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.
ipo
Technology
On Road to Autumn IPO, Farfetch Inks Middle East Deal
The fashion ‘unicorn’ has entered into a joint venture with Chalhoub Group ahead of a $5 billion IPO that is set for September 2018, according to sources close to the deal.
Financial Markets
Versace In 'No Rush' to List on Stock Market
The Italian fashion house has been considering a listing after US private equity Blackstone bought a 20 percent stake in 2014 to fund its overseas expansion.
Financial Markets
Report: Valentino to List 25 Percent of Company
The Italian fashion house's Qatari owner plans to sell around a quarter of the company in an IPO, which will not take place before the second half of 2018, according to a source close to the matter.
Financial Markets
BoF Exclusive | Stitch Fix Founder on How to Get to IPO
As the personal styling service debuts on the NASDAQ stock exchange today, Stitch Fix chief executive Katrina Lake shares the secrets to the company’s success.
Financial Markets
With $2 Billion IPO Under Belt, SMCP Plots China Growth
As SMCP goes public, BoF speaks to the company's co-founders and chief executive about the affordable luxury giant's trajectory and future ambitions.
Financial Markets
Victoria's Secret Owner to Invest in Crystal International's $574 Million IPO
Victoria's Secret parent company L Brands Inc. committed to buy $10 million of the supplier's stock in the offering, while Uniqlo-owner Fast Retailing has agreed to buy $20 million of stock.
Financial Markets
SMCP Could be Worth $2.4 Billion
The group, which owns the Sandro, Maje and Claudie Pierlot brands, is planning an IPO in Paris.
Financial Markets
Report: SMCP to File for IPO With a Valuation of up to $2.4 Billion
The French company behind fashion brands Sandro, Maje and Claudie Pierlot, which is controlled by China's Shandong Ruyi, is expected to list in Paris this autumn.
Marketing
News Bites | Calvin Klein's New Campaign, Is Farfetch Edging Closer to IPO?
In today's News Bites, Raf Simons gets meta with his new Calvin Klein campaign, while sources say Farfetch could go public within the next six months.
News & Analysis
Stitch Fix Has Hired a New CFO. An IPO Probably Comes Next.
"Stitch Fix has hired a new chief financial officer who many industry insiders believe will soon guide the company to an IPO."
Financial Markets
Singapore's Reebonz Seeks to Raise Up to $150 Million
Southeast Asia’s largest online luxury retailer is planning to raise as much as $150 million to bolster its marketplace business and fund expansion in China, Japan and South Korea.
Financial Markets
Is Farfetch Edging Towards a $5 Billion IPO?
According to reports, the company is in the process of appointing bankers for a New York listing that could value the company at up to $5 billion.
The News in Brief
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.
L’Oréal Sales Beat Expectations as Premium Products Surge
The French giant handily beat expectations on strong demand for hair products at salons and premium skincare from its dermatological division.