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
Alibaba Falls Below $100 in Post-Holiday Slump
Alibaba Group Holding Ltd., China’s biggest e-commerce company, fell for a fourth day in New York, extending a retreat from its November high as the peak shopping season ended and investors await quarterly results expected next month.
Global Markets
Online Marketplace Etsy Said to Target U.S. IPO
Etsy Inc., the global marketplace for handmade and vintage goods is planning an initial public offering that could take place as soon as this quarter.
Financial Markets
Zalando Regains IPO Price as Online Retailer Nears Profitability
Zalando SE traded above its initial public offering price for the first time since last month’s stock market debut after Europe’s largest online fashion retailer forecast it will end the year “slightly profitable.”
Financial Markets
Net-a-Porter Owner Said to Consider 2015 IPO
Cie. Financiere Richemont SA is considering an initial public offering of online retailer Net-a-Porter as soon as next year, people with knowledge of the situation said.
Financial Markets
Rocket Internet IPO Propped Up By Underwriting Bank
Proceeds from the listing of Rocket Internet shares were lowered to around 1.4 billion euros ($1.75 bln), from an initially targeted 1.6 billion euros, regulatory filings to the Frankfurt Stock Exchange late on Friday show.
Financial Markets
Remo Ruffini, Chairman and Chief Executive Officer, Moncler
PARIS, France — In the week prior to my meeting with Remo Ruffini, the enigmatic chief executive of Moncler, his company's stock price dropped by
Global Markets
As IPO Markets Stumble, Private Equity Buyers Prepare to Swoop
LONDON, United Kingdom — Across Europe, companies hoping to list are having their plans dashed by plunging equity prices. But what's bad for public
Global Markets
Rocket Shares Fall After Germany’s Biggest IPO Since 2007
BERLIN, Germany — Rocket Internet AG, the German company known for replicating businesses from Groupon Inc. to Airbnb Inc., fell on its first day of
Global Markets
Zalando Shares Surge in Online Fashion Retailer’s Trading Debut
FRANKFURT, Germany — Zalando SE surged as much as 14 percent on its trading debut in Frankfurt, as Europe's largest online fashion retailer kicked
Financial Markets
Jimmy Choo to Begin London IPO Next Month
Jimmy Choo Ltd. will begin an initial public offering in London next month after owner JAB Holdings approved plans to sell a stake in the maker of $1,995 Lust peep-toe sandals.
China
The China Edit | Alibaba IPO, Hermès Expansion, Krizia, Angelica Cheung
" Alibaba, With Its I.P.O., Mints Millionaires and Risk-Takers" (Dealbook) "This leafy manufacturing hub two hours southwest of Shanghai is best
Financial Markets
Jimmy Choo Woos Investors with Sales Growth Ahead of IPO
Luxury shoe brand Jimmy Choo will seek to woo investors with a share market flotation prospectus promising industry-beating annual sales growth of more than 10 percent on the back of aggressive expansion plans in Asia and elsewhere.
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.