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.
ipo
Financial Markets
Aritzia Rises 16% in Toronto Stock Exchange Debut After IPO
Shares of the Vancouver-based retailer jumped to C$18.51 at 9:06 am in trading on alternative markets in Toronto, up from its C$16 IPO price.
Financial Markets
Aritzia Raises $400 Million in Canada’s Largest IPO of Year
Canadian women’s fashion retailer Aritzia raised C$400 million in its initial public offering, the nation’s largest IPO since October’s C$1.83 billion sale of electric utility Hydro One Ltd.
Retail
Aritzia May Raise Up to C$400 Million in IPO After Upsizing Deal
Aritzia owners lifted the number of subordinated shares being sold to 25 million from 20 million, according to Friday sale documents.
Financial Markets
Miss Sixty’s Chinese Owner Said to Plan IPO at $5 Billion Value
Chinese fashion house Trendy International Group, owner of the Miss Sixty jeans brand in Asia, is planning a domestic initial public offering as soon as the end of next year, people with knowledge of the matter said.
Financial Markets
Hypebeast Files for IPO
The 11-year-old media company and e-tailer with ‘sneakerhead’ origins has filed for an initial public offering in Hong Kong.
Global Markets
Infibeam Plans to Raise as Much as $81 Million in E-Commerce IPO
Infibeam Incorporation Ltd. plans to raise as much as 5.4 billion rupees ($81 million) in an initial public offering as it becomes the first of India’s high-profile online retailers to proceed to a share sale.
Financial Markets
Sandro, Maje Owner Files for an IPO in France
KKR & Co.’s French clothing retailer SMCP began the process for an initial public offering after doubling its sales over the past three years.
Financial Markets
Valentino Eyes IPO in 2017 After Revenue Exceeds $1 Billion
Italian fashion house Valentino is considering selling shares in an initial public offering as early as next year after nearly doubling profit on revenue of more than $1 billion in 2015.
Technology
Rocket Internet Faces New Setback with Loss of Senior Managers
Germany's Rocket Internet is losing two senior managers in the latest setback for a company that a year ago was considered one of Europe's best hopes for competing with global tech giants.
Financial Markets
Gian Giacomo Ferraris of Versace on Awakening a Sleeping Giant
In our latest CEO Talk, Imran Amed meets the chief executive of Versace to discuss the brand’s planned IPO and taking on the big guns of Italian fashion.
Financial Markets
Showroomprive Raises $280 Million After IPO Priced at Low End
Online retailer Showroomprive and its owners sold shares for 256 million euros ($280 million) in an initial public offering to help fund expansion beyond France.
News & Analysis
Showroomprive Seeks $424 Million in Web Retailer’s Paris IPO
Online retailer Showroomprive is seeking as much as 373 million euros ($424 million) in an initial public offering to expand beyond France amid intensifying competition from rivals such as Vente-Privee.com SA to Amazon.com Inc.
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.