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
Global Fashion Group Shares Fall After Stock Market Debut
Investor demand fell short of the e-commerce group's expectations, with share sales only raising half of the target amount.
Global Fashion Group Shares Fall After Stock Market Debut
Investor demand fell short of the e-commerce group's expectations, with share sales only raising half of the target amount.
Financial Markets
Global Fashion Group IPO Mostly Backed by Existing Shareholders
Facing low investor demand, the e-commerce fashion group cut its initial share price from up to €8 to €4.50.
Global Fashion Group IPO Mostly Backed by Existing Shareholders
Facing low investor demand, the e-commerce fashion group cut its initial share price from up to €8 to €4.50.
Financial Markets
Belle International Files for Hong Kong IPO to Raise $1 Billion
The footwear company plans to make a stock market debut with the largest Chinese sportswear retailer, Topsports.
Belle International Files for Hong Kong IPO to Raise $1 Billion
The footwear company plans to make a stock market debut with the largest Chinese sportswear retailer, Topsports.
Financial Markets
Global Fashion Group Lowers IPO Offer Price
Following its postponed listing date, the Asia and Latin America-focused fashion e-tailer reduced its share price to €4.50.
Global Fashion Group Lowers IPO Offer Price
Following its postponed listing date, the Asia and Latin America-focused fashion e-tailer reduced its share price to €4.50.
Financial Markets
Alibaba Proposes 1:8 Stock Split Ahead of Hong Kong Listing
The e-commerce giant's IPO in Hong Kong later this year is expected to raise up to $20 billion.
Alibaba Proposes 1:8 Stock Split Ahead of Hong Kong Listing
The e-commerce giant's IPO in Hong Kong later this year is expected to raise up to $20 billion.
Financial Markets
Report: Alibaba Files for a Hong Kong Mega-Listing
The online emporium filed a stock listing application this week, without the need for financial disclosures, according to people familiar with the matter.
Report: Alibaba Files for a Hong Kong Mega-Listing
The online emporium filed a stock listing application this week, without the need for financial disclosures, according to people familiar with the matter.
Financial Markets
Report: Alibaba Choosing CICC, Credit Suisse to Lead Hong Kong IPO
The online retailer is in discussions with other investment banks seeking a role on the offering, according to people familiar to the matter.
Report: Alibaba Choosing CICC, Credit Suisse to Lead Hong Kong IPO
The online retailer is in discussions with other investment banks seeking a role on the offering, according to people familiar to the matter.
Financial Markets
Revolve Raises $212 Million in IPO
Three other e-commerce companies have gone public in the US this year, raising a combined $471 million.
Revolve Raises $212 Million in IPO
Three other e-commerce companies have gone public in the US this year, raising a combined $471 million.
Financial Markets
Inside The RealReal’s Plan to Dominate the Secondhand Luxury Market
The company’s IPO filing reveals its big ambitions - and hints at how expensive it will be to reach those goals.
Inside The RealReal’s Plan to Dominate the Secondhand Luxury Market
The company’s IPO filing reveals its big ambitions - and hints at how expensive it will be to reach those goals.
Financial Markets
Emerging Markets Retailer GFG Prepares for IPO
The online retail group, valued at €1 billion with 11.2 million active customers, has announced its plans for its listing in Frankfurt.
Emerging Markets Retailer GFG Prepares for IPO
The online retail group, valued at €1 billion with 11.2 million active customers, has announced its plans for its listing in Frankfurt.
News & Analysis
Luxury Online Reseller The RealReal Files for IPO
"The company intends to list on the Nasdaq under the symbol “REAL”, a filing with the U.S. Securities and Exchange Commission showed."
Luxury Online Reseller The RealReal Files for IPO
"The company intends to list on the Nasdaq under the symbol “REAL”, a filing with the U.S. Securities and Exchange Commission showed."
Financial Markets
Topshop's Stunning Collapse Proves No Retailer Is Too Big to Fail
This week everyone will be talking about whether creditors will approve a rescue plan for Topshop parent Arcadia, Revolve's initial public offering and new men's collections from Saint Laurent and Prada. Read our BoF Professional Cheat Sheet.
Topshop's Stunning Collapse Proves No Retailer Is Too Big to Fail
This week everyone will be talking about whether creditors will approve a rescue plan for Topshop parent Arcadia, Revolve's initial public offering and new men's collections from Saint Laurent and Prada. Read our BoF Professional Cheat Sheet.
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.