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
Bits & Bytes | Apple Watch, Twitter's 'Buy' Button, Rocket Internet IPO
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Technology
Rocket Internet Kicks Off $970 Million IPO
Rocket Internet AG, which has copied business models from Airbnb Inc. to Birchbox Inc., plans to raise 750 million euros ($970 million) in one of Europe’s most anticipated technology initial public offerings this year.
Financial Markets
Jimmy Choo IPO Could Value Brand at $1 Billion
Jimmy Choo, the luxury shoemaker owned by JAB Holdings, may begin its initial public offering in London as soon as this month amid rising demand for expensive footwear, according to people with knowledge of the situation.
Technology
US Investors Not That Interested in Alibaba IPO
The upcoming Alibaba IPO is expected to raise north of $21 billion when it debuts on the New York Stock Exchange, but American retail investors show lacklustre enthusiasm.
Technology
Bits & Bytes | Rent the Runway, Rocket Internet, Amazon in Shanghai
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Financial Markets
Op-Ed | Alibaba's Catch-22
Stuck in a ‘catch-22’ in its relationship with luxury brands, Chinese e-commerce juggernaut Alibaba should take a page from Google, maximising revenue in the short term, while buying critical time to build enduring relationships with Western brands, argue Brian Buchwald and Joshua Neckes.
Technology
As Giant U.S. IPO Nears, Alibaba's China E-commerce Crown Slips
SHANGHAI, China — Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room
China
The China Edit | Consumer Purchasing Power Grows, Alibaba IPO, Masha Ma
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
China
The China Edit | Rising Magazine Culture, Alibaba IPO, Body Shop, Stop to Virtual Credit Cards
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Financial Markets
Jimmy Choo Owner Labelux Said to Hold Early Talks for Unit’s IPO
CASLANO, Switzerland — Jimmy Choo owner Labelux, the company that holds brands including Bally, has had preliminary meetings with bankers about the
Financial Markets
J. Crew Said to Be Talking With Banks About IPO Later This Year
NEW YORK, United States — J. Crew Group Inc., the retailer owned by TPG Capital and Leonard Green & Partners LP, is interviewing banks as it weighs
Financial Markets
Moncler IPO Shows Strong Investor Appetite
MILAN, Italy — The Italian luxury down jacket maker Moncler says investors sought more than 31 times the stock offered in its initial public
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.