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 | Farfetch Files for IPO, Walmart Bets on VR
This week, Farfetch registered to take the company public, while Walmart has applied for two US patents that signal towards a VR strategy in retail.
Financial Markets
Farfetch Files for IPO, Testing Investors' Appetite for Luxury
Farfetch's soaring sales could make for one of the fashion world's biggest public listings in years, though the London-based marketplace has yet to show it can sell luxury apparel online and turn a profit.
Financial Markets
Flipkart Investors Could Force Walmart to Take Company Public
Walmart could be forced to publicly list the Indian e-commerce company within four years at the request of a small minority of Flipkart shareholders, a public filing shows.
Beauty
Marc Anthony Cosmetics Is Said to Hire Advisers for Canadian IPO
The celebrity hair stylist's cosmetics company is planning to raise as much as C$250 million ($196 million), people familiar with the matter say.
Financial Markets
Valentino Says No Plan for IPO
The Italian fashion house has confirmed there are no plans to list the company, after rumours of an IPO planned for late 2018.
Financial Markets
Chinese Fashion E-Commerce Firm Meili Seeks $500 Million in IPO
The Chinese e-commerce platform is seeking an initial public offering in New York for the second half of this year, according to sources.
Financial Markets
Alibaba Eyes China Listing
The e-commerce giant is planning a mainland listing that could come as early as the middle of this year as China seeks to lure home its offshore-listed tech giants.
Financial Markets
Second-Hand Luxury Propels Japanese Pawn-Shop Startup to IPO
Nikko Securities is underwriting SOU Inc's IPO, which values the company dedicated to buying up second-hand luxury goods at 19.9 billion yen ($188.4 million).
Financial Markets
Apax-backed Takko Considering Stock Market Float
Apax Partners has had to repeatedly inject equity into the discount fashion chain after its bid to sell more expensive clothes failed.
Financial Markets
L Catterton-Backed Brand GXG Plans $300 Million IPO
The Chinese men’s fashion retailer is preparing to go public as soon as this year, according to sources.
Financial Markets
The Drumroll to Farfetch’s $5 Billion IPO
Over the last year, the fashion ‘unicorn’ has made a series of major announcements designed, in part, to prime the market for a blockbuster IPO set for September 2018.
News & Analysis
Fashion Unicorn Farfetch Will Soon Interview Bankers for Its New York IPO
"The IPO could come as soon as this year."
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.