Thom Bettridge to Step Down as I-D Editor in Chief
Global editorial director Steff Yotka will succeed Bettridge, who is leaving to focus on his creative studio Content World.
investment
Direct-to-Consumer
Why Some DTC Brands Are Raising Debt, Not Venture Capital
In a conservative investment environment, the few start-ups that can access traditional venture capital are opting to take out loans, and battle higher interest rates, to fund business essentials like marketing and inventory.
Why Some DTC Brands Are Raising Debt, Not Venture Capital
In a conservative investment environment, the few start-ups that can access traditional venture capital are opting to take out loans, and battle higher interest rates, to fund business essentials like marketing and inventory.
Retail
Why Shein Keeps Buying Its Rivals
The ultra-fast fashion giant’s latest acquisition of Missguided and a partnership with Forever 21 will grant it access to new customers and distribution channels.
Why Shein Keeps Buying Its Rivals
The ultra-fast fashion giant’s latest acquisition of Missguided and a partnership with Forever 21 will grant it access to new customers and distribution channels.
Sustainability
Inditex Places Order for Recycled Fibres Amid Industry Effort to Quell Market Jitters
The Zara-owner will buy 2,000 tonnes of fibre made using raw materials from Renewcell, sending a signal of support after a weak sales update sent the Swedish recycler’s share price plunging this month.
Inditex Places Order for Recycled Fibres Amid Industry Effort to Quell Market Jitters
The Zara-owner will buy 2,000 tonnes of fibre made using raw materials from Renewcell, sending a signal of support after a weak sales update sent the Swedish recycler’s share price plunging this month.
Retail
Timberland Owner VF Corp Facing Second Activist Push by Legion
VF Corp. is being targeted by activist investor Legion Partners Asset Management after another firm pushing for changes unveiled a position this month in the owner of The North Face and Vans apparel brands, according to people with knowledge with the matter.
Timberland Owner VF Corp Facing Second Activist Push by Legion
VF Corp. is being targeted by activist investor Legion Partners Asset Management after another firm pushing for changes unveiled a position this month in the owner of The North Face and Vans apparel brands, according to people with knowledge with the matter.
Retail
Peer-to-Peer Fashion Rental Player Pickle Raises $8 Million
The company is one of a handful trying to make fashion rental work through a model that doesn’t entail buying and managing inventory itself.
Peer-to-Peer Fashion Rental Player Pickle Raises $8 Million
The company is one of a handful trying to make fashion rental work through a model that doesn’t entail buying and managing inventory itself.
Global Markets
UAE’s ADIA to Buy Stake in Ambani’s Retail Unit for $597 Million
Abu Dhabi Investment Authority agreed to buy an additional stake in Indian billionaire Mukesh Ambani’s rapidly expanding retail unit for 49.7 billion rupees ($597 million).
UAE’s ADIA to Buy Stake in Ambani’s Retail Unit for $597 Million
Abu Dhabi Investment Authority agreed to buy an additional stake in Indian billionaire Mukesh Ambani’s rapidly expanding retail unit for 49.7 billion rupees ($597 million).
Retail
Sycamore to Take Apparel Retailer Chico’s FAS Private for Nearly $1 Billion
Chico’s FAS will be taken private by Sycamore Partners for $938.1 million in an all-cash deal, the apparel retailer said on Thursday, sending its shares surging 63 percent in premarket trading.
Sycamore to Take Apparel Retailer Chico’s FAS Private for Nearly $1 Billion
Chico’s FAS will be taken private by Sycamore Partners for $938.1 million in an all-cash deal, the apparel retailer said on Thursday, sending its shares surging 63 percent in premarket trading.
Technology
Alibaba’s Logistics Arm Files for $1 Billion-Plus IPO
Cainiao Smart Logistics Network Ltd., the logistics arm of Alibaba Group Holding Ltd., has filed for its Hong Kong initial public offering, potentially making it among the first of the Chinese e-commerce leader’s units to go public.
Alibaba’s Logistics Arm Files for $1 Billion-Plus IPO
Cainiao Smart Logistics Network Ltd., the logistics arm of Alibaba Group Holding Ltd., has filed for its Hong Kong initial public offering, potentially making it among the first of the Chinese e-commerce leader’s units to go public.
Beauty
Spanish Cosmetics Group Puig Hires Goldman Sachs, JPMorgan for IPO
Spanish cosmetics group Puig has hired investment banks Goldman Sachs and JPMorgan as advisers for a possible stock market listing, a source close to the matter told Reuters.
Spanish Cosmetics Group Puig Hires Goldman Sachs, JPMorgan for IPO
Spanish cosmetics group Puig has hired investment banks Goldman Sachs and JPMorgan as advisers for a possible stock market listing, a source close to the matter told Reuters.
Retail
Birkenstock Files for US IPO
The company will trade on the New York Stock Exchange under the symbol BIRK.
Birkenstock Files for US IPO
The company will trade on the New York Stock Exchange under the symbol BIRK.
Retail
KKR Raises Stake in Indian Billionaire Ambani’s Reliance Retail With $250 Million
KKR & Co. Inc. has increased its stake in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures by investing an additional $250 million at a valuation of $100 billion, adding to its bet on the country’s biggest retailer.
KKR Raises Stake in Indian Billionaire Ambani’s Reliance Retail With $250 Million
KKR & Co. Inc. has increased its stake in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures by investing an additional $250 million at a valuation of $100 billion, adding to its bet on the country’s biggest retailer.
Retail
Indian Billionaire Ambani’s Reliance Retail in Talks to Raise $2.5 Billion
The target fundraise of $2.5 billion is part of a combined $3.5 billion target the firm has set for itself, a part of which — $1 billion — came from Qatar Investment Authority (QIA) and was announced last month.
Indian Billionaire Ambani’s Reliance Retail in Talks to Raise $2.5 Billion
The target fundraise of $2.5 billion is part of a combined $3.5 billion target the firm has set for itself, a part of which — $1 billion — came from Qatar Investment Authority (QIA) and was announced last month.
The News in Brief
Under Armour Forecasts Steeper Annual Sales Decline
The athletic apparel maker is struggling with weak consumer demand amid macroeconomic uncertainty in its key North American market.
Skims to Enter India Through Partnership With Reliance Brands
The luxury arm of Reliance Retail will operate the Skims brand across physical and digital channels, beginning with Delhi and Mumbai.
Vogue World 2027 Will Be Held in San Francisco
The sixth edition of the annual runway spectacle will return to the US after this year's outing in Milan.
Capri Cuts Revenue Outlook as Iran War Hits Michael Kors Sales
Congestion at ports in Asia combined with weaker demand across Europe and emerging markets from the war hurt sales, the company said.
Sydney Towle, Influencer and Health Activist, Has Died
Towle, known for sharing her life as a young woman living with cancer, passed away aged 26 on Wednesday.
Ralph Lauren Beats Estimates on Demand From Affluent Shoppers
Strong sales among young and affluent shoppers helped drive quarterly revenue above analysts' expectations.
Kenvue Misses Estimates as Inflation, Tariffs Squeeze Margins
The US consumer health company and parent of Neutrogena narrowly missed Wall Street estimates for second-quarter results as tariffs and currency-related costs offset sales gains.