LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The e-commerce giant, which is currently listed on the New York Stock Exchange, is working with financial advisers on the planned offering in Hong Kong, according to sources familiar with the matter.
As Prime Minister Narendra Modi cruised to his second successive landslide victory, Indian equities climbed, sending key gauges to their best weekly gains in more than two months.
Many investors anticipated a strong report, but JD’s forecast for a re-acceleration of revenue growth was better than expected and indicates “strong business momentum.”
Sales rose 11.4 percent to €7.6 billion, pushing stock up around 1.5 percent, among the biggest gains on Paris' index.
ADVERTISEMENT
The co-founder of the online sneaker marketplace explains why luxury is the perfect new frontier for expansion beyond footwear and streetwear.
The sports retailer's stock rose 3.8 percent after Citigroup raised its rating from 'neutral' to 'buy.'
The company's first earnings report since IPO last month sent stock up 7 percent to over $23 a piece, nearly a record high.
In its last private funding round in 2017, the digital scrapbook raised $150 million for a total valuation of about $12.3 billion.
ADVERTISEMENT
The 165-year-old company's return to the public market comes at a time when stocks are near all-time highs and the popularity of denim is surging.
Set to debut on the NYSE Thursday, Levi's sold $623.3 million in shares in its IPO with shares priced at $17, above the target range of $14 to $16.
Eurazeo has sold its entire 4.8 percent stake of Moncler's share capital for around €445 million.
The company’s operating profit fell 10 percent to €323.8 million, shares slumped 7.2 percent in early Hong Kong trading and the stock has dropped about 35 percent in the past year.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
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.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.