Rabanne Owner Puig, Shareholders Raise €2.6 Billion in IPO
The listing drew orders for multiple times the number of shares available and is contributing to a broad resurgence of European initial public offerings.
The Italian brand may no longer be a luxury leader, but it is still an attractive asset for prospective buyers.
This week, Karl-Johan Persson steps down as H&M CEO, while Levi’s appoints a data scientist from Apple to its board.
The news came as the fast fashion retailer reported its first rise in annual profit since 2015.
After years of sluggish growth and shrinking profits, the fast-fashion giant's stock levels have ballooned into a $4 billion problem — a powerful reflection of the challenges facing the company, and the fashion sector at large.
The Swedish retail company's stock of unsold clothes is shrinking amid recent demand increase and shares up by 25 percent.
The Swedish retailer reported its fastest quarterly sales growth in three years, but analysts question how much it cut prices to get rid of excess inventory.
Gains of 36 percent have come on the back of better-than-expected sales data for the third quarter, as well as speculation that the company may soon become private.
The Swedish retailer has seen sales stall, pretax profit shrink and its shares fall over the past couple of years due mainly to slowing traffic at its budget H&M brand stores.
In April alone, chairman Stefan Persson acquired about 18.2 million shares in H&M for about $278 million — but analysts remain "as bearish as ever" on the stock.
H&M chairman Stefan Persson and his family may be about to consolidate their control of the retailer through an offer that lets investors convert dividends into new shares.
As shares of Hennes & Mauritz fall, its chairman Stefan Persson has bought an additional 20.6 million shares in the company, raising his combined investment to 39.7 percent.
TOKYO, Japan — Fast Retailing Co., Asia's largest clothing retailer, hasn't decided if it will join a safety pact to improve fire and building safety
He transformed the apparel company that his father founded into a global fast-fashion group that has made him Sweden’s richest man.
The listing drew orders for multiple times the number of shares available and is contributing to a broad resurgence of European initial public offerings.
The line, Orebella, launches on May 2 with a selection of three perfumes.
E-commerce is seen by the company as its next big potential revenue source as well as a way to keep users spending time and money on its app.
The preliminary injunction hearing on the US Federal Trade Commission’s bid to block Tapestry’s attempted takeover of rival Capri will likely last a week and a half, the judge said.
The online fast fashion retailer is moving into other categories and has given brands and retailers access to its platform in nine European countries so far, having done so in the United States, Brazil, and Mexico last year.
The union delivered the announcement through a video at a bargaining session today, promising “a week of union actions” in the statement.
The transaction, which includes funding from Blackstone and Goldman Sachs, values the company at $6.4 billion.
The Lithuania-based group said growth had been spurred by entering new markets including Denmark and Finland and an expansion into luxury fashion.