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.
investing
Financial Markets
Nuo Capital Acquires Stake in Slowear
The investment will help the Italian fashion group double its turnover to €100 million in the next five years.
Financial Markets
Neiman Marcus Bondholder Says Company May Be in Default
Investors announced the news after the department store company moved its MyTheresa business into an entity belonging to the retailer's private equity owners.
Financial Markets
How Anine Bing Is Avoiding the Nasty Gal Trap
The community-driven brand has secured $15 million in a Series A financing round and aims to double its business next year by 2020.
Financial Markets
Mejuri Wants to Upend Fine Jewellery With a Drop Model
The direct-to-consumer jeweller has raised $5 million in funding in a bid to revolutionise the industry through a drop model.
Beauty
Billion-Dollar Beauty Brands Face Exit Conundrum
A new breed of buzzy beauty brands are using social media to drive rapid growth. But can they credibly command technology-style valuations?
Financial Markets
Pat McGrath Receives $60 Million From Eurazeo Brands
The latest funding round brings the cosmetic line's total funding to $88 million, just two years since the company’s inception.
Financial Markets
Fashion's Top VCs Open Their Playbooks
A new breed of VC firms is backing next-generation digital lifestyle brands targeting millennials. BoF talks to five of the top players to decode their investment theses.
Financial Markets
What’s Ailing America’s Fashion Darlings?
Once popular American labels are struggling to adapt to a perfect storm of shifting consumer tastes, failing department stores and the rise of direct-to-consumer.
Financial Markets
Kirsten Green’s Survival Guide for the ‘Retail Reckoning’
The Forerunner Ventures founder, who has backed the likes of Warby Parker, Glossier and Away, discusses her investment thesis and how to win in today’s retail reality.
Financial Markets
Google to Invest $550 Million in JD.com
It could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in US and European markets.
Financial Markets
Mansur Gavriel Exploring Sale of Minority Stake
The millennial accessories label is entertaining inbound offers from both strategic players and private equity firms, BoF has learned.
Financial Markets
Op-Ed | Macy’s Upgrades by Becoming Less Like Macy’s
Macy's new investment in retail upstart b8ta provides a big hint about what the retail giant wants its next chapter to look like.
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.