COUNTDOWN BEGINS: Puig has set the pricing of its initial public offering at 24.50 euros per Class B share and confirmed it will begin trading on the Spanish Stock Exchanges on Friday. The beauty and fashion company’s shares, priced at the top of the offering price range of 22 to 24.50 euros per share, are … Read more
Is the fashion industry finally coming to grips with planned, unhurried succession strategies for its famous creative leaders? WWD broke the news on Tuesday that Dries Van Noten is stepping down in June after nearly four decades in fashion — and a glorious, slow-building fashion career. His last show in his current role will be … Read more
Marking the end of an era for a beloved and singular designer, a search for a successor to Dries Van Noten quietly commenced in recent months, according to market sources. Contacted by WWD, the acclaimed Belgian designer confirmed he is stepping down in June, after nearly four decades in fashion – and a glorious, slow-building … Read more
TO KINGDOM COME: The King and Queen of Spain presided over a ceremony held Wednesday in Barcelona to inaugurate the second Puig Tower. King Felipe VI and Her Majesty Queen Letizia toured the building, called Puig Tower-T2, which houses almost 500 employees of the Spanish beauty and fashion company’s operations hub. It also shelters an innovation … Read more
LONDON – Shiseido is looking to take a bigger slice of the beauty and wellness market with the formation of a venture fund and the acquisition of two small, fast-growing brands: Phi Therapeutics, Inc., and Patrick Kidd Holdings Pty Ltd. Shiseido said the fund, Long Term Investments for the Future Ventures, or LIFT, will be … Read more
