On Sneaker Brand’s Shares Slump After Sales Disappoint
The Swiss brand's stock tumbled after it posted disappointing second-quarter sales and issued a slightly more cautious sales forecast for the year.
mergers-acquisitions
Global Markets
Africa’s Top Clothing Retailer Pepkor Pushes Expansion in Brazil
Success in Brazil will allow Pepkor to consider further expansion in other emerging markets, chief executive Pieter Erasmus said.
Africa’s Top Clothing Retailer Pepkor Pushes Expansion in Brazil
Success in Brazil will allow Pepkor to consider further expansion in other emerging markets, chief executive Pieter Erasmus said.
Luxury
Report: Farfetch in Talks to Take Company Private
Farfetch’s chief executive José Neves is reportedly conferring with top shareholders, including Richemont and Alibaba, and JP Morgan about delisting the company, The Telegraph reported on Tuesday. A take-private deal could happen imminently as Farfetch’s stock remains under pressure, according to the report. The e-tailer’s share price has plummeted more than 80 percent since its 2018 IPO.
Report: Farfetch in Talks to Take Company Private
Farfetch’s chief executive José Neves is reportedly conferring with top shareholders, including Richemont and Alibaba, and JP Morgan about delisting the company, The Telegraph reported on Tuesday. A take-private deal could happen imminently as Farfetch’s stock remains under pressure, according to the report. The e-tailer’s share price has plummeted more than 80 percent since its 2018 IPO.
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.
Luxury
Secondhand Luxury Jewellery Marketplaces Worthy and Circa to Merge
Privately held US fine jewellery and luxury watch marketplaces Worthy and CIRCA Jewels told Reuters on Thursday they will merge to create a company worth more than $100 million.
Secondhand Luxury Jewellery Marketplaces Worthy and Circa to Merge
Privately held US fine jewellery and luxury watch marketplaces Worthy and CIRCA Jewels told Reuters on Thursday they will merge to create a company worth more than $100 million.
Retail
UPS Acquires Happy Returns
UPS on Wednesday announced that it bought reverse logistics start-up Happy Returns from its previous owner PayPal for an undisclosed sum. The deal is expected to close in the final quarter of the year.
UPS Acquires Happy Returns
UPS on Wednesday announced that it bought reverse logistics start-up Happy Returns from its previous owner PayPal for an undisclosed sum. The deal is expected to close in the final quarter of the year.
China
Anta Sports to Acquire Chinese Athleisure Brand Maia Active
The Shanghai-based brand, which frequently draws comparisons to Lululemon, is one of China’s most popular for female active and loungewear.
Anta Sports to Acquire Chinese Athleisure Brand Maia Active
The Shanghai-based brand, which frequently draws comparisons to Lululemon, is one of China’s most popular for female active and loungewear.
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.
Retail
EU Antitrust Regulators Set Deadline for Farfetch, Richemont Deal
EU antitrust regulators will decide by Oct. 20 whether to clear luxury e-commerce company Farfetch’s acquisition of a stake in online fashion retailer YOOX Net-A-Porter (YNAP) from Richemont, a European Commission filing showed.
EU Antitrust Regulators Set Deadline for Farfetch, Richemont Deal
EU antitrust regulators will decide by Oct. 20 whether to clear luxury e-commerce company Farfetch’s acquisition of a stake in online fashion retailer YOOX Net-A-Porter (YNAP) from Richemont, a European Commission filing showed.
Retail
Consortium Brand Partners Acquires Majority Stake in Draper James
Fund manager Consortium Brand Partners has acquired a 70 percent stake in Reese Witherspoon’s fashion and lifestyle brand Draper James.
Consortium Brand Partners Acquires Majority Stake in Draper James
Fund manager Consortium Brand Partners has acquired a 70 percent stake in Reese Witherspoon’s fashion and lifestyle brand Draper James.
Luxury
LVMH’s Thelios Acquires French Eyewear Brand Vuarnet
The deal is the first brand acquisition for Thelios, which designs, produces and distributes sunglasses and optical frames for brands such as Dior, Fendi and Givenchy.
LVMH’s Thelios Acquires French Eyewear Brand Vuarnet
The deal is the first brand acquisition for Thelios, which designs, produces and distributes sunglasses and optical frames for brands such as Dior, Fendi and Givenchy.
Retail
Mike Ashley’s Frasers Raises Stake in Boohoo to 9.1%
British sportswear group Frasers raised its stake in online fashion seller Boohoo to 9.1 percent from 7.8 percent, a regulatory filing showed on Thursday.
Mike Ashley’s Frasers Raises Stake in Boohoo to 9.1%
British sportswear group Frasers raised its stake in online fashion seller Boohoo to 9.1 percent from 7.8 percent, a regulatory filing showed on Thursday.
Luxury
Rolex to Buy Bucherer in Major Retail Move for Swiss Giant
Rolex SA is buying the luxury retailer Bucherer AG in a deal that will give the biggest Swiss watch brand a major presence in consumer sales for the first time.
Rolex to Buy Bucherer in Major Retail Move for Swiss Giant
Rolex SA is buying the luxury retailer Bucherer AG in a deal that will give the biggest Swiss watch brand a major presence in consumer sales for the first time.
The News in Brief
Natura Posts 92% Decline in Quarterly Profit
Brazilian cosmetic maker Natura on Monday posted a second-quarter net profit of 35 million reais ($6.85 million), a 92.1 percent decline from the same period in 2025.
Report: Armani Stake Sale Could Be Delayed Beyond March 2027 Deadline
Citing company sources, Italian newspaper Corriere della Sera said market conditions for the luxury industry were still challenging and negotiating a deal could require time.
Shein to Launch IPO as Soon as August 19, Sources Say
The Hong Kong IPO could take place as soon as Wednesday of next week, two people with knowledge of the matter said on Tuesday.
John Lewis Managing Director Quits Job After Less Than Three Years
Peter Ruis' surprise departure comes as the company faces “really tough” trading conditions.
Harvey Nichols Warns It Could Collapse Without Rescue Deal
The upscale department store says it will not be able to survive another year without new investment, as bidders for the chain circle.
Shein IPO Value Could Fall Short of $30 Billion Targeted by Some Investors
Bloomberg Intelligence estimates the ultra-fast fashion retailer supports a valuation of $22 billion to $25 billion, well below the roughly $30 billion valuation some investors have pushed for.
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.