Harper’s Bazaar to Launch Philippine Edition
Hearst Magazines International is partnering with Philippine media group AGC Power Holdings to launch the fashion title in November 2027.
venture-capital-private-equity
China
Chinese Resale Unicorn Zhuanzhuan Plots IPO
Tencent-backed online second-hand marketplace Beijing Zhuanzhuan Spirit Technology, more commonly known as Zhuanzhuan, is plotting a $400 million funding round ahead of an initial public offering, according to a Bloomberg report.
Global Markets
KKR Acquires Majority Stake in Vini Cosmetics for $625 Million
The investment firm has agreed to acquire a controlling stake in Indian personal care and beauty retailer.
China
Chinese Sportswear Giant Taps $129 Million Funding for Global Push
Sportswear manufacturing group Xstep International will receive a HKD $1 billion ($129.4 million) capital infusion from private equity firm Hillhouse
Global Markets
Former Myntra CEO’s Mensa Brands Raises $50 Million in Series A Round
Mensa Brands, the new venture of former Myntra CEO Ananth Narayanan, has raised around $50 million in a mix of equity and debt in a Series A round led by Accel Partners, according to an Economic Times report.
Retail
Resale White Label Service Treet Announces Funding Round
The startup, which helps brands set up peer-to-peer resale marketplaces, announced a $2.8 million funding round.
China
Shein Denies Plans for Imminent IPO
Reports flew around China’s financial media last week that ultra fast fashion e-commerce player, Shein, was preparing for an IPO following its latest round of financing, which reportedly tipped the company’s valuation over 300 billion yuan ($46.8 billion), a plan (and valuation) the company has refuted.
Global Markets
Fashion NFT Platform BNV Closes Seed Funding Round
Brand New Vision (BNV), which operates a platform for the trading of fashion, footwear and accessories as non-fungible tokens (NFTs) called bnv.me, has closed a seed investment round for an undisclosed amount led by Animoca Brands, a blockchain gaming and NFT player that last week saw its own valuation top $1 billion.
Retail
Ralph Lauren Sold Club Monaco. What’s Next?
The American retailer joins Gap Inc and others in shedding a smaller label to focus on its core. But the road to growth will be bumpy, analysts say.
Retail
Can Private Equity Win With Fashion E-Commerce?
Gap is offloading Intermix to Altamont Capital Partners, which aims to triple sales on the back of post-pandemic exuberance and e-commerce. Finding a satisfying exit may prove tough.
China
China’s Blind Box Toy Sensation Invests in Sneaker Resale Platform
Pop Mart, the Chinese toy brand that has ridden a craze for “blind boxes” to a $7 billion valuation and a buzzy $767 million Hong Kong IPO, has invested “tens of millions of yuan” in sneaker resale platform, Solestage, giving the latter a valuation of around 200 million yuan ($31 million), according to a report in New Consumer Daily.
Global Markets
Indian Beauty E-Commerce Platform Purplle Raises $45 Million
The beauty platform raised $45 million in a new financing round as it looks to expand its presence in the world’s second largest online market.
Global Markets
Amazon Bets on Indian Beauty Brand
Amazon led a funding round worth nearly $25 million for Indian beauty brand MyGlamm.
The News in Brief
Sycamore Said to Near Deal to Sell Boots
The private equity firm is nearing a deal, valued at $9 billion, to sell the UK health and beauty retail business to the Canadian branch of the billionaire Weston family, a source told Bloomberg.
Pandora Opens World’s Largest Jewellery Factory in Vietnam
The $150 million plant is the Danish jewellers first outside of Thailand, part of a bid to diversify its manufacturing footprint and boost supply-chain resilience.
Luca de Meo Says Italy Remains Key, Rules Out Production Shift
The Kering CEO also denied any interest in buying a minority stake in Armani, adding that the group was focusing on other challenges.
H&M, Adidas and Inditex Back New Effort to Address ‘Waste Colonialism’
The new initiative will explore how the industry can take responsibility for the millions of used and unsold garments exported to secondhand markets around the world.
Dyson’s $499 AI Toothbrush Sees Rocky Debut
The UK firm blamed a production error resulting in ‘water seepage’ for the disappearance of its newly launched camera-equipped toothbrush from stores.
Sephora to Launch at Marks & Spencer
‘Sephora at M&S’ will roll out in M&S stores and online starting next spring, with plans to expand to 100 locations by the end of 2028.
Novo Buys Rights to Early Obesity Pill For $2.6 Billion
The Wegovy maker has signed a deal to license an experimental obesity pill from China’s Jiangsu Hengrui Pharmaceuticals as it seeks to regain share of the global GLP-1 market.