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
Financial Markets
Showroomprive Raises $280 Million After IPO Priced at Low End
Online retailer Showroomprive and its owners sold shares for 256 million euros ($280 million) in an initial public offering to help fund expansion beyond France.
Showroomprive Raises $280 Million After IPO Priced at Low End
Online retailer Showroomprive and its owners sold shares for 256 million euros ($280 million) in an initial public offering to help fund expansion beyond France.
News & Analysis
Showroomprive Seeks $424 Million in Web Retailer’s Paris IPO
Online retailer Showroomprive is seeking as much as 373 million euros ($424 million) in an initial public offering to expand beyond France amid intensifying competition from rivals such as Vente-Privee.com SA to Amazon.com Inc.
Showroomprive Seeks $424 Million in Web Retailer’s Paris IPO
Online retailer Showroomprive is seeking as much as 373 million euros ($424 million) in an initial public offering to expand beyond France amid intensifying competition from rivals such as Vente-Privee.com SA to Amazon.com Inc.
Financial Markets
Valentino’s Qatari Owner Said to Explore IPO of Designer Company
The Qatari owners of Valentino Fashion Group SpA are exploring options including an initial public offering of the Italian company, according to people with knowledge of the matter.
Valentino’s Qatari Owner Said to Explore IPO of Designer Company
The Qatari owners of Valentino Fashion Group SpA are exploring options including an initial public offering of the Italian company, according to people with knowledge of the matter.
Global Markets
Alibaba’s Rise and Fall: What Comes After the Historic Wipeout?
Alibaba Group Holding Ltd. looked like a sure thing a year ago when it pulled off the largest initial public offering ever. Shares soared 76 percent from the IPO price in just two months. Then it all crumbled.
Alibaba’s Rise and Fall: What Comes After the Historic Wipeout?
Alibaba Group Holding Ltd. looked like a sure thing a year ago when it pulled off the largest initial public offering ever. Shares soared 76 percent from the IPO price in just two months. Then it all crumbled.
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.
Financial Markets
Versace to Award Management Stock as IPO Plan Remains on Track
Gianni Versace SpA will award management about 0.3 percent of the company’s stock when it sells shares in an initial public offering, according to chief executive officer Gian Giacomo Ferraris.
Versace to Award Management Stock as IPO Plan Remains on Track
Gianni Versace SpA will award management about 0.3 percent of the company’s stock when it sells shares in an initial public offering, according to chief executive officer Gian Giacomo Ferraris.
Financial Markets
Alibaba Drop Leaves Stock Pennies Above IPO Price
Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors.
Alibaba Drop Leaves Stock Pennies Above IPO Price
Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors.
Financial Markets
Luxury Retailer Neiman Marcus Files for IPO Valued at $100M
Neiman Marcus Group Inc filed with US regulators on Tuesday for an initial public offering, the second time in two years it has unveiled plans to go public.
Luxury Retailer Neiman Marcus Files for IPO Valued at $100M
Neiman Marcus Group Inc filed with US regulators on Tuesday for an initial public offering, the second time in two years it has unveiled plans to go public.
Financial Markets
Shopify Has Smaller Loss Than Expected in First Post-IPO Results
Shopify Inc. beat analysts’ estimates in its first quarter as a public company as it signed up more users and increased revenue from processing payments.
Shopify Has Smaller Loss Than Expected in First Post-IPO Results
Shopify Inc. beat analysts’ estimates in its first quarter as a public company as it signed up more users and increased revenue from processing payments.
Financial Markets
Rocket Internet Says Portfolio Value up 47 Percent from IPO
Germany's Rocket Internet said the last portfolio value of its stable of e-commerce investments had risen by 2.3 billion euros ($2.5 billion), or 47 percent, by the end of June from its stock flotation nine months ago.
Rocket Internet Says Portfolio Value up 47 Percent from IPO
Germany's Rocket Internet said the last portfolio value of its stable of e-commerce investments had risen by 2.3 billion euros ($2.5 billion), or 47 percent, by the end of June from its stock flotation nine months ago.
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 Real Estate IPO Moves Closer With Deal for Kaufhof
Hudson’s Bay Co.’s acquisition of a 136-year-old German retailer lifts the value of its real estate by 20 percent to C$11 billion ($8.9 billion) and brings it a step closer to unlocking that value in a new initial public offering.
Hudson’s Bay Real Estate IPO Moves Closer With Deal for Kaufhof
Hudson’s Bay Co.’s acquisition of a 136-year-old German retailer lifts the value of its real estate by 20 percent to C$11 billion ($8.9 billion) and brings it a step closer to unlocking that value in a new initial public offering.
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.