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
Retail
Russian Web Retailer Ulmart Aims to Raise $1bn IPO
Ulmart, Russia’s largest online retailer, plans to sell $1 billion of shares in an initial public offering next year to fund expansion in the country’s e-commerce market.
Russian Web Retailer Ulmart Aims to Raise $1bn IPO
Ulmart, Russia’s largest online retailer, plans to sell $1 billion of shares in an initial public offering next year to fund expansion in the country’s e-commerce market.
Technology
Bits & Bytes | Nasty Gal, Menswear, Wearables, Etsy
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Bits & Bytes | Nasty Gal, Menswear, Wearables, Etsy
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Financial Markets
Alibaba Falls Below $100 in Post-Holiday Slump
Alibaba Group Holding Ltd., China’s biggest e-commerce company, fell for a fourth day in New York, extending a retreat from its November high as the peak shopping season ended and investors await quarterly results expected next month.
Alibaba Falls Below $100 in Post-Holiday Slump
Alibaba Group Holding Ltd., China’s biggest e-commerce company, fell for a fourth day in New York, extending a retreat from its November high as the peak shopping season ended and investors await quarterly results expected next month.
Global Markets
Online Marketplace Etsy Said to Target U.S. IPO
Etsy Inc., the global marketplace for handmade and vintage goods is planning an initial public offering that could take place as soon as this quarter.
Online Marketplace Etsy Said to Target U.S. IPO
Etsy Inc., the global marketplace for handmade and vintage goods is planning an initial public offering that could take place as soon as this quarter.
Financial Markets
Zalando Regains IPO Price as Online Retailer Nears Profitability
Zalando SE traded above its initial public offering price for the first time since last month’s stock market debut after Europe’s largest online fashion retailer forecast it will end the year “slightly profitable.”
Zalando Regains IPO Price as Online Retailer Nears Profitability
Zalando SE traded above its initial public offering price for the first time since last month’s stock market debut after Europe’s largest online fashion retailer forecast it will end the year “slightly profitable.”
Financial Markets
Net-a-Porter Owner Said to Consider 2015 IPO
Cie. Financiere Richemont SA is considering an initial public offering of online retailer Net-a-Porter as soon as next year, people with knowledge of the situation said.
Net-a-Porter Owner Said to Consider 2015 IPO
Cie. Financiere Richemont SA is considering an initial public offering of online retailer Net-a-Porter as soon as next year, people with knowledge of the situation said.
Financial Markets
Rocket Internet IPO Propped Up By Underwriting Bank
Proceeds from the listing of Rocket Internet shares were lowered to around 1.4 billion euros ($1.75 bln), from an initially targeted 1.6 billion euros, regulatory filings to the Frankfurt Stock Exchange late on Friday show.
Rocket Internet IPO Propped Up By Underwriting Bank
Proceeds from the listing of Rocket Internet shares were lowered to around 1.4 billion euros ($1.75 bln), from an initially targeted 1.6 billion euros, regulatory filings to the Frankfurt Stock Exchange late on Friday show.
Financial Markets
Remo Ruffini, Chairman and Chief Executive Officer, Moncler
PARIS, France — In the week prior to my meeting with Remo Ruffini, the enigmatic chief executive of Moncler, his company's stock price dropped by
Remo Ruffini, Chairman and Chief Executive Officer, Moncler
PARIS, France — In the week prior to my meeting with Remo Ruffini, the enigmatic chief executive of Moncler, his company's stock price dropped by
Global Markets
As IPO Markets Stumble, Private Equity Buyers Prepare to Swoop
LONDON, United Kingdom — Across Europe, companies hoping to list are having their plans dashed by plunging equity prices. But what's bad for public
As IPO Markets Stumble, Private Equity Buyers Prepare to Swoop
LONDON, United Kingdom — Across Europe, companies hoping to list are having their plans dashed by plunging equity prices. But what's bad for public
Global Markets
Rocket Shares Fall After Germany’s Biggest IPO Since 2007
BERLIN, Germany — Rocket Internet AG, the German company known for replicating businesses from Groupon Inc. to Airbnb Inc., fell on its first day of
Rocket Shares Fall After Germany’s Biggest IPO Since 2007
BERLIN, Germany — Rocket Internet AG, the German company known for replicating businesses from Groupon Inc. to Airbnb Inc., fell on its first day of
Global Markets
Zalando Shares Surge in Online Fashion Retailer’s Trading Debut
FRANKFURT, Germany — Zalando SE surged as much as 14 percent on its trading debut in Frankfurt, as Europe's largest online fashion retailer kicked
Zalando Shares Surge in Online Fashion Retailer’s Trading Debut
FRANKFURT, Germany — Zalando SE surged as much as 14 percent on its trading debut in Frankfurt, as Europe's largest online fashion retailer kicked
Financial Markets
Jimmy Choo to Begin London IPO Next Month
Jimmy Choo Ltd. will begin an initial public offering in London next month after owner JAB Holdings approved plans to sell a stake in the maker of $1,995 Lust peep-toe sandals.
Jimmy Choo to Begin London IPO Next Month
Jimmy Choo Ltd. will begin an initial public offering in London next month after owner JAB Holdings approved plans to sell a stake in the maker of $1,995 Lust peep-toe sandals.
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.