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.
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.
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.
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”.
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.