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.
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News & Analysis
Nordstrom's Attempt to Go Private Has Stalled Over Financing, Sources Say
"The Nordstrom family is working with private equity firm Leonard Green to provide equity financing on the deal, but it will need bank support for
Nordstrom's Attempt to Go Private Has Stalled Over Financing, Sources Say
"The Nordstrom family is working with private equity firm Leonard Green to provide equity financing on the deal, but it will need bank support for
Financial Markets
J. Crew Said to Be Talking With Banks About IPO Later This Year
NEW YORK, United States — J. Crew Group Inc., the retailer owned by TPG Capital and Leonard Green & Partners LP, is interviewing banks as it weighs
J. Crew Said to Be Talking With Banks About IPO Later This Year
NEW YORK, United States — J. Crew Group Inc., the retailer owned by TPG Capital and Leonard Green & Partners LP, is interviewing banks as it weighs
News & Analysis
Market Pulse | Cashing In
Uncertain expectations over Christmas trading amidst mixed retail signals led many institutional investors to take their profit before closing their books at year-end. Meanwhile, the travel retail channel continues to surge and M&A activity remains buoyant, reports Pierre Mallevays of Savigny Partners.
Market Pulse | Cashing In
Uncertain expectations over Christmas trading amidst mixed retail signals led many institutional investors to take their profit before closing their books at year-end. Meanwhile, the travel retail channel continues to surge and M&A activity remains buoyant, reports Pierre Mallevays of Savigny Partners.
News & Analysis
Lucky Brand Jeans Sold for $225 Million to Leonard Green
NEW YORK, United States — Fifth & Pacific Cos. agreed to sell its Lucky Brand Jeans division to private-equity firm Leonard Green & Partners LP for
Lucky Brand Jeans Sold for $225 Million to Leonard Green
NEW YORK, United States — Fifth & Pacific Cos. agreed to sell its Lucky Brand Jeans division to private-equity firm Leonard Green & Partners LP for
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News & Analysis
IPO Likely Neiman Marcus Option as Underwriters Chosen
DALLAS, United States — Neiman Marcus has appointed a syndicate of banks for a possible initial public offering, two people familiar with the matter
IPO Likely Neiman Marcus Option as Underwriters Chosen
DALLAS, United States — Neiman Marcus has appointed a syndicate of banks for a possible initial public offering, two people familiar with the matter
News & Analysis
J.Crew’s $3b buyout, Haves and have-nots, Lagerfeld for Macy’s, Guess beats expectations, Miyake’s magic
J.Crew agrees to $3bn takeover (FT) "J.Crew, the US retailer with a preppy style, has agreed to be acquired by TPG Capital and Leonard Green &
J.Crew’s $3b buyout, Haves and have-nots, Lagerfeld for Macy’s, Guess beats expectations, Miyake’s magic
J.Crew agrees to $3bn takeover (FT) "J.Crew, the US retailer with a preppy style, has agreed to be acquired by TPG Capital and Leonard Green &
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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.