The News In Brief
Neiman Marcus Said To Raise Bond Issuance to $2.2 Billion Amid Strong Investor Demand
The American department store chain is boosting the size of its five-year bond offering by about $200 million after luring investors with 11 percent yield, people with knowledge of the sale told Bloomberg.
Zalando to Buy German E-Commerce Player About You for $1.3 Billion
Berlin-based Zalando said Wednesday it will offer €6.50 per share for rival e-tailer About You, a 67 percent to Tuesday’s closing price.
Inditex’s Sales Grow 9 Percent as Holiday Shopping Begins
The Zara parent company’s sales grew more slowly in the five weeks to Dec. 9 compared to a 14 percent lift a year earlier.
TikTok Shop Begins European Rollout
TikTok’s in-app shopping feature has gone live for users in Spain, marking the first step in an expansion of ByteDance Ltd.’s fastest-growing business across Europe.
Report: Sycamore Partners in Talks to Acquire Walgreens
Sycamore Partners is in talks to acquire struggling drugstore chain Walgreens Boots Alliance Inc., according to people familiar with the matter.
Amazon Pulls Merch Capitalising on UnitedHealthcare CEO Killing
Since the killing of Brian Thompson, T-shirts, hoodies and more bearing the words ‘deny, defend, depose’ have appeared on Amazon, eBay, Etsy and other sites.
Chinese Cosmetics Brand Mao Geping Raises $300 Million in IPO
Shares in the premium cosmetics brand soared as much as 87 percent in a frothy debut on Hong Kong’s stock exchange on Tuesday.
LVMH Extends Its Bet on Luxury Hospitality With Fontenille Deal
LVMH Moët Hennessy Louis Vuitton SE has bought a stake of about 20 percent in Les Domaines de Fontenille, according to a person familiar with the transaction who declined to provide the entity’s value.
Kosé Acquires Thai Beauty Brand Pañpuri
The Bangkok-based brand will join the Japanese conglomerate's portfolio, which includes cosmetics maker Tarte and luxury skincare line Decorté.
Donald Trump Launches $199 Fragrance
Called Fight Fight Fight, the men's and women's fragrances are the latest Trump merch to be launched through an opaque LLC.
Saks Owner Hudson’s Bay Is Selling Junk Bonds for Neiman Deal
Hudson’s Bay Co., the owner of luxury retailer Saks Fifth Avenue Inc., is tapping the junk-bond market to help finance its acquisition of Neiman Marcus Group.
Macy’s New Activist Wants Retailer to Create Real Estate Arm
Barington Capital Group is calling on Macy’s to cut its capital expenditures, form a separate real estate group and consider strategic alternatives for the Bloomingdale’s and Bluemercury chains.