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
Report: Alibaba Weighs Raising $20 Billion Through Second Listing
The e-commerce giant, which is currently listed on the New York Stock Exchange, is working with financial advisers on the planned offering in Hong Kong, according to sources familiar with the matter.
Report: Alibaba Weighs Raising $20 Billion Through Second Listing
The e-commerce giant, which is currently listed on the New York Stock Exchange, is working with financial advisers on the planned offering in Hong Kong, according to sources familiar with the matter.
Financial Markets
Watches of Switzerland Considers London IPO
With revenues of £746 million, the IPO could value the company at up to £1 billion.
Watches of Switzerland Considers London IPO
With revenues of £746 million, the IPO could value the company at up to £1 billion.
Financial Markets
Alibaba Pays $250 Million to Settle Counterfeiting Warning Lawsuit
The lawsuit accused the e-commerce giant of concealing a regulatory warning about its ability to stop counterfeiting two months before its $25 billion IPO in 2014.
Alibaba Pays $250 Million to Settle Counterfeiting Warning Lawsuit
The lawsuit accused the e-commerce giant of concealing a regulatory warning about its ability to stop counterfeiting two months before its $25 billion IPO in 2014.
Fashion Week
The Week Ahead: Chanel Begins to Chart a Post-Lagerfeld Future
This week, everyone will be talking about Chanel's resort show in Paris, how Adidas plans to extend the Yeezy craze and the latest denim spinoff. Read our BoF Professional Cheat Sheet.
The Week Ahead: Chanel Begins to Chart a Post-Lagerfeld Future
This week, everyone will be talking about Chanel's resort show in Paris, how Adidas plans to extend the Yeezy craze and the latest denim spinoff. Read our BoF Professional Cheat Sheet.
Marketing
Pinterest IPO Raises $1.4 Billion as It Shuns Social-Media Tag
Chief executive Ben Silbermann likes to project a more virtuous, less competitive vision of Pinterest, but investors will still be scrutinising its advertising model.
Pinterest IPO Raises $1.4 Billion as It Shuns Social-Media Tag
Chief executive Ben Silbermann likes to project a more virtuous, less competitive vision of Pinterest, but investors will still be scrutinising its advertising model.
Financial Markets
Klarna CEO Discusses Possible Future IPO
The tech unicorn was valued at more than $2 billion when fashion chain H&M bought a stake in it last year.
Klarna CEO Discusses Possible Future IPO
The tech unicorn was valued at more than $2 billion when fashion chain H&M bought a stake in it last year.
Financial Markets
Levi Strauss Stock Jumps as Earnings Growth Impresses
The company's first earnings report since IPO last month sent stock up 7 percent to over $23 a piece, nearly a record high.
Levi Strauss Stock Jumps as Earnings Growth Impresses
The company's first earnings report since IPO last month sent stock up 7 percent to over $23 a piece, nearly a record high.
Financial Markets
Start-Up School | Chapter 7: Plan Your Exit Strategy
Exiting a business is one of the toughest decisions an entrepreneur will make. It’s a big chance to reap the financial rewards from years of hard work and to ensure the company they have nurtured from the start ends up in good hands.
Start-Up School | Chapter 7: Plan Your Exit Strategy
Exiting a business is one of the toughest decisions an entrepreneur will make. It’s a big chance to reap the financial rewards from years of hard work and to ensure the company they have nurtured from the start ends up in good hands.
Financial Markets
Pinterest Seeks up to $1.28 Billion in IPO
In its last private funding round in 2017, the digital scrapbook raised $150 million for a total valuation of about $12.3 billion.
Pinterest Seeks up to $1.28 Billion in IPO
In its last private funding round in 2017, the digital scrapbook raised $150 million for a total valuation of about $12.3 billion.
Financial Markets
Why Levi's Is Worth $8 Billion
With a market capitalisation of $8 billion, the original blue jean maker plans to open new stores, develop fabric technology, offer more points of customisation for customers and improve its e-commerce experience.
Why Levi's Is Worth $8 Billion
With a market capitalisation of $8 billion, the original blue jean maker plans to open new stores, develop fabric technology, offer more points of customisation for customers and improve its e-commerce experience.
Financial Markets
Levi Strauss Shares Surge 31 Percent in Return to Stock Market
The 165-year-old company's return to the public market comes at a time when stocks are near all-time highs and the popularity of denim is surging.
Levi Strauss Shares Surge 31 Percent in Return to Stock Market
The 165-year-old company's return to the public market comes at a time when stocks are near all-time highs and the popularity of denim is surging.
Financial Markets
Levi Strauss Valued at $6.6 Billion as IPO Tops Target
Set to debut on the NYSE Thursday, Levi's sold $623.3 million in shares in its IPO with shares priced at $17, above the target range of $14 to $16.
Levi Strauss Valued at $6.6 Billion as IPO Tops Target
Set to debut on the NYSE Thursday, Levi's sold $623.3 million in shares in its IPO with shares priced at $17, above the target range of $14 to $16.
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.