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.
logistics
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
Retail
Nike, Polo’s Marooned Suppliers Race to Meet Thanksgiving Rush
Suppliers to companies from Nike to Hugo Boss are scrambling to ensure their T-shirts and sneakers reach buyers in time for the year-end holiday season after the collapse of Hanjin Shipping Co. left an estimated $14 billion worth of goods adrift.
Retail
Gap Distribution Centre Fire Intentionally Set, Says Police
A fire that broke out at apparel retailer Gap's distribution centre in New York last week was intentionally set, the New York State Police said on Tuesday.
News & Analysis
Gap Rerouting Deliveries to Cope With Distribution-Center Fire
Gap, which suffered a fire at its Northeastern distribution centre, is rerouting deliveries and boosting staff at its other facilities to cope with the fallout.
News & Analysis
Blaze erupts at Gap Inc. distribution center in New York
A massive blaze that ripped through a Gap distribution centre in New York has been largely extinguished.
News & Analysis
Amazon's New UK Distribution Centre to Create 500 jobs in 2017
Amazon plans to create 500 new jobs when it opens another distribution centre in northern England next year it has announced.
News & Analysis
Amazon Partners With UK Government to Test Delivery by Drone
Amazon and the British government have announced a partnership to test the e-commerce giant’s aerial drone parcel delivery system after run-ins over the technology’s use.
News & Analysis
Amazon Customers Facing Difficulty With Checkout on Prime Day
Amazon.com Inc said some customers were reporting difficulty with checkout after making purchases in its highly publicised "Prime Day" shopping event.
Retail
Ahead of Amazon Prime Day, Wal-Mart Tries To Move In
Wal-Mart is offering a free 30-day trial on its two-day unlimited shipping service, and an extra month free for paying members, as it looks to sharpen its attack against the online leader.
News & Analysis
Zalando Trials Same-Day Free Deliveries From Adidas Store
Europe's biggest online fashion retailer, Zalando, facing a growing threat from rival Amazon moving into its territory, is teaming up with Adidas to offer same-day, free deliveries from one of its sports stores.
Retail
Gap CEO Says He Would Consider Using Amazon to Reach Customers
Gap Inc. chief executive officer Art Peck said the retailer would consider relying on third-party sellers such as Amazon.com Inc. to reach customers.
News & Analysis
Amazon to Help European Vendors Sell Goods Across Borders
Amazon.com Inc. will offer to deliver vendors’ goods to customers in other European Union countries, as the e-commerce giant seeks to dominate online deliveries across the region.
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.