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
Beauty
Tencent-Backed Plastic Surgery App SoYoung Files for US IPO
The firm could raise around $300 million in the planned offering, according to sources familiar with the matter.
Financial Markets
Inside the Levi’s IPO
The company plans to go public amid a resurgence in denim sales and as the 166-year-old brand is finding success among younger customers with fashion collaborations and high-tech customisation options.
Financial Markets
Levi Strauss Files for IPO
The 145-year old jeans company is seeking to return to the public markets after more than three decades.
Financial Markets
The RealReal in Talks with Banks for IPO
The company, valued at $745 million, has sent out a request for proposals to prospective advisors and underwriters to manage the listing this year.
Financial Markets
VF Corp Names Its Denim Spinoff
Instead of naming the planned publicly traded company after one of its iconic American brands, like Lee or Wrangler, the apparel maker will call the spinoff Kontoor Brands Inc.
Financial Markets
Farfetch Sales Jump in First Results Since IPO
Sales on the online marketplace rose 53 percent to $310 million in the third quarter, outpacing overall luxury spending. The company credits the addition of new brands and strong growth in key emerging markets, including China, Mexico and the Middle East.
Financial Markets
Farfetch Gets Analyst Praise in Initiations
Wells Fargo, UBS and Deutsche Bank are among the firms that issued a buy rating on the company.
Technology
Farfetch Dips Below IPO Price
Almost one month after its blockbuster IPO, the fashion unicorn dropped below its debut price of $20 per share in intraday trading.
News & Analysis
The Word 'Influencer' Appears 79 Times in Revolve’s IPO Filing
"Influencers are one of the underpinnings of Revolve’s growing sales of clothes to young women."
Financial Markets
José Neves Nets $1.2 Billion in Farfetch IPO
The luxury online marketplace priced its shares above its targeted range on Friday in a New York flotation that values the company at over $5.8 billion.
Technology
Farfetch Surpasses $8 Billion Valuation in Early Trading
Farfetch is getting a warm reception on Wall Street, where its shares shot up more than 42 percent on Friday morning.
Global Markets
Ahead of IPO, Farfetch Pushes Into Modest Dressing
The London-based marketplace is entering a global partnership with modest luxury retailer The Modist.
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.