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.
management
News & Analysis
The New Tiffany & Co. Needs Women
"As the storied brand comes off a sluggish decade, it’s looking to the 'self-purchasing woman' to save it."
Luxury
Ralph Lauren Falls as CEO Exits
Ralph Lauren announced that president and chief executive officer Stefan Larsson would leave the company on May 1, as shares fell by more than 11 percent.
Luxury
Fashion's Top 10 Newsmakers of 2016
BoF breaks down the people behind the biggest fashion stories of the year.
Luxury
Is Natalie Massenet Joining Farfetch?
The Daily Mail reports that Natalie Massenet is set to join Farfetch — a move that would place her back in the heart of luxury e-commerce.
News & Analysis
How A Group Of CEOs Plans To Solve Gender Inequality At Their Companies
"Technology may be pushing the rate of change ever faster, but so far, no app or bot has been able to accelerate the pace of parity for women in
Luxury
Is Melania Trumping Trade Concerns?
Designers seem fixated on whether or not to dress Melania Trump, but the fashion industry should pay more attention to the protectionist trade policies espoused by her husband, the President-elect.
Luxury
Bracing for President Trump
‘America’s Brexit’ raises the spectre of more nativist Trump-style victories across the West, spelling tough times for the emotionally-driven luxury sector.
Luxury
BoF Exclusive | Farfetch Appoints Chief Strategy Officer, En Route to Eventual IPO
The fashion e-commerce platform has hired Stephanie Phair to keep the company focused on future innovation as it prepares to pass $800 million in gross sales this year.
Luxury
Gauging China’s Rebound
Promising third-quarter results reflect renewed market momentum in China after years of slowing growth, yet the rebound is no panacea for the luxury sector.
Luxury
Richemont CEO, CFO to Retire As Profit Plunges
Chief executive officer Richard Lepeu and chief financial officer Gary Saage will both retire next year, as the company reported a decline in first-half profit.
News & Analysis
Ferragamo Says CEO Norsa to Leave Post by End of 2016
Salvatore Ferragamo's chief executive Michele Norsa will leave his post by the end of the year after a decade at the helm of the company.
News & Analysis
Inside the Zappos Holacracy
The Amazon-owned clothing and footwear retailer has adopted a new-fangled approach to management. Is it working?
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.