Hermès Sales Climb, Boosted By US
Hermès second quarter sales rose 7 percent, lifted by a recovery in tourism in Europe and strong demand in the US.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
Amazon Bets on Indian Beauty Brand
Amazon led a funding round worth nearly $25 million for Indian beauty brand MyGlamm.
The News in Brief
Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.