After more than a decade of investors pouring money into seemingly any new company, profitable or not, many now look to be pulling back.
After more than a decade of investors pouring money into seemingly any new company, profitable or not, many now look to be pulling back.
Carousell Pte, a Singapore-based online classifieds marketplace operator, has recently ended talks to go public through a merger with blank-check company L Catterton Asia Acquisition Corp. amid market volatility, according to people familiar with the matter.
Carousell Pte, a Singapore-based online classifieds marketplace operator, has recently ended talks to go public through a merger with blank-check company L Catterton Asia Acquisition Corp. amid market volatility, according to people familiar with the matter.
Scores of people who quit their jobs during the pandemic are open to giving their former employers a second chance. But winning these workers back requires a bit of extra effort.
Scores of people who quit their jobs during the pandemic are open to giving their former employers a second chance. But winning these workers back requires a bit of extra effort.
The French luxury giant participated in a $46 million funding round intended to accelerate commercialisation of San Francisco-based VitroLabs’ lab-grown leather.
The French luxury giant participated in a $46 million funding round intended to accelerate commercialisation of San Francisco-based VitroLabs’ lab-grown leather.
As the industry gets ready for unprecedented pace of technological advancements, leading brands and retailers are expected to double their spending by 2030 on everything from AI to hyper-personalisation tools to traceability. BoF and McKinsey’s new special edition of The State of Fashion unpacks what lies ahead.
As the industry gets ready for unprecedented pace of technological advancements, leading brands and retailers are expected to double their spending by 2030 on everything from AI to hyper-personalisation tools to traceability. BoF and McKinsey’s new special edition of The State of Fashion unpacks what lies ahead.
The special edition of The State of Fashion report by The Business of Fashion and McKinsey & Company explores the great tech acceleration gripping the industry. Download the full report to understand the key imperatives that are spurring top brands and retailers to ramp up investments in technologies from AI to blockchain, to both address pain points and boost their competitive edge.
The special edition of The State of Fashion report by The Business of Fashion and McKinsey & Company explores the great tech acceleration gripping the industry. Download the full report to understand the key imperatives that are spurring top brands and retailers to ramp up investments in technologies from AI to blockchain, to both address pain points and boost their competitive edge.
Brand accelerators like Tomorrow offer cash, shared services and economies of scale. Can the approach turn high-potential young labels into success stories?
Brand accelerators like Tomorrow offer cash, shared services and economies of scale. Can the approach turn high-potential young labels into success stories?
Simon Property Group and Brookfield Asset Management are offering to acquire retailer Kohl’s Corp. in a deal that would be worth more than $8.6 billion, according to a report.
Simon Property Group and Brookfield Asset Management are offering to acquire retailer Kohl’s Corp. in a deal that would be worth more than $8.6 billion, according to a report.
The direct-to-consumer bra startup will relaunch Kit Undergarments on the ThirdLove website this week, the company announced Monday, Apr. 25.
The direct-to-consumer bra startup will relaunch Kit Undergarments on the ThirdLove website this week, the company announced Monday, Apr. 25.
The UK fast fashion retailer also announced 63 job cuts as part of its restructuring efforts, tapping London-based advisory firm Teneo to “find a strategic partner."
The UK fast fashion retailer also announced 63 job cuts as part of its restructuring efforts, tapping London-based advisory firm Teneo to “find a strategic partner."
Reliance Brands Limited (RBL) will take a 51 percent stake in the 35-year-old designer brand, beloved of both Bollywood stars and billionaires, for an undisclosed sum.
Reliance Brands Limited (RBL) will take a 51 percent stake in the 35-year-old designer brand, beloved of both Bollywood stars and billionaires, for an undisclosed sum.
High street company Next and a group of investment firms purchased the baby and maternity retailer JoJo Maman Bébé.
High street company Next and a group of investment firms purchased the baby and maternity retailer JoJo Maman Bébé.
The brand plans to buy back more than €800 million ($932 million) of stock, seeking to bolster investor confidence after a slide in its shares and the exit of an heir of the eyewear maker’s founder from his management roles.
The beauty retailer’s fiscal second-quarter growth was driven by fragrance, K-beauty and store expansion, said CEO Kecia Steelman.
Jane Ewing, who was most recently interim chief executive officer for Sam’s Club in China, will join Nike on Sept. 7.
Former Target and Walmart veteran Michael Francis, known in the industry as a marketing guru, will succeed current Old Navy CEO Horacio Barbeito on Nov. 2.
The low-cost clothing brand opened its first UK store in Liverpool on Thursday, with shops in Newcastle and Essex due to follow later this year.
The UK fashion trade body has yet to name a successor.
The Swiss watchmaker initially sought about $170 million from the Korean technology giant for failing to prevent apps that mimicked its luxury brands on its smartwatch displays.
Kohl’s turnaround attempt showed some progress after the retailer raised its annual earnings outlook, but it still doesn’t see sales growth this year.