BERLIN – Sales at Puma were down 0.2 percent on a currency-adjusted basis to 2.12 billion euros in the second quarter as consumers tightened their belts, prompting the German sportswear maker to lower its forecast for full-year operating profit. Despite a slow start to the year, Puma racked up 4.22 billion in sales in the...Read More
PARIS – L’Oréal is digging deeper into the dermatological products market, taking a 10 percent stake in Galderma, the pure-play dermatology leader and among the largest in injectable aesthetics, which it originally co-founded. L’Oréal said Monday it had acquired the share in Galderma Group AG from Sunshine SwissCo AG, a consortium led by EQT, Abu Dhabi...Read More
LONDON — The newly coined buzzy term “Rodent Man” not only has taken the internet by storm, but it has also helped Loewe overtake Miu Miu to claim the top spot on the latest Lyst Index hottest brands ranking. For the three months ending June 30, searches for Loewe jumped 29 percent on Lyst. The...Read More
PARIS – SGS, the Swiss testing, inspection and certification company, has agreed to acquire France’s Institut d’Expertise Clinique, or IEC, to reinforce its worldwide leadership in cosmetics. Financial terms of the deal were not disclosed. IEC is a leading cosmetics clinical research organization that operates in the field of advanced clinical testing solutions. Safety is paramount...Read More
Giambattista Valli’s ravishing mood board backstage at his fall couture show collaged miniature Mughal paintings, details from Botticelli masterpieces including “Primavera,” gardens in Jaisalmer, a city in Rajasthan’s Thar Desert, flowers galore — and the dresses all that inspired, one hooded red gown with a swooping décolleté resembling a garland of blooms, if you blurred...Read More
PARIS – The European Commission has fined International Flavors and Fragrances Inc. and International Flavors and Fragrances SAS 15.9 million euros for obstructing an antitrust inspection in 2023. “The commission found that during the inspection, a senior employee of IFF intentionally deleted WhatsApp messages exchanged with a competitor,” the European Commission said in a statement released...Read More
WINGS OF DESIRE: If a rat can become an acclaimed chef in Paris, as was the case in “Ratatouille,” can a moth break into the fashion industry? The world will find out when a new animated feature film, with Jean Paul Gaultier as its artistic director, is released in 2027. The untitled project was teased...Read More
Two days after his Emporio show, Giorgio Armani transformed his Via Bergognone runway theater into a terrace in the tropics for his collection display, setting out rows of wooden director’s chairs and projecting shuddering palm leaves around the perimeter. This smooth, confident collection felt like a master class in tailored dressing for hot climes, the...Read More
Sarah Staudinger was sitting in a lush greenhouse in Los Angeles for the Zoom review of her resort collection. The backdrop was actually a 1920s greenhouse, connected to her home, that she’s spent the last year restoring and converting into her personal ceramics studio. “I’ve been working out of here over the last six months...Read More
