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.
Trade
Latest News & Analysis
China
Global Brands Descend on Shanghai for Import Expo
The fourth annual China International Import Expo (CIIE) has kicked off in Shanghai with dozens of global fashion, beauty and luxury brands
Sustainability
What the Latest Clampdown on Xinjiang Cotton Means for Fashion
New policies on both sides of the Atlantic mean businesses will likely have to prove their supply chains do not pass through the Chinese region, where the reported detention of Uighurs in forced labour camps is rife.
Global Markets
US Targets French Luxury in Tariff Retaliation
The move comes after President Emmanuel Macron’s government said it would tax the Silicon Valley tech giants.
Global Markets
The EU Opens Trade Doors for Vietnam and Shuts Out Cambodia
The deal rewards Hanoi for its progress on labour guarantees with a 99 percent reduction in tariffs, while sanctioning Phnom Penh for human rights abuses.
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Luxury
What Will Vetements Be Like Without Demna?
This week, everyone will be talking about the men's shows at Paris Fashion Week, an agreement to end the US-China trade war and Fenty Beauty's first mascara. Get your BoF Professional Cheat Sheet.
Sustainability
Copenhagen International Fashion Fair Taps A$AP Nast As It Opens to the Public
The trade show is also partnering with denim brand Lee and designers Bethany Williams and Duran Lantink for a sustainability-focused special project, curated by Stavros Karelis and Orsola de Castro.
News & Analysis
Amazon and Indian Trader Group in Public Spat Over Discounts
The Confederation of All India Traders has issued concerns over the e-commerce giant's alleged circumvention of foreign investment rules.
News & Analysis
Uniqlo Owner Apologises for Saying Korea Boycott Won’t Last Long
Japan-based Fast Retailing Co. released a statement clarifying remarks that initially angered Korean customers amid the trade spat between the two countries.
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Global Markets
Nike and Lululemon Supplier Pivots Away From Vietnam After Exiting China
With Donald Trump hardening his stance on the Southeast Asian country, Eclat Textile Co. keeping up with the changing landscape of global trade.
News & Analysis
Walmart Criticises India's E-Commerce Rules, Warns of Trade Impact
The American retail corporation is siding with the US government in strongly opposing India's e-commerce rules in a failed lobbying attempt.
News & Analysis
What’s Your 'Plan B' for Made in China?
US President Donald Trump’s tariff threats have put the importance of supply chain management into sharp focus. What are the sourcing hot spots that offer alternatives to Chinese production?
Global Markets
Tariffs on Mexico Will Not Derail Trade Deal, Says Trump Official
The president’s threat of a 5 percent tariff on all Mexican goods will not worsen the country's economic situation, according to White House administration.
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.