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.
Ralph Toledano
Power Moves | L’Oréal Appoints New CEO, Macy’s Taps Consultant as CFO
This week, Nicolas Hieronimus takes the helm at L’Oréal, while Macy’s appoints a Boston Consulting Group partner as Chief Financial Officer.
What's Next for Victoria Beckham?
Chairman Ralph Toledano spoke exclusively to BoF about the label’s plans to reverse years of losses and achieve breakeven following filings that revealed a 16 percent sales decline in 2018.
Power Moves | Kering Appoints Diversity & Inclusion Chief, Victoria Beckham Names CEO
This week, Kering hires its first chief diversity and inclusion officer, while Victoria Beckham Limited announces Paolo Riva’s successor.
Luxury
Puig Is Getting Serious About Fashion… to Sell More Fragrance
The Spanish scent giant that owns Dries Van Noten, Carolina Herrera, Jean Paul Gaultier, Paco Rabanne and Nina Ricci is trying to reposition itself as brand-builder first, licensee second. Can José Manuel Albesa, the executive behind the strategy, make it work?
Puig Is Getting Serious About Fashion… to Sell More Fragrance
The Spanish scent giant that owns Dries Van Noten, Carolina Herrera, Jean Paul Gaultier, Paco Rabanne and Nina Ricci is trying to reposition itself as brand-builder first, licensee second. Can José Manuel Albesa, the executive behind the strategy, make it work?
Risk of Global Recession Threatens Luxury Party
This week, the IMF added a no-deal ‘Brexit’ to the list of key risks to global economic growth, a sobering signal amid a slew of positive results for luxury groups.
Power Moves | Polimoda Names Head of Fashion Design, Victoria Beckham Appoints CFO
This week, Polimoda names former Ferragamo Creative Director Massimiliano Giornetti head of fashion design, while Victoria Beckham announces an executive appointment.
Power Moves | Inditex Confirms New CEO, M&S Names Fashion Lead
This week, Zara veteran Carlos Crespo is appointed CEO, while M&S taps Topshop fashion director.
Victoria Beckham CEO Exits Amid Turnaround
Fashion veteran Ralph Toledano, who was appointed chairman in March 2018, will lead the business going forward as he aims to revive the loss-making brand.
What the Fashion World Is Saying About the Passing of Karl Lagerfeld
The industry remembers the beloved designer, whose death was announced on Tuesday morning.
Power Moves | Bergdorf Names Chief Operating Officer, LVMH Adds to Executive Committee
This week, Bergdorf Goodman announces its new chief operating officer, while LVMH appoints Delphine Arnault to its executive committee.
Power Moves | French Couture Federation Reelects President, Snap Nominates Director
This week, the Fédération de la Haute Couture et de la Mode reelects Ralph Toledano as president, while Snap nominates Glossier's Poppy Thorpe as director.
Is Dior Ready for a Revolution?
Christian Dior's creative director Maria Grazia Chiuri is known for bringing an activism-tinged approach to the catwalks, but a real revolution is brewing inside the house.
Company Snapshot
As the new head Victoria Beckham and the Paris' governing body for fashion, the is turning around the brand and maintain the city's fashion prominence.
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.