The fashion resale platform raised $168 million with its initial public offering on Thursday, achieving a valuation of around $1.3 billion. Shares began trading at $18.25 on Friday, up 30% from their listing price.
The global intimates group provided an update on its ongoing transformation into a pure-play e-commerce platform on Monday, revealing progress on its balance sheet and announcing the appointment of a new board member.
The Seattle-based department store retailer sold $675 million in unsecured bonds on Wednesday, as it seeks to repay the debt it took on following the arrival of Covid-19 in the United States.
Made in Italy Fund bought Italian high-end casual brand Dondup from L Catterton, a buyout firm founded by LVMH owner and French billionaire Bernard Arnault, the Italian private equity said on Thursday.
L'Éclaireur, the Paris luxury boutique chain, just feted four decades of business, and to kick off the next 40, the uber-insider retailer has just unveiled a natty new website.
Burberry has become the first luxury brand to feel the backlash in China over its stance on accusations of abuses of Uighur Muslim minorities in Xinjiang.
The San Francisco-based fashion group is selling its premium kidswear label to brand investment platform Go Global Retail, with the transaction expected to close on April 2, 2021.
In the last 18 months, the luxury label’s online sales exceeded 10% of total revenue, enabling it to reach markets hitherto regarded as secondary, like the Balkans region, chiefly Croatia, Romania and Poland.
A new charter for the UK retail sector has seen many of the biggest and most prominent names signing up to make their workplaces more diverse and inclusive.
Spanish retailer Tendam has acquired a majority stake in the Slowlove fashion brand with which its Cortefiel unit has been working since last summer.
After spending 2020 “honing” and “reshaping” its business, leather producer and supplier Pittards has talked of "acquitting itself robustly” and has “entered 2021 stronger, with a more diverse and flexible business”.
Anger with Nike erupted on Chinese social media on Wednesday after China's netizens spotted a statement from the U.S. giant saying it was "concerned" about reports of forced labour in Xinjiang.
Sportswear retailer and licensing company Fanatics said that it recently raised $320 million in new funding, giving it a valuation of $12.8 billion.
Bain & Company has teamed up with Positive Luxury to offer a vision of sustainable luxury for 2030, highlighting five key areas of focus for brands hoping to implement sustainability strategies over the next 10 years.
The former Gap CEO has filed paperwork for an IPO seeking to raise $200 million for Good Commerce Acquisition Corp, a special purpose acquisition company (SPAC) focused on the apparel sector and related industries.
