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
Technology
Shopify Valued at $1.27 Billion at IPO
Canadian e-commerce software maker Shopify Inc said its U.S. initial public offering was priced at $17 per share, valuing the company at about $1.27 billion.
Financial Markets
Rocket Internet Posts 31 Percent Rise in Portfolio Value Since IPO
Rocket Internet reported on Tuesday that the loan portfolio value of its investments has risen by 2.0 billion euros ($2.23 billion) since its initial public offering last October.
Financial Markets
Handmade Goods Website Etsy Valued at $3.88 Billion in Debut
Shares of Etsy Inc, an online marketplace for handmade goods and craft supplies, more than doubled in their debut on Thursday, valuing the company at about $3.88 billion.
Technology
Bits & Bytes | Etsy IPO, Maison MRKT, Spring, Apple Watch
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Technology
E-commerce Platform Shopify Files to go Public
Shopify, which provides a platform for small- and mid-size businesses that sell products online, plans to go public.
Financial Markets
Etsy IPO Expected to be Priced at $14-$16 Per Share
Etsy Inc, which operates a website that sells handmade goods and craft supplies, said its initial public offering was expected to be priced at $14-$16 per share.
Beauty
Procter & Gamble Mulls Sale or IPO of Beauty Brands
Procter & Gamble Co is exploring a sale or initial public offering of some of its beauty brands in a single deal.
News & Analysis
Etsy Aims to Raise $100m in IPO
"Etsy, the online craft goods marketplace, has filed to go public on Nasdaq, planning to raise at least $100m."
Retail
New Look Primed for IPO as Owners Said to Seek New Investors
New Look Group Ltd., Britain’s second- biggest retailer of women’s clothing, said it’s equipped for an initial public offering amid renewed speculation that its private-equity holders are seeking an exit.
Financial Markets
To IPO, or Not to IPO
BoF weighs up the pros and cons of going public compared to other options for raising capital to fuel growth.
Retail
Russian Web Retailer Ulmart Aims to Raise $1bn IPO
Ulmart, Russia’s largest online retailer, plans to sell $1 billion of shares in an initial public offering next year to fund expansion in the country’s e-commerce market.
Technology
Bits & Bytes | Nasty Gal, Menswear, Wearables, Etsy
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.