Proceeds from the listing of Rocket Internet shares were lowered to around 1.4 billion euros ($1.75 bln), from an initially targeted 1.6 billion euros, regulatory filings to the Frankfurt Stock Exchange late on Friday show.
BoF compiles the most important professional moves of the week.
The Telegraph is laying off 55 employees, including members of its fashion team.
United Parcel Service Inc. said it expects six days during this holiday season to surpass its single-busiest shipping day last year, a workload sure to put its yearlong preparation to the test as online retail sales rise.
Next Plc, the U.K.’s second-largest clothing retailer, cut its full-year forecasts as an extended period of unseasonably warm weather led shoppers to delay updating their wardrobes.
Kohl’s Corp., the third-largest U.S. retailer, fell in extended trading after saying annual profit will be at the lower end of its forecast, hurt by a sales slowdown toward the end of its third quarter.
Hennes & Mauritz AB will blacklist a spinning mill in southern India after a report claimed five manufacturers there use child labor and subjected workers, mostly women and girls, to “appalling” working conditions.
Nordstrom Inc.’s share price is outperforming Macy’s Inc. as investors bet its earnings will accelerate more than its rival’s in 2015.
Italy’s top court has cleared fashion designers Domenico Dolce and Stefano Gabbana over charges of hiding hundreds of millions of euros from Italian tax authorities.