Perfume Group Puig, Backers to Raise €2.6 Billion in Madrid IPO
Puig and its founding family plan to sell Class B shares at €22 to €24.50 each, the Barcelona-based company said Thursday in a filing with the Spanish securities regulator.
Margherita Missoni
The $900 Million ‘Old Céline’ Opportunity
Who is best positioned to dress the affluent follower of Phoebe Philo’s chic and unfussy Celine in the wake of Hedi Slimane’s wholesale reinvention of the LVMH-owned house?
Power Moves | Margherita Missoni Appointed Creative Director of M Missoni, TAG Heuer Names Strategy and Digital Director
This week, Margherita Missoni is set to head up M Missoni, while Frédéric Arnault joins LVMH-owned TAG Heuer.
Fast-Growing Brand Saloni Bets Big on Experiential Marketing
‘I don’t necessarily think that a store in Mayfair is going to do anything for me,’ says designer Saloni Lodha on her decision to invest in Instagram friendly events like this weekend’s Holi Saloni in Udaipur, India.
Why Yoox Is Overhauling Its Website
Luca Martines, president of off season at Yoox Net-a-Porter Group, speaks exclusively to BoF about why Yoox has overhauled its website to focus on personalisation, omnichannel and editorial content.
Company Snapshot
Primed to take over creative direction of the brand from her mother, Angela Missoni, she is the third generation of the Italian knitwear label.
The News in Brief
Vita Liberata Bought Back By Founder
Alyson Hogg, who founded the luxury tanning brand in 2003, has reacquired it from Crown Laboratories.
Swiss Watch Exports Plunge as China and Hong Kong Demand Dries Up
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.
Asos Says It Will Take ‘Necessary Actions’ After 18% Drop in Sales
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
TikTok Divest-or-Ban Bill Heads to Fast Track in US Congress
The effort to force TikTok’s Chinese parent company ByteDance Ltd to divest its ownership of the social media platform would quickly become law under a plan outlined Wednesday by House Speaker Mike Johnson.
Lagardère Group Launches Egyptian Edition of Elle Magazine
The French publisher has appointed Tunis-based firm Nissa Editions Group as the local licensing partner and Cairo-based fashion media veteran Susan Sabet as both managing director and editor-in-chief of the new title.
Report: FTC to Consider Blocking Tapestry’s $8.5 Billion Capri Takeover
The US Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings, NYT Dealbook reported on Wednesday, citing people familiar with the matter.
Harvey Nichols Appoints New CEO
Harvey Nichols has named Julia Goddard chief executive following the departure of Manju Malhotra — who held the post for 25 years — in late 2023.