Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
ipo
Beauty
Olaplex Files for IPO
The Santa Barbara, California-based beauty brand plans to list its shares on Nasdaq under the symbol OLPX.
Olaplex Files for IPO
The Santa Barbara, California-based beauty brand plans to list its shares on Nasdaq under the symbol OLPX.
Sustainability
Allbirds Expands into Activewear
The direct-to-consumer brand known for its eco-conscious ethos and wool sneakers is venturing into the booming market for sportswear, expanding into the new category amid signs it is preparing to go public.
Allbirds Expands into Activewear
The direct-to-consumer brand known for its eco-conscious ethos and wool sneakers is venturing into the booming market for sportswear, expanding into the new category amid signs it is preparing to go public.
Retail
Report: Sportswear Brand Fabletics Preps for IPO
The Kate Hudson-backed company has tapped banks with an eye to going public, The Wall Street Journal reports.
Report: Sportswear Brand Fabletics Preps for IPO
The Kate Hudson-backed company has tapped banks with an eye to going public, The Wall Street Journal reports.
Technology
How Lyst Plans to Take on Fashion’s E-Commerce Giants
The online fashion platform is gearing up for an IPO with an $85 million funding round and ambitions to become the Spotify of fashion.
How Lyst Plans to Take on Fashion’s E-Commerce Giants
The online fashion platform is gearing up for an IPO with an $85 million funding round and ambitions to become the Spotify of fashion.
Global Markets
Russian Retailer Gloria Jeans Doubles Profit and Plans IPO
Russian high street retail giant, Gloria Jeans, increased its revenue by 40 percent in its first quarter 2021, compared to the same period last year, making 44 billion roubles ($591 million), owner Vladimir Melnikov said in a statement.
Russian Retailer Gloria Jeans Doubles Profit and Plans IPO
Russian high street retail giant, Gloria Jeans, increased its revenue by 40 percent in its first quarter 2021, compared to the same period last year, making 44 billion roubles ($591 million), owner Vladimir Melnikov said in a statement.
Financial Markets
Sportswear Brand Perfect Moment Closes $6M Bridge Loan in Preparation for IPO
The high-end label best known for its stylish ski wear intends to go public on the Nasdaq later this year.
Sportswear Brand Perfect Moment Closes $6M Bridge Loan in Preparation for IPO
The high-end label best known for its stylish ski wear intends to go public on the Nasdaq later this year.
Financial Markets
Mytheresa Aiming for $1.58 Billion Valuation
The luxury e-tailer is offering 15.6 million shares on the New York Stock Exchange. In a statement on Tuesday, the company said it expects its share
Mytheresa Aiming for $1.58 Billion Valuation
The luxury e-tailer is offering 15.6 million shares on the New York Stock Exchange. In a statement on Tuesday, the company said it expects its share
Financial Markets
ThredUp Files Confidentially for IPO
The size and price range of the offering have not yet been determined, the company said.
ThredUp Files Confidentially for IPO
The size and price range of the offering have not yet been determined, the company said.
Beauty
Report: The Hut Group Poised to Launch $5.9 Billion London IPO
The deal could be priced by mid-September and is likely to raise around £1 billion through the sale of new and existing shares, according to sources familiar with the matter.
Report: The Hut Group Poised to Launch $5.9 Billion London IPO
The deal could be priced by mid-September and is likely to raise around £1 billion through the sale of new and existing shares, according to sources familiar with the matter.
Retail
ThredUp Plans IPO Early Next Year
The secondhand fashion e-tailer could raise between $200 million and $300 million, people familiar with the matter said.
ThredUp Plans IPO Early Next Year
The secondhand fashion e-tailer could raise between $200 million and $300 million, people familiar with the matter said.
China
Report: Shandong Ruyi Resists Lycra Sale in Favour of IPO
The Chinese apparel group is looking to publicly float the textile business following its weak financial performance.
Report: Shandong Ruyi Resists Lycra Sale in Favour of IPO
The Chinese apparel group is looking to publicly float the textile business following its weak financial performance.
Beauty
Report: DTC Wellness Brand Hims Seeks Deal to Go Public
The healthcare brand is exploring the potential deal through a merger with a blank-check acquisition company that could value it at more than $1 billion.
Report: DTC Wellness Brand Hims Seeks Deal to Go Public
The healthcare brand is exploring the potential deal through a merger with a blank-check acquisition company that could value it at more than $1 billion.
The News in Brief
CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.