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
Shop.ca Weighs IPO within next Year after Raising Cash
Canadian e-commerce start-up Shop.ca is looking at going public within the next year to take advantage of robust investor appetite for the country's technology sector.
Shop.ca Weighs IPO within next Year after Raising Cash
Canadian e-commerce start-up Shop.ca is looking at going public within the next year to take advantage of robust investor appetite for the country's technology sector.
Technology
Bits & Bytes | Luxury's Digital Destiny, Bloggers, Shopify
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Bits & Bytes | Luxury's Digital Destiny, Bloggers, Shopify
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Technology
Shopify Valued at $1.27 Billion at IPO
Canadian e-commerce software maker Shopify Inc said its U.S. initial public offering was priced at $17 per share, valuing the company at about $1.27 billion.
Shopify Valued at $1.27 Billion at IPO
Canadian e-commerce software maker Shopify Inc said its U.S. initial public offering was priced at $17 per share, valuing the company at about $1.27 billion.
Financial Markets
Rocket Internet Posts 31 Percent Rise in Portfolio Value Since IPO
Rocket Internet reported on Tuesday that the loan portfolio value of its investments has risen by 2.0 billion euros ($2.23 billion) since its initial public offering last October.
Rocket Internet Posts 31 Percent Rise in Portfolio Value Since IPO
Rocket Internet reported on Tuesday that the loan portfolio value of its investments has risen by 2.0 billion euros ($2.23 billion) since its initial public offering last October.
Financial Markets
Handmade Goods Website Etsy Valued at $3.88 Billion in Debut
Shares of Etsy Inc, an online marketplace for handmade goods and craft supplies, more than doubled in their debut on Thursday, valuing the company at about $3.88 billion.
Handmade Goods Website Etsy Valued at $3.88 Billion in Debut
Shares of Etsy Inc, an online marketplace for handmade goods and craft supplies, more than doubled in their debut on Thursday, valuing the company at about $3.88 billion.
Technology
Bits & Bytes | Etsy IPO, Maison MRKT, Spring, Apple Watch
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Bits & Bytes | Etsy IPO, Maison MRKT, Spring, Apple Watch
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Technology
E-commerce Platform Shopify Files to go Public
Shopify, which provides a platform for small- and mid-size businesses that sell products online, plans to go public.
E-commerce Platform Shopify Files to go Public
Shopify, which provides a platform for small- and mid-size businesses that sell products online, plans to go public.
Financial Markets
Etsy IPO Expected to be Priced at $14-$16 Per Share
Etsy Inc, which operates a website that sells handmade goods and craft supplies, said its initial public offering was expected to be priced at $14-$16 per share.
Etsy IPO Expected to be Priced at $14-$16 Per Share
Etsy Inc, which operates a website that sells handmade goods and craft supplies, said its initial public offering was expected to be priced at $14-$16 per share.
Beauty
Procter & Gamble Mulls Sale or IPO of Beauty Brands
Procter & Gamble Co is exploring a sale or initial public offering of some of its beauty brands in a single deal.
Procter & Gamble Mulls Sale or IPO of Beauty Brands
Procter & Gamble Co is exploring a sale or initial public offering of some of its beauty brands in a single deal.
News & Analysis
Etsy Aims to Raise $100m in IPO
"Etsy, the online craft goods marketplace, has filed to go public on Nasdaq, planning to raise at least $100m."
Etsy Aims to Raise $100m in IPO
"Etsy, the online craft goods marketplace, has filed to go public on Nasdaq, planning to raise at least $100m."
Retail
New Look Primed for IPO as Owners Said to Seek New Investors
New Look Group Ltd., Britain’s second- biggest retailer of women’s clothing, said it’s equipped for an initial public offering amid renewed speculation that its private-equity holders are seeking an exit.
New Look Primed for IPO as Owners Said to Seek New Investors
New Look Group Ltd., Britain’s second- biggest retailer of women’s clothing, said it’s equipped for an initial public offering amid renewed speculation that its private-equity holders are seeking an exit.
Financial Markets
To IPO, or Not to IPO
BoF weighs up the pros and cons of going public compared to other options for raising capital to fuel growth.
To IPO, or Not to IPO
BoF weighs up the pros and cons of going public compared to other options for raising capital to fuel growth.
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.