It was the first time in recent history that Puig closed a year with a loss. Due to lockdowns and social distancing, consumption of fragrance, makeup and fashion, but the Spanish family-owned beauty and fashion company expects its business to amp up, and aims for sales to double in three years and triple in five years.
In the 12 months ended Dec. 31, 2020, the Barcelona-based group posted a net loss of 70 million euros, versus a gain of 226 million euros in 2019. Profit before tax came in at minus 72 million euros, against an increase of 304 million euros in the prior year.
There are two big changes in the industry the smartphone revolution and China,” the company’s portfolio has historically been heavily skewed toward fragrance, which is invisible, thus not seen in the ubiquitous online selfie culture, and has grown less quickly than the skin care and makeup categories.
The Allegra collection of five fragrances comes with Magnifying essences enabling customers to personalize their perfumes. Bulgari Taps Into the Customization Trend With New Fragrances
Designer Felipe Oliveira Baptista who brought a sophisticated and artistic touch to Kenzo over a two-year stint is to step down from his role of artistic director, and his exit from the Paris-based fashion house, will take effect on June 30 when his employment contract will arrive at its term.
The figures add to evidence the luxury sector is on the upswing, Hermès reported that first-quarter revenue jumped 44 percent, at constant rates, beating expectations and fueling optimism for leaders in the sector.
Brunello Cucinelli has long spoken of his admiration for Amazon founder Jeff Bezos, who he has hosted on several occasions to talk about humanity and the future. But who does he admire among his fellow designers?
Kanae Taniwaki is entering the Pantheon of Haute Couture. This man, so discreet, came to France under the impulse of Jacques Mouclier with Kenzo, Issey Miyake, Yijo Yamamoto. He was the eminence grise of Loris Azzaro and was also the best Premier d’Atelier at Franck Sorbier.
LVMH set the pace for the luxury watch industry on Monday, kicking off the year’s events with a week of presentations from its watch labels Bulgari, Hublot and Zenith.
The impact of the COVID-19 pandemic hurt Salvatore Ferragamo’s bottom line and revenues in 2020, but the Florence-based company is seeing improvements, reporting a positive performance of the brand's stores in the first nine weeks of 2021, topped by solid growth in China and Korea and an 85.6 percent gain in the digital channel.
Exor, an Agnelli family holding, is to invest 541 million euros in Christian Louboutin to become a 24 percent shareholder in the Paris-based maker of red-soled shoes.
Roksanda Ilincic offered clothes that where as cozy as they were optimistic and forward-looking, experimenting with new fabrications, construction techniques and prints that doubled as artworks, Apparently… 
I seek the essential, because I want to live next to human people who do not swell with triumphs, and who do not feel elected before their time. Today we will talk about a creator from across the Rhine. That’s good, we were missing a famous German on the calendar! And this one comes from the schools of the Chambre Syndicale de la Couture Parisienne, his name is Tilmann Grawe. From Louis Féraud Haute Couture to Paco Rabanne, he launched his first collection in March 2000.
Death of Saudi perfume magnate Hussein Bakry Gazzaz at the age of 95. I dreamed of bringing to my beloved country what I saw in Cairo in the 1920s,” Gazzaz said in an interview in 2014.
Chaumet is hosting an exhibit dedicated to Joséphine de Beauharnais and Napoleon Bonaparte at its recently refurbished Place Vendôme flagship in Paris.
After many years away from the fashion scene, Jil Sander is back with a new +J collection that drops Thursday at Uniqlo stores worldwide internet.
Japanese fashion designer Kenzo Takada, famous for creating the world-renowned Kenzo brand, has died from complications linked to COVID-19 at the age of 81,
Tonight, Isabel Marant celebrated love, joy, celebration and human warmth. The tent she usually erects in the Palais Royal gave way to an outdoor parade in free placement. No millimetre front row, no hierarchy, just love and a good dose of energy, which devotees like Lena Mahfouf, Kim Chapiron and Tina Kunakey came to celebrate with her. The (La)Horde dance collective shared the podium with a diverse and joyful cast, in an ultra dynamic choreography: the dancers ran, jumped, hugged each other, forming human pyramids that punctuated the passage of the mannequins.