Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
investing
Global Markets
Alibaba Investors Backpedal as China Slowdown Saps Sales Growth
Alibaba Group Holding Ltd. is beset by the slowest economic growth in 25 years and a domestic stock selloff that has shaken global investor confidence.
Alibaba Investors Backpedal as China Slowdown Saps Sales Growth
Alibaba Group Holding Ltd. is beset by the slowest economic growth in 25 years and a domestic stock selloff that has shaken global investor confidence.
Retail
Ascena Retail Closes on $2 Billion Acquisition of Ann
The Ascena Retail Group on Friday completed its approximately $2 billion acquisition of the owner of Ann Taylor and Loft.
Ascena Retail Closes on $2 Billion Acquisition of Ann
The Ascena Retail Group on Friday completed its approximately $2 billion acquisition of the owner of Ann Taylor and Loft.
Financial Markets
Amazon Lures Investors Back From Alibaba
China is no longer in vogue with e- commerce investors, as money returns to the U.S. and Amazon.com Inc. following a brief fling with Alibaba Group Holding Ltd. and its 367 million customers.
Amazon Lures Investors Back From Alibaba
China is no longer in vogue with e- commerce investors, as money returns to the U.S. and Amazon.com Inc. following a brief fling with Alibaba Group Holding Ltd. and its 367 million customers.
Financial Markets
Wal-Mart Buys Out China E-Retailer Yihaodian as Founders Leave
Wal-Mart Stores Inc. bought the remaining 49 percent stake it doesn’t already own in Yihaodian, a Chinese e- commerce company, a week after its founders left to start a new venture.
Wal-Mart Buys Out China E-Retailer Yihaodian as Founders Leave
Wal-Mart Stores Inc. bought the remaining 49 percent stake it doesn’t already own in Yihaodian, a Chinese e- commerce company, a week after its founders left to start a new venture.
Financial Markets
PayPal’s Debut Market Value Tops EBay’s as Investors Seek Growth
PayPal Holdings Inc. will make its stock debut with a market value almost 1.4 times that of EBay Inc. as investors bet on bigger returns from the digital payments business.
PayPal’s Debut Market Value Tops EBay’s as Investors Seek Growth
PayPal Holdings Inc. will make its stock debut with a market value almost 1.4 times that of EBay Inc. as investors bet on bigger returns from the digital payments business.
Global Markets
Alibaba Boosts Singapore Post Stake, Invest in E-Commerce Unit
Chinese e-commerce giant Alibaba Group Holding Ltd is investing about S$279 million ($205.98 million) to expand its holdings in Singapore Post Ltd and its e-commerce subsidiary
Alibaba Boosts Singapore Post Stake, Invest in E-Commerce Unit
Chinese e-commerce giant Alibaba Group Holding Ltd is investing about S$279 million ($205.98 million) to expand its holdings in Singapore Post Ltd and its e-commerce subsidiary
Financial Markets
Global Fashion Raises €150 Million, Valuing It at €3.1 Billion
Global Fashion Group has raised 150 million euros ($166.52 million) in funding, valuing the possible stock market flotation candidate at 3.1 billion euros ($3.45 billion).
Global Fashion Raises €150 Million, Valuing It at €3.1 Billion
Global Fashion Group has raised 150 million euros ($166.52 million) in funding, valuing the possible stock market flotation candidate at 3.1 billion euros ($3.45 billion).
Financial Markets
Alibaba Group in Talks to Buy Stake in India's Paytm
Chinese e-commerce giant Alibaba Group Holding Ltd is in advanced talks to invest in Indian online payment platform and e-commerce firm Paytm, two sources with knowledge of the matter said.
Alibaba Group in Talks to Buy Stake in India's Paytm
Chinese e-commerce giant Alibaba Group Holding Ltd is in advanced talks to invest in Indian online payment platform and e-commerce firm Paytm, two sources with knowledge of the matter said.
Financial Markets
Why Under Armour CEO’s Power Play Looks Like Bad Governance
Plank gladly accepted investors’ money when he took Under Armour public in 2005, but since then he’s maintained control through an increasingly complex setup of multiple stock classes.
Why Under Armour CEO’s Power Play Looks Like Bad Governance
Plank gladly accepted investors’ money when he took Under Armour public in 2005, but since then he’s maintained control through an increasingly complex setup of multiple stock classes.
Retail
Hudson’s Bay Said to Win Metro’s Kaufhof on $3.3 Billion Bid
Hudson’s Bay Co., the oldest company in Canada, has won the bidding for Metro AG’s Galeria Kaufhof department-store chain in Germany, according to people familiar with the matter.
Hudson’s Bay Said to Win Metro’s Kaufhof on $3.3 Billion Bid
Hudson’s Bay Co., the oldest company in Canada, has won the bidding for Metro AG’s Galeria Kaufhof department-store chain in Germany, according to people familiar with the matter.
Global Markets
Japan's Maverick Billionaire Invests Big Abroad
When Masayoshi Son placed a $20 million bet 15 years ago on Alibaba, plenty of peers considered it too risky a venture. Since then, Son's investment has paid out more than $70 billion, strengthening SoftBank and making him Japan's second richest man.
Japan's Maverick Billionaire Invests Big Abroad
When Masayoshi Son placed a $20 million bet 15 years ago on Alibaba, plenty of peers considered it too risky a venture. Since then, Son's investment has paid out more than $70 billion, strengthening SoftBank and making him Japan's second richest man.
Financial Markets
Softbank Invests $1B in South Korean Online Retailer Coupang
South Korean online shopping site Coupang has secured a $1 billion investment from Japanese Internet company Softbank Corp.
Softbank Invests $1B in South Korean Online Retailer Coupang
South Korean online shopping site Coupang has secured a $1 billion investment from Japanese Internet company Softbank Corp.
The News in Brief
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.