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
Valentino’s Qatari Owner Said to Explore IPO of Designer Company
The Qatari owners of Valentino Fashion Group SpA are exploring options including an initial public offering of the Italian company, according to people with knowledge of the matter.
Global Markets
Alibaba’s Rise and Fall: What Comes After the Historic Wipeout?
Alibaba Group Holding Ltd. looked like a sure thing a year ago when it pulled off the largest initial public offering ever. Shares soared 76 percent from the IPO price in just two months. Then it all crumbled.
Global Markets
Alibaba Investors Backpedal as China Slowdown Saps Sales Growth
Alibaba Group Holding Ltd. is beset by the slowest economic growth in 25 years and a domestic stock selloff that has shaken global investor confidence.
Financial Markets
Versace to Award Management Stock as IPO Plan Remains on Track
Gianni Versace SpA will award management about 0.3 percent of the company’s stock when it sells shares in an initial public offering, according to chief executive officer Gian Giacomo Ferraris.
Financial Markets
Alibaba Drop Leaves Stock Pennies Above IPO Price
Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors.
Financial Markets
Luxury Retailer Neiman Marcus Files for IPO Valued at $100M
Neiman Marcus Group Inc filed with US regulators on Tuesday for an initial public offering, the second time in two years it has unveiled plans to go public.
Financial Markets
Shopify Has Smaller Loss Than Expected in First Post-IPO Results
Shopify Inc. beat analysts’ estimates in its first quarter as a public company as it signed up more users and increased revenue from processing payments.
Financial Markets
Rocket Internet Says Portfolio Value up 47 Percent from IPO
Germany's Rocket Internet said the last portfolio value of its stable of e-commerce investments had risen by 2.3 billion euros ($2.5 billion), or 47 percent, by the end of June from its stock flotation nine months ago.
Financial Markets
Why Under Armour CEO’s Power Play Looks Like Bad Governance
Plank gladly accepted investors’ money when he took Under Armour public in 2005, but since then he’s maintained control through an increasingly complex setup of multiple stock classes.
Retail
Hudson’s Bay Real Estate IPO Moves Closer With Deal for Kaufhof
Hudson’s Bay Co.’s acquisition of a 136-year-old German retailer lifts the value of its real estate by 20 percent to C$11 billion ($8.9 billion) and brings it a step closer to unlocking that value in a new initial public offering.
Financial Markets
Shop.ca Weighs IPO within next Year after Raising Cash
Canadian e-commerce start-up Shop.ca is looking at going public within the next year to take advantage of robust investor appetite for the country's technology sector.
Technology
Bits & Bytes | Luxury's Digital Destiny, Bloggers, Shopify
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
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.