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
$715 Million Mavi Jeans IPO Could Be Turkey's Largest Since 2013
The deal promises to shake up a moribund market for Turkish IPOs, characterised by years of cancelled or postponed sales and short-lived listings.
Financial Markets
Snap's First Earnings To Shed Light on Battle With Facebook, Twitter
Investors in the social media app are eager to avoid one in particular when the company reports its earnings for the first time since its initial public offering: a plunging stock price.
Technology
Report: Stitch Fix Said to Be Mulling Initial Public Offering
Executives are understood to have held early discussions with bankers about a potential deal, and the board plans to decide in the next month whether to pursue a public offering.
Financial Markets
Canada Goose Vaults Reiss From Aspiring Writer to Millionaire
Dani Reiss had no intention of running a billion-dollar clothing empire when he joined his dad’s shop making winter parkas 20 years ago.
Financial Markets
Report: Valentino Not Expected to List IPO in 2017
In December 2015, the Qatari owners of the fashion house asked Rothschild to involve a number of banks in the listing, but the operation has been regularly postponed.
Financial Markets
Canada Goose Ends Drought of Luxury Goods IPOs
Canada Goose is seeking to raise as much as C$320 million ($237 million) in its IPO, scheduled to price Wednesday after markets close.
Financial Markets
Snap to Price Long-Awaited IPO Amid Signs of Brisk Demand
Snap is targeting a valuation of between $19.5 billion and $22.3 billion, the richest valuation in a US tech IPO since Facebook in 2012.
News & Analysis
Canada Goose’s Smartest Business Move Was Expanding Beyond Canada
"Last year, the homegrown Canadian label’s biggest market has been the US. Between 2014 and 2016, it increased its US sales more than 200 percent."
Financial Markets
Report: Snapchat Files for One of the Biggest Tech IPOs in Years
The company could go public as soon as March and be valued at $20 billion to $25 billion, making it the largest IPO since Alibaba Group Holding Ltd.
Financial Markets
ZTO Express Eyes Largest Chinese Company US IPO Since Alibaba
NEW YORK, United States — Logistics company ZTO Express has set terms for what could be the largest US initial public offering this year and also the
Financial Markets
Snap Inc Working on IPO Valuing Firm at $25 Billion or More
Snap Inc, which operates the app that lets users send videos and messages that disappear in seconds, is looking to sell shares as early as late March, WSJ reported.
Technology
Venture Capitalists Invest $56 billion In Startups So Far in 2016
At that pace, venture investment is projected to hit $74 billion by year's end, falling short only of the investment levels in 2000 and 2014.
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.