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
Technology
Farfetch Surpasses $8 Billion Valuation in Early Trading
Farfetch is getting a warm reception on Wall Street, where its shares shot up more than 42 percent on Friday morning.
Farfetch Surpasses $8 Billion Valuation in Early Trading
Farfetch is getting a warm reception on Wall Street, where its shares shot up more than 42 percent on Friday morning.
Global Markets
Ahead of IPO, Farfetch Pushes Into Modest Dressing
The London-based marketplace is entering a global partnership with modest luxury retailer The Modist.
Ahead of IPO, Farfetch Pushes Into Modest Dressing
The London-based marketplace is entering a global partnership with modest luxury retailer The Modist.
Technology
Bits & Bytes | Farfetch Files for IPO, Walmart Bets on VR
This week, Farfetch registered to take the company public, while Walmart has applied for two US patents that signal towards a VR strategy in retail.
Bits & Bytes | Farfetch Files for IPO, Walmart Bets on VR
This week, Farfetch registered to take the company public, while Walmart has applied for two US patents that signal towards a VR strategy in retail.
Financial Markets
Farfetch Files for IPO, Testing Investors' Appetite for Luxury
Farfetch's soaring sales could make for one of the fashion world's biggest public listings in years, though the London-based marketplace has yet to show it can sell luxury apparel online and turn a profit.
Farfetch Files for IPO, Testing Investors' Appetite for Luxury
Farfetch's soaring sales could make for one of the fashion world's biggest public listings in years, though the London-based marketplace has yet to show it can sell luxury apparel online and turn a profit.
Financial Markets
Flipkart Investors Could Force Walmart to Take Company Public
Walmart could be forced to publicly list the Indian e-commerce company within four years at the request of a small minority of Flipkart shareholders, a public filing shows.
Flipkart Investors Could Force Walmart to Take Company Public
Walmart could be forced to publicly list the Indian e-commerce company within four years at the request of a small minority of Flipkart shareholders, a public filing shows.
Beauty
Marc Anthony Cosmetics Is Said to Hire Advisers for Canadian IPO
The celebrity hair stylist's cosmetics company is planning to raise as much as C$250 million ($196 million), people familiar with the matter say.
Marc Anthony Cosmetics Is Said to Hire Advisers for Canadian IPO
The celebrity hair stylist's cosmetics company is planning to raise as much as C$250 million ($196 million), people familiar with the matter say.
Financial Markets
Valentino Says No Plan for IPO
The Italian fashion house has confirmed there are no plans to list the company, after rumours of an IPO planned for late 2018.
Valentino Says No Plan for IPO
The Italian fashion house has confirmed there are no plans to list the company, after rumours of an IPO planned for late 2018.
Financial Markets
Chinese Fashion E-Commerce Firm Meili Seeks $500 Million in IPO
The Chinese e-commerce platform is seeking an initial public offering in New York for the second half of this year, according to sources.
Chinese Fashion E-Commerce Firm Meili Seeks $500 Million in IPO
The Chinese e-commerce platform is seeking an initial public offering in New York for the second half of this year, according to sources.
Financial Markets
Alibaba Eyes China Listing
The e-commerce giant is planning a mainland listing that could come as early as the middle of this year as China seeks to lure home its offshore-listed tech giants.
Alibaba Eyes China Listing
The e-commerce giant is planning a mainland listing that could come as early as the middle of this year as China seeks to lure home its offshore-listed tech giants.
Financial Markets
Second-Hand Luxury Propels Japanese Pawn-Shop Startup to IPO
Nikko Securities is underwriting SOU Inc's IPO, which values the company dedicated to buying up second-hand luxury goods at 19.9 billion yen ($188.4 million).
Second-Hand Luxury Propels Japanese Pawn-Shop Startup to IPO
Nikko Securities is underwriting SOU Inc's IPO, which values the company dedicated to buying up second-hand luxury goods at 19.9 billion yen ($188.4 million).
Financial Markets
Apax-backed Takko Considering Stock Market Float
Apax Partners has had to repeatedly inject equity into the discount fashion chain after its bid to sell more expensive clothes failed.
Apax-backed Takko Considering Stock Market Float
Apax Partners has had to repeatedly inject equity into the discount fashion chain after its bid to sell more expensive clothes failed.
Financial Markets
L Catterton-Backed Brand GXG Plans $300 Million IPO
The Chinese men’s fashion retailer is preparing to go public as soon as this year, according to sources.
L Catterton-Backed Brand GXG Plans $300 Million IPO
The Chinese men’s fashion retailer is preparing to go public as soon as this year, according to sources.
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.