Beiersdorf Sales Slightly Miss Expectations on Nivea Weakness
The German consumer goods maker marginally missed market expectations for third-quarter sales growth on Tuesday, with its key Nivea brand posting a third straight quarterly sales decline.
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Financial Markets
Belle International Files for Hong Kong IPO to Raise $1 Billion
The footwear company plans to make a stock market debut with the largest Chinese sportswear retailer, Topsports.
Financial Markets
Global Fashion Group Lowers IPO Offer Price
Following its postponed listing date, the Asia and Latin America-focused fashion e-tailer reduced its share price to €4.50.
Financial Markets
Alibaba Proposes 1:8 Stock Split Ahead of Hong Kong Listing
The e-commerce giant's IPO in Hong Kong later this year is expected to raise up to $20 billion.
Financial Markets
Report: Alibaba Files for a Hong Kong Mega-Listing
The online emporium filed a stock listing application this week, without the need for financial disclosures, according to people familiar with the matter.
Financial Markets
Report: Alibaba Choosing CICC, Credit Suisse to Lead Hong Kong IPO
The online retailer is in discussions with other investment banks seeking a role on the offering, according to people familiar to the matter.
Financial Markets
Revolve Raises $212 Million in IPO
Three other e-commerce companies have gone public in the US this year, raising a combined $471 million.
Financial Markets
Inside The RealReal’s Plan to Dominate the Secondhand Luxury Market
The company’s IPO filing reveals its big ambitions - and hints at how expensive it will be to reach those goals.
Financial Markets
Emerging Markets Retailer GFG Prepares for IPO
The online retail group, valued at €1 billion with 11.2 million active customers, has announced its plans for its listing in Frankfurt.
News & Analysis
Luxury Online Reseller The RealReal Files for IPO
"The company intends to list on the Nasdaq under the symbol “REAL”, a filing with the U.S. Securities and Exchange Commission showed."
Financial Markets
Topshop's Stunning Collapse Proves No Retailer Is Too Big to Fail
This week everyone will be talking about whether creditors will approve a rescue plan for Topshop parent Arcadia, Revolve's initial public offering and new men's collections from Saint Laurent and Prada. Read our BoF Professional Cheat Sheet.
Financial Markets
Report: Alibaba Weighs Raising $20 Billion Through Second Listing
The e-commerce giant, which is currently listed on the New York Stock Exchange, is working with financial advisers on the planned offering in Hong Kong, according to sources familiar with the matter.
Financial Markets
Watches of Switzerland Considers London IPO
With revenues of £746 million, the IPO could value the company at up to £1 billion.
The News in Brief
Audemars Piguet to Certify Its Pre-Owned Watches Following Rolex
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.