Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
investing
Financial Markets
Samwer Brothers Sell 3.8 Percent Stake in Zalando
Based on Wednesday's closing price, the stake Global Founders GmbH — the investment vehicle of German start-up investors Oliver, Marc and Alexander Samwer — has sold is worth €391 million.
Samwer Brothers Sell 3.8 Percent Stake in Zalando
Based on Wednesday's closing price, the stake Global Founders GmbH — the investment vehicle of German start-up investors Oliver, Marc and Alexander Samwer — has sold is worth €391 million.
Financial Markets
Dubai's Emaar Buys 51 Percent Stake in E-Commerce Site Namshi
Emaar Malls said it will buy a 51 percent stake in fashion website Namshi from Germany's Rocket Internet for $151 million as competition for technology deals heats up in the Middle East.
Dubai's Emaar Buys 51 Percent Stake in E-Commerce Site Namshi
Emaar Malls said it will buy a 51 percent stake in fashion website Namshi from Germany's Rocket Internet for $151 million as competition for technology deals heats up in the Middle East.
Financial Markets
H&M Chairman Buys Up More Shares as Prices Fall
As shares of Hennes & Mauritz fall, its chairman Stefan Persson has bought an additional 20.6 million shares in the company, raising his combined investment to 39.7 percent.
H&M Chairman Buys Up More Shares as Prices Fall
As shares of Hennes & Mauritz fall, its chairman Stefan Persson has bought an additional 20.6 million shares in the company, raising his combined investment to 39.7 percent.
Financial Markets
Flipkart Deal With Snapdeal Said to Need Further Investor Approvals
Several important investors have yet to sign on to the deal, which could create a stronger local competitor to battle Amazon in India's e-commerce market.
Flipkart Deal With Snapdeal Said to Need Further Investor Approvals
Several important investors have yet to sign on to the deal, which could create a stronger local competitor to battle Amazon in India's e-commerce market.
Financial Markets
Miroslava Duma Launches Fashion Tech Lab with $50 Million to Invest
The founder of Buro 24/7 is setting up a hybrid venture that is part investment fund, accelerator and experimental laboratory to commercialise new technologies and sustainable innovation for the fashion industry.
Miroslava Duma Launches Fashion Tech Lab with $50 Million to Invest
The founder of Buro 24/7 is setting up a hybrid venture that is part investment fund, accelerator and experimental laboratory to commercialise new technologies and sustainable innovation for the fashion industry.
Financial Markets
Matthew Moneypenny Exits Great Bowery
BoF has learned that the chief executive is departing the super-agency he founded in 2014 after disagreements with its investor, the asset management firm Waddell & Reed.
Matthew Moneypenny Exits Great Bowery
BoF has learned that the chief executive is departing the super-agency he founded in 2014 after disagreements with its investor, the asset management firm Waddell & Reed.
Financial Markets
Op-Ed | Breitling's Deal Hits on a Stretch of Good Timing
The Swiss watchmaker's family owners have done well to get a deal at all. At least by keeping a 20 percent stake, they won't be shut out from all the upside.
Op-Ed | Breitling's Deal Hits on a Stretch of Good Timing
The Swiss watchmaker's family owners have done well to get a deal at all. At least by keeping a 20 percent stake, they won't be shut out from all the upside.
Financial Markets
Qatar Wealth Fund to Open Office in Silicon Valley
The fund is one of the most active sovereign investors in the world, snapping up stakes in everything from real estate to luxury goods.
Qatar Wealth Fund to Open Office in Silicon Valley
The fund is one of the most active sovereign investors in the world, snapping up stakes in everything from real estate to luxury goods.
Financial Markets
Google Searches Seen as Luxury Investors' Must-Have Tool in Fashion
Google searches are the new essential tool for luxury investors looking to decipher what's beyond the latest line of Prada purses and Birkin bags.
Google Searches Seen as Luxury Investors' Must-Have Tool in Fashion
Google searches are the new essential tool for luxury investors looking to decipher what's beyond the latest line of Prada purses and Birkin bags.
Financial Markets
Report: Jack Ma to Launch Alibaba Distribution Hub in Malaysia
The hub would be sited within a 24,700-acre development led by airport operator Malaysia Airports Holdings that is expected to generate more than $1.58 billion worth of domestic and foreign investments.
Report: Jack Ma to Launch Alibaba Distribution Hub in Malaysia
The hub would be sited within a 24,700-acre development led by airport operator Malaysia Airports Holdings that is expected to generate more than $1.58 billion worth of domestic and foreign investments.
Financial Markets
Burberry Surges as Belgian Investor Albert Frere Buys 3 Pct Stake
The shares were up as much as 5.9 percent in London on Tuesday afternoon, to the highest since May 2015.
Burberry Surges as Belgian Investor Albert Frere Buys 3 Pct Stake
The shares were up as much as 5.9 percent in London on Tuesday afternoon, to the highest since May 2015.
Financial Markets
Retail's Creditors Left Grasping as Brands Are Put Out of Reach
Lenders count on the drawing power instantly recognisable names like J. Crew and Claire's, the “intellectual property,” to provide some value in case a company goes bust.
Retail's Creditors Left Grasping as Brands Are Put Out of Reach
Lenders count on the drawing power instantly recognisable names like J. Crew and Claire's, the “intellectual property,” to provide some value in case a company goes bust.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.