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24 May

Intercos Group Secures Financing for ESG Targets

by Beautifaire101
Beauty, Featured
Intercos Group Secures Financing for ESG Targets
MILAN — Intercos Group has signed an agreement with Italian bank Intesa Sanpaolo for a 30-million-euro financing to support the achievement of its ESG targets. The sustainability-linked revolving facility agreement will expire on Dec. 31, 2024. The environmental, social and governance targets identified by the corporate include renewable energy consumption, the acquisition of micas minerals — which in cosmetics and skincare are used so as to add shimmery and glowy effects — through sustainable sources and the further improvement of the ESG rating assigned to the group by EcoVadis Sas, a specialist in assessing the sustainability and CSR performance of firms. Intercos Group’s latest EcoVadis rating, released in March, was 72 out of 100, which earned the corporate a gold medal for the...
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25 Mar

Douglas Group Plans for IPO

by Beautifaire101
Beauty, Featured
Douglas Group Plans for IPO
PARIS — Douglas Group said Monday that it plans a public listing on the regulated market of the Frankfurt Stock Exchange as early as March 2024, subject to capital market conditions. The Düsseldorf, Germany-based beauty retailer targets an equity contribution of around 1.1 billion euros, including the targeted IPO primary proceeds and an added equity injection of around 300 million euros from the present shareholders, it said in an announcement.  Group shareholders include Kirk Beauty International SA, the holding company majority owned by funds advised by CVC Capital Partners and the Kreke family. IPOs are heating up within the European beauty market, with Puig and reportedly Galderma mulling public offers. “The proceeds are expected for use to proceed deleveraging the Douglas Group’s balance sheet,” the corporate...
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29 Nov

Pambianco Study: Antonio Marras Owner Calzedonia Group Ranks First

by Beautifaire101
Beauty, Featured
Pambianco Study: Antonio Marras Owner Calzedonia Group Ranks First
MILAN — Calzedonia Group once more took the highest spot as the corporate with the best potential to go public, in keeping with the 2023 “Le Quotabili” study by Milan-based consultancy Pambianco Strategie di Impresa. Giorgio Armani‘s namesake group ranked second, followed by Golden Goose, inverting the 2 firms’ positions from last 12 months’s study. Autry, Stefano Ricci and Max Mara ranked fourth, fifth and sixth, respectively. The Pambianco rating analyzes the businesses which have the economic, financial and positioning characteristics to be publicly listed in a time span of three to 5 years, no matter whether a list is within the plans of the firm. Two firms which have actually expressed an interest in an IPO, Liu-Jo and OTB, were ranked ninth...
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23 Nov

Neiman Marcus Group Cites Slowdown, Cautious Luxury Consumers

by Beautifaire101
Beauty, Featured
Neiman Marcus Group Cites Slowdown, Cautious Luxury Consumers
Neiman Marcus Group, confronting a volatile macro economy and increasingly cautious consumers, saw a dip in each revenues and profitability in its first fiscal quarter which ended Oct.28. Adjusted earnings before interest, taxes, depreciation and amortization, eased to $95 million in the most recent three-month period, versus $112 million within the prior-year period, the corporate disclosed to WWD on Wednesday. The luxurious retailer, operator of Neiman Marcus and Bergdorf Goodman stores and e-commerce web sites, also reported $948 million in sales for its last fiscal quarter, in comparison with $1.034 billion within the prior 12 months. Same-store sales fell 8 percent last quarter. The corporate ended the quarter with $35 million of money, versus $194 million within the prior-year period. “The decline in...
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