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
African E-Commerce Firm Jumia Files for IPO
The New York filing could value the company at $1.6 billion or more.
African E-Commerce Firm Jumia Files for IPO
The New York filing could value the company at $1.6 billion or more.
Financial Markets
Levi Strauss IPO Could Raise as Much as $587 Million
The company expects to offer 36.7 million shares priced between $14 and $16, giving it a market value of about $6.17 billion.
Levi Strauss IPO Could Raise as Much as $587 Million
The company expects to offer 36.7 million shares priced between $14 and $16, giving it a market value of about $6.17 billion.
Beauty
Tencent-Backed Plastic Surgery App SoYoung Files for US IPO
The firm could raise around $300 million in the planned offering, according to sources familiar with the matter.
Tencent-Backed Plastic Surgery App SoYoung Files for US IPO
The firm could raise around $300 million in the planned offering, according to sources familiar with the matter.
Financial Markets
Inside the Levi’s IPO
The company plans to go public amid a resurgence in denim sales and as the 166-year-old brand is finding success among younger customers with fashion collaborations and high-tech customisation options.
Inside the Levi’s IPO
The company plans to go public amid a resurgence in denim sales and as the 166-year-old brand is finding success among younger customers with fashion collaborations and high-tech customisation options.
Financial Markets
Levi Strauss Files for IPO
The 145-year old jeans company is seeking to return to the public markets after more than three decades.
Levi Strauss Files for IPO
The 145-year old jeans company is seeking to return to the public markets after more than three decades.
Financial Markets
The RealReal in Talks with Banks for IPO
The company, valued at $745 million, has sent out a request for proposals to prospective advisors and underwriters to manage the listing this year.
The RealReal in Talks with Banks for IPO
The company, valued at $745 million, has sent out a request for proposals to prospective advisors and underwriters to manage the listing this year.
Financial Markets
VF Corp Names Its Denim Spinoff
Instead of naming the planned publicly traded company after one of its iconic American brands, like Lee or Wrangler, the apparel maker will call the spinoff Kontoor Brands Inc.
VF Corp Names Its Denim Spinoff
Instead of naming the planned publicly traded company after one of its iconic American brands, like Lee or Wrangler, the apparel maker will call the spinoff Kontoor Brands Inc.
Financial Markets
Farfetch Sales Jump in First Results Since IPO
Sales on the online marketplace rose 53 percent to $310 million in the third quarter, outpacing overall luxury spending. The company credits the addition of new brands and strong growth in key emerging markets, including China, Mexico and the Middle East.
Farfetch Sales Jump in First Results Since IPO
Sales on the online marketplace rose 53 percent to $310 million in the third quarter, outpacing overall luxury spending. The company credits the addition of new brands and strong growth in key emerging markets, including China, Mexico and the Middle East.
Financial Markets
Farfetch Gets Analyst Praise in Initiations
Wells Fargo, UBS and Deutsche Bank are among the firms that issued a buy rating on the company.
Farfetch Gets Analyst Praise in Initiations
Wells Fargo, UBS and Deutsche Bank are among the firms that issued a buy rating on the company.
Technology
Farfetch Dips Below IPO Price
Almost one month after its blockbuster IPO, the fashion unicorn dropped below its debut price of $20 per share in intraday trading.
Farfetch Dips Below IPO Price
Almost one month after its blockbuster IPO, the fashion unicorn dropped below its debut price of $20 per share in intraday trading.
News & Analysis
The Word 'Influencer' Appears 79 Times in Revolve’s IPO Filing
"Influencers are one of the underpinnings of Revolve’s growing sales of clothes to young women."
The Word 'Influencer' Appears 79 Times in Revolve’s IPO Filing
"Influencers are one of the underpinnings of Revolve’s growing sales of clothes to young women."
Financial Markets
José Neves Nets $1.2 Billion in Farfetch IPO
The luxury online marketplace priced its shares above its targeted range on Friday in a New York flotation that values the company at over $5.8 billion.
José Neves Nets $1.2 Billion in Farfetch IPO
The luxury online marketplace priced its shares above its targeted range on Friday in a New York flotation that values the company at over $5.8 billion.
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.