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.
ipo
Latest News & Analysis
Retail
Allbirds Won Over Investors. Now What?
The sustainable sneaker company saw shares soar in its debut, but a strong opening act doesn’t guarantee success down the line, critics say.
Allbirds Won Over Investors. Now What?
The sustainable sneaker company saw shares soar in its debut, but a strong opening act doesn’t guarantee success down the line, critics say.
Retail
Rent the Runway’s Uphill Battle
This week, shares in the loss-making rental platform fell on their first day of trading. Can the platform convince enough women to try rental fast enough to please investors?
Rent the Runway’s Uphill Battle
This week, shares in the loss-making rental platform fell on their first day of trading. Can the platform convince enough women to try rental fast enough to please investors?
Retail
Unpacking Rent the Runway’s IPO
The rental platform may have redeemed its unicorn status on the public market, but critics are wary of its long-term growth potential.
Unpacking Rent the Runway’s IPO
The rental platform may have redeemed its unicorn status on the public market, but critics are wary of its long-term growth potential.
Direct-to-Consumer
The DTC Economy Faces Its Biggest Test Yet
This week, everyone will be talking about Rent the Runway’s IPO and Shopify’s growth plans.
The DTC Economy Faces Its Biggest Test Yet
This week, everyone will be talking about Rent the Runway’s IPO and Shopify’s growth plans.
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Retail
Does the E-Commerce Spinoff Make Sense?
This week, Saks Fifth Avenue’s online arm appeared to be headed for a $6 billion IPO while an activist investor pushed Macy’s to follow suit and spin off its own e-commerce unit. But splitting up online and offline businesses, while tempting in the short-term, may be detrimental to long-term value creation.
Does the E-Commerce Spinoff Make Sense?
This week, Saks Fifth Avenue’s online arm appeared to be headed for a $6 billion IPO while an activist investor pushed Macy’s to follow suit and spin off its own e-commerce unit. But splitting up online and offline businesses, while tempting in the short-term, may be detrimental to long-term value creation.
Direct-to-Consumer
The Original Direct-to-Consumer Brand Heads for the Exit
This week, everyone will be talking about Warby Parker going public via a direct listing, new designers at Paris Fashion Week and the premiere of BoF’s new television show.
The Original Direct-to-Consumer Brand Heads for the Exit
This week, everyone will be talking about Warby Parker going public via a direct listing, new designers at Paris Fashion Week and the premiere of BoF’s new television show.
Fashion Week
London Fashion Week Looks Beyond Burberry
This week, everyone will be talking about London’s emerging designers Supriya Lele, Nensi Dojaka and Harris Reed, as well as the Met Gala and On Running’s IPO.
London Fashion Week Looks Beyond Burberry
This week, everyone will be talking about London’s emerging designers Supriya Lele, Nensi Dojaka and Harris Reed, as well as the Met Gala and On Running’s IPO.
Financial Markets
Why On Running Could Be Worth $6 Billion
With its upcoming IPO, the Roger Federer-backed Swiss sneaker upstart expects to raise as much as $622 million at a valuation above $6 billion on the back of its rapid growth and plans to push further into the lucrative lifestyle market.
Why On Running Could Be Worth $6 Billion
With its upcoming IPO, the Roger Federer-backed Swiss sneaker upstart expects to raise as much as $622 million at a valuation above $6 billion on the back of its rapid growth and plans to push further into the lucrative lifestyle market.
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Technology
How Lyst Plans to Take on Fashion’s E-Commerce Giants
The online fashion platform is gearing up for an IPO with an $85 million funding round and ambitions to become the Spotify of fashion.
How Lyst Plans to Take on Fashion’s E-Commerce Giants
The online fashion platform is gearing up for an IPO with an $85 million funding round and ambitions to become the Spotify of fashion.
Financial Markets
ThredUp Files Confidentially for IPO
The size and price range of the offering have not yet been determined, the company said.
ThredUp Files Confidentially for IPO
The size and price range of the offering have not yet been determined, the company said.
Beauty
Report: The Hut Group Poised to Launch $5.9 Billion London IPO
The deal could be priced by mid-September and is likely to raise around £1 billion through the sale of new and existing shares, according to sources familiar with the matter.
Report: The Hut Group Poised to Launch $5.9 Billion London IPO
The deal could be priced by mid-September and is likely to raise around £1 billion through the sale of new and existing shares, according to sources familiar with the matter.
Retail
ThredUp Plans IPO Early Next Year
The secondhand fashion e-tailer could raise between $200 million and $300 million, people familiar with the matter said.
ThredUp Plans IPO Early Next Year
The secondhand fashion e-tailer could raise between $200 million and $300 million, people familiar with the matter said.
The News in Brief
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.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.