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
China
Report: Shandong Ruyi Resists Lycra Sale in Favour of IPO
The Chinese apparel group is looking to publicly float the textile business following its weak financial performance.
Report: Shandong Ruyi Resists Lycra Sale in Favour of IPO
The Chinese apparel group is looking to publicly float the textile business following its weak financial performance.
Beauty
Report: DTC Wellness Brand Hims Seeks Deal to Go Public
The healthcare brand is exploring the potential deal through a merger with a blank-check acquisition company that could value it at more than $1 billion.
Report: DTC Wellness Brand Hims Seeks Deal to Go Public
The healthcare brand is exploring the potential deal through a merger with a blank-check acquisition company that could value it at more than $1 billion.
Luxury
Report: MyTheresa to List on New York Stock Exchange
The luxury e-commerce platform's owner Neiman Marcus is working with Morgan Stanley on the planned listing, which could take place as early as April, according to people familiar with the matter.
Report: MyTheresa to List on New York Stock Exchange
The luxury e-commerce platform's owner Neiman Marcus is working with Morgan Stanley on the planned listing, which could take place as early as April, according to people familiar with the matter.
Retail
Casper’s IPO Will Be a Moment of Truth for Fashion’s Start-Ups
This week, everyone will be talking about Casper's IPO, the state of New York Fashion Week and Macy's strategy update. Get your BoF Professional Cheat Sheet.
Casper’s IPO Will Be a Moment of Truth for Fashion’s Start-Ups
This week, everyone will be talking about Casper's IPO, the state of New York Fashion Week and Macy's strategy update. Get your BoF Professional Cheat Sheet.
Financial Markets
J.Crew to Push Ahead with Madewell IPO
The struggling retailer is relying on the deal to offset outstanding debts of almost $1.7 billion.
J.Crew to Push Ahead with Madewell IPO
The struggling retailer is relying on the deal to offset outstanding debts of almost $1.7 billion.
Financial Markets
E-Commerce Platform Tokopedia Reportedly Set to Raise up to $1.5 Billion
The Jakarta-based company, backed by SoftBank and Alibaba, is looking to US internet companies and existing investors for a pre-IPO funding round, according to sources.
E-Commerce Platform Tokopedia Reportedly Set to Raise up to $1.5 Billion
The Jakarta-based company, backed by SoftBank and Alibaba, is looking to US internet companies and existing investors for a pre-IPO funding round, according to sources.
Financial Markets
Fast Fashion Retailer C&A May Raise up to $540 Million in Brazil IPO
C&A intends to raise funds to pay down $190 million in intercompany loans and to expand the business.
Fast Fashion Retailer C&A May Raise up to $540 Million in Brazil IPO
C&A intends to raise funds to pay down $190 million in intercompany loans and to expand the business.
Financial Markets
Madewell Files for IPO, Will Split From J.Crew
The IPO could garner a substantial valuation and help pay down a meaningful portion of J. Crew Group Inc.'s over $1.7 billion debt.
Madewell Files for IPO, Will Split From J.Crew
The IPO could garner a substantial valuation and help pay down a meaningful portion of J. Crew Group Inc.'s over $1.7 billion debt.
Financial Markets
Fashion Retailer C&A Files to Begin IPO Process in Brazil
One of the biggest clothing retailers in Brazil, has started procedures for an initial public offering (IPO) on the country's B3 stock exchange.
Fashion Retailer C&A Files to Begin IPO Process in Brazil
One of the biggest clothing retailers in Brazil, has started procedures for an initial public offering (IPO) on the country's B3 stock exchange.
Financial Markets
Topsports to Seek Approval Next Week for $1 Billion IPO
The sportswear retailer is planning to make its Hong Kong stock market debut, seeking to raise around $1 billion.
Topsports to Seek Approval Next Week for $1 Billion IPO
The sportswear retailer is planning to make its Hong Kong stock market debut, seeking to raise around $1 billion.
Financial Markets
Shoemaker Cole Haan Preps for IPO as Athleisure Focus Boosts Sales
The move marks quite a turn for the brand Nike sold for $570 million more than six years ago.
Shoemaker Cole Haan Preps for IPO as Athleisure Focus Boosts Sales
The move marks quite a turn for the brand Nike sold for $570 million more than six years ago.
Financial Markets
J.Crew Taps Banks for IPO of Madewell
Madewell's initial offering will reportedly take place sometime after the US Labour Day holiday in September.
J.Crew Taps Banks for IPO of Madewell
Madewell's initial offering will reportedly take place sometime after the US Labour Day holiday in September.
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.