The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
ISTANBUL, Turkey — Turkish luxury retailer Beymen Magazacilik said on Monday it intended to proceed with an initial public offering of up to 62.49 million ordinary shares, or 40 percent of its capital.
Up to 9.37 million additional ordinary shares, or up to 6 percent of its capital, may be sold to cover over-allotments, it said.
It said BofA Merrill Lynch, Citigroup Global Markets Limited, and Deutsche Bank were acting as joint global coordinators and bookrunners in relation to the international offering.
Boyner Perakende ve Tekstil, Beymen’s parent, announced details of the planned IPO last month, saying it had authorised Is Yatirim to file the IPO application with Turkey’s Capital Markets Board.
By Dasha Afanasieva; editor: Daren Butler.
The British musician will collaborate with the Swiss brand on a collection of training apparel, and will serve as the face of their first collection to be released in August.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.