Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
Oliver Samwer
Jumia Founder Rocket Internet Set to Found More Companies in 2019
Founder of Global Fashion Group and Jumia (potentially valued at over $1.6 billion in recent IPO), the German e-commerce investor plans to set up even more companies this year.
How Zalando Is Fighting Off Amazon and Building the Spotify of Fashion
Ten years ago, Robert Gentz and David Schneider founded what has become Europe’s biggest fashion e-commerce player. Now, Amazon is targeting their turf, but the duo has bigger plans: an operating system for fashion.
Rocket Internet to Invest in Firms That Can Conquer US
Chief executive Oliver Samwer said he would incubate and invest in firms trying to make it in the competitive US market.
Can Global Fashion Group Shed Its Turbulent Past and Become Profitable?
After a slew of challenges, the ex-Rocket Internet fashion e-commerce subsidiary is taking a more pragmatic view on the future.
Rocket Internet’s Global Fashion Shrinks Losses on Cost Cuts
The adjusted loss narrowed to €32.3 million ($34.3 million) from €54 million a year earlier.
Rocket Internet Slashes Home24 Value in New Funding Round
Rocket Internet has lowered the value of one of its key portfolio companies by more than 50 percent in a new financing round, the latest setback the Berlin-based startup incubator.
Financial Markets
Rocket Internet Shares Fall After Writing Down Value of Global Fashion Group
Rocket Internet shares fell the most in more than four months after a writedown of the value of online retailer Global Fashion Group contributed to a a first-half loss of €617 million ($690 million) at the startup factory.
Rocket Internet Shares Fall After Writing Down Value of Global Fashion Group
Rocket Internet shares fell the most in more than four months after a writedown of the value of online retailer Global Fashion Group contributed to a a first-half loss of €617 million ($690 million) at the startup factory.
Rocket Internet-Backed Global Fashion Group Raises $364 Million
Rocket Internet SE, Germany’s highest-profile startup investor, contributed 68 million euros to a 330-million-euro funding round for its startup Global Fashion Group, completing a deal first announced in April.
Technology
Germany's Rocket Internet Falls Back To Earth
After slower growth from Nigeria to Russia and Brazil, Rocket Internet's 2012 launched would-be African Amazon company Jumia has casted doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China.
Germany's Rocket Internet Falls Back To Earth
After slower growth from Nigeria to Russia and Brazil, Rocket Internet's 2012 launched would-be African Amazon company Jumia has casted doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China.
Technology
Rocket Internet Narrows Quarterly Losses at Portfolio Startups
Rocket Internet SE shrank losses at several of its holdings, a relief for the biggest European startup factory as it seeks to convince shareholders its investments in the likes of Delivery Hero and Global Fashion Group will pay off.
Rocket Internet Narrows Quarterly Losses at Portfolio Startups
Rocket Internet SE shrank losses at several of its holdings, a relief for the biggest European startup factory as it seeks to convince shareholders its investments in the likes of Delivery Hero and Global Fashion Group will pay off.
Oliver Samwer Says Rocket Internet Investors Need to Think Long-Term
Rocket Internet's investors need to buy into its five to 10 year plans rather than focusing on short-term market fluctuations, founder Oliver Samwer told a German newspaper.
Financial Markets
Kinnevik Directors Exit Rocket Board in Sign of Fraying Alliance
Investment AB Kinnevik pulled its two directors from the supervisory board of Rocket Internet SE, the latest sign of growing friction between two companies that have co-invested in European and emerging market startups for several years.
Kinnevik Directors Exit Rocket Board in Sign of Fraying Alliance
Investment AB Kinnevik pulled its two directors from the supervisory board of Rocket Internet SE, the latest sign of growing friction between two companies that have co-invested in European and emerging market startups for several years.
Company Snapshot
After co-founding Alando, which was sold to eBay, he teamed up with his brothers to develop copycat fashion e-commerce websites.
The News in Brief
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Sales Rise More Than Expected, Led by Beauty
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.
Sales at Italy’s Moncler Up 16% in First Quarter Boosted by China
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
PZ Cussons to Sell St Tropez, May Exit Africa
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.
EU Parliament Approves New Business Supply Chain Audit Law
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.