Spain’s Puig Sets IPO Price Guidance at Top of Range
The Barcelona-based firm set the price guidance at €24.50 per share, according to terms seen by Bloomberg News, giving the company an implied market value of €13.9 billion ($14.9 billion).
David Carey
Troy Young Exits Hearst: What Happens Now?
The yet-to-be-named replacement for Young, who was the subject of a recent New York Times exposé documenting alleged lewd comments and other inappropriate behaviour, will be left to reckon with advertising-based publishing’s challenged business model.
Hearst Is Still Searching for an Editor for Harper’s Bazaar. Here’s Why.
Print’s challenges might not matter to some who dream of following in the footsteps of Liz Tilberis and Glenda Bailey. But many of today’s editors have other aspirations.
YouTube vs Instagram: Fashion’s Video Face-Off
In the brewing battle between YouTube and Instagram's new IGTV, which platform is better poised to win over the fashion market?
David Carey Is Leaving Hearst
The head of Hearst Magazines is stepping down at the end of this year after 8 years at the media company and heading to Harvard University.
The BoF Podcast: Inside the Hearst Media Empire with David Carey
President of Hearst Magazines David Carey speaks to Imran Amed about the magazine industry’s state of flux, as well as the opportunities and challenges of leading the Hearst media empire.
Glenda Bailey Talks Future of Magazines and Harper’s Bazaar 150th Anniversary
The longtime editor-in-chief, as well known for her clever take on imagery as she is for winning over advertisers, addresses everything from her rumoured retirement to the elements of a collectible issue.
The Great Media Shakeup
What does the unprecedented changing of the guard at Vanity Fair, Elle and Glamour spell for the future of fashion media?
Nina Garcia Appointed Editor-in-Chief at Elle
The creative director of Marie Claire will succeed Robbie Myers on September 18.
Robbie Myers to Exit Elle Magazine
According to sources, Hearst has already selected a successor and is set to make an announcement shortly.
Condé Nast, Hearst Adopt More Global Outlook
In a globalised world, major fashion publishers are evolving their approach to localisation.
A Wall Street Dealmaker's All-In Bet on Retail
At at time when the long, slow death of retail is accelerating, private equity investor Stefan Kaluzny runs the risk of staking his $3.5 billion firm to an industry that might just be doomed to fail.
Inside Condé Nast’s Digital Strategy
The publishing giant is finally on the digital offensive. But is it too little, too late? BoF sits down with chief executive Bob Sauerberg and chief digital officer Fred Santarpia.
Company Snapshot
He has expanded the company’s geographic reach by purchasing over 100 international editions from French media company Lagardère.
The News in Brief
L’Occitane’s Billionaire Owner Close to Possible $7 Billion Buyout Bid
Chairman Reinold Geiger’s investment holding company, L’Occitane Groupe SA, is considering an offer for the Hong-Kong listed firm’s shares he does not already own, at HK$33 to HK$34 per share, the report said, citing people familiar with the matter.
LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Zara Re-Enters Venezuelan Market
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
EU Hits Fast-Fashion Giant Shein With New Digital Rules
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Sales Rise More Than Expected, Led by Beauty
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.