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
Singapore's Reebonz Seeks to Raise Up to $150 Million
Southeast Asia’s largest online luxury retailer is planning to raise as much as $150 million to bolster its marketplace business and fund expansion in China, Japan and South Korea.
Singapore's Reebonz Seeks to Raise Up to $150 Million
Southeast Asia’s largest online luxury retailer is planning to raise as much as $150 million to bolster its marketplace business and fund expansion in China, Japan and South Korea.
Financial Markets
Is Farfetch Edging Towards a $5 Billion IPO?
According to reports, the company is in the process of appointing bankers for a New York listing that could value the company at up to $5 billion.
Is Farfetch Edging Towards a $5 Billion IPO?
According to reports, the company is in the process of appointing bankers for a New York listing that could value the company at up to $5 billion.
Financial Markets
$715 Million Mavi Jeans IPO Could Be Turkey's Largest Since 2013
The deal promises to shake up a moribund market for Turkish IPOs, characterised by years of cancelled or postponed sales and short-lived listings.
$715 Million Mavi Jeans IPO Could Be Turkey's Largest Since 2013
The deal promises to shake up a moribund market for Turkish IPOs, characterised by years of cancelled or postponed sales and short-lived listings.
Financial Markets
Snap's First Earnings To Shed Light on Battle With Facebook, Twitter
Investors in the social media app are eager to avoid one in particular when the company reports its earnings for the first time since its initial public offering: a plunging stock price.
Snap's First Earnings To Shed Light on Battle With Facebook, Twitter
Investors in the social media app are eager to avoid one in particular when the company reports its earnings for the first time since its initial public offering: a plunging stock price.
Technology
Report: Stitch Fix Said to Be Mulling Initial Public Offering
Executives are understood to have held early discussions with bankers about a potential deal, and the board plans to decide in the next month whether to pursue a public offering.
Report: Stitch Fix Said to Be Mulling Initial Public Offering
Executives are understood to have held early discussions with bankers about a potential deal, and the board plans to decide in the next month whether to pursue a public offering.
Financial Markets
Canada Goose Vaults Reiss From Aspiring Writer to Millionaire
Dani Reiss had no intention of running a billion-dollar clothing empire when he joined his dad’s shop making winter parkas 20 years ago.
Canada Goose Vaults Reiss From Aspiring Writer to Millionaire
Dani Reiss had no intention of running a billion-dollar clothing empire when he joined his dad’s shop making winter parkas 20 years ago.
Financial Markets
Report: Valentino Not Expected to List IPO in 2017
In December 2015, the Qatari owners of the fashion house asked Rothschild to involve a number of banks in the listing, but the operation has been regularly postponed.
Report: Valentino Not Expected to List IPO in 2017
In December 2015, the Qatari owners of the fashion house asked Rothschild to involve a number of banks in the listing, but the operation has been regularly postponed.
Financial Markets
Canada Goose Ends Drought of Luxury Goods IPOs
Canada Goose is seeking to raise as much as C$320 million ($237 million) in its IPO, scheduled to price Wednesday after markets close.
Canada Goose Ends Drought of Luxury Goods IPOs
Canada Goose is seeking to raise as much as C$320 million ($237 million) in its IPO, scheduled to price Wednesday after markets close.
Financial Markets
Snap to Price Long-Awaited IPO Amid Signs of Brisk Demand
Snap is targeting a valuation of between $19.5 billion and $22.3 billion, the richest valuation in a US tech IPO since Facebook in 2012.
Snap to Price Long-Awaited IPO Amid Signs of Brisk Demand
Snap is targeting a valuation of between $19.5 billion and $22.3 billion, the richest valuation in a US tech IPO since Facebook in 2012.
News & Analysis
Canada Goose’s Smartest Business Move Was Expanding Beyond Canada
"Last year, the homegrown Canadian label’s biggest market has been the US. Between 2014 and 2016, it increased its US sales more than 200 percent."
Canada Goose’s Smartest Business Move Was Expanding Beyond Canada
"Last year, the homegrown Canadian label’s biggest market has been the US. Between 2014 and 2016, it increased its US sales more than 200 percent."
Financial Markets
Report: Snapchat Files for One of the Biggest Tech IPOs in Years
The company could go public as soon as March and be valued at $20 billion to $25 billion, making it the largest IPO since Alibaba Group Holding Ltd.
Report: Snapchat Files for One of the Biggest Tech IPOs in Years
The company could go public as soon as March and be valued at $20 billion to $25 billion, making it the largest IPO since Alibaba Group Holding Ltd.
Financial Markets
ZTO Express Eyes Largest Chinese Company US IPO Since Alibaba
NEW YORK, United States — Logistics company ZTO Express has set terms for what could be the largest US initial public offering this year and also the
ZTO Express Eyes Largest Chinese Company US IPO Since Alibaba
NEW YORK, United States — Logistics company ZTO Express has set terms for what could be the largest US initial public offering this year and also the
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.