sales in 2017. Less than a year later it was over. The brand's founders have some tips to avoid repeating their mistakes.
Technology
Rent the Runway Offers Cash and Apologies to Angry Customers
The fashion rental startup will cease taking new subscribers and pay some users $200 as it responds to complaints about supply chain failures.
Technology
Fake Allbirds and Glossier Dupes: DTC Brands Are Battling Counterfeits and Knockoffs
Direct-to-consumer brands like Allbirds, Glossier and Rothy’s are battling counterfeiters and copycats. These startups now face a problem even big-budgeted luxury brands can't fix.
Technology
Snap Launches New Augmented Reality Spectacles
The new version of Snap Inc's eyewear will be able to capture photos and videos and upload them directly to Snapchat, as the company works to develop its augmented reality features.
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.