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.
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Retail
Neiman Marcus CFO Steps Down After Less Than 18 Months
The luxury retailer is in the process of naming a successor, but Orvos will remain at the company until October 11.
News & Analysis
New Outerwear Brands Ride the Instagram Wave
From Kassl Editions to Common Leisure, a flurry of emerging labels are challenging mainstay names like Moncler and luxury brands like Gucci in the fast-growing outerwear category.
News & Analysis
Neiman Marcus Creditor Steps up Attack on MyTheresa Transfer Plan
Marble Ridge Capital accused Neiman Marcus of 'corrosive conduct' over a plan to transfer luxury online retailer MyTheresa to the department store’s private equity owners.
News & Analysis
MyTheresa Launches Print Magazine
Titled ‘The Album,’ the inaugural issue stars Gia Coppola on the cover, and features interviews with Natacha Ramsay-Levi , Dries van Noten and Kym Ellery.
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Luxury
MyTheresa Founders Are Back With New Venture Martha Louisa
Munich’s Susanne and Christoph Botschen are betting on a new multi-brand footwear e-commerce venture. Can retail success strike twice?
News & Analysis
Fashion in 2018 | 04. Getting Personal
As personalisation emerges as the number one trend in 2018, brands will value data even more to tailor recommendations, engage influencers and customised experiences.
Workplace & Talent
Power Moves | Dazed Media’s New Editorial Director, TCS Names President
This week, Dazed Media names Bunny Kinney its new editorial director, while The Communications Store has appointed Emma Paton president of its US office.
News & Analysis
Will Millennials Boost the Fur Trade?
Millennial-friendly megabrands like Gucci are going fur-free, but the $40 billion global fur industry is working hard to reinvent itself for a new generation of consumers.
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Workplace & Talent
Power Moves | Mytheresa.com’s Managing Director Exits, Helmut Lang's New Menswear Creative Director
This week, Mytheresa.com's managing director Jens Riewenherm steps down, while Mark Howard Thomas joins Helmut Lang as creative director of menswear.
Workplace & Talent
Power Moves | Justin O'Shea to Brioni, Richemont Co-CEO Retires, Nike Hires Dave Dombrow
LONDON, United Kingdom — BoF compiles the most important professional moves of the week.
Workplace & Talent
Power Moves | Justin O’Shea Promoted, Vera Wang President, Fashion Media Hires
BoF compiles the most important professional moves of the week.
Luxury
European Fashion Sense Dominates Online, Too
It's hard to believe there are still parts of the consumer market that the e-commerce revolution has barely touched. Yet that's the case with luxury clothing, and it is preparing for explosive growth in developed markets.
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.