Dr. Martens said revenue growth slowed in its third quarter, hammering its share price, after a drop in its wholesale business as it prioritised scarce inventory for online and retail stores channels.

The $240 million financing round was led by hedge fund Lone Pine Capital and joined by investment firm D1 Capital Partners, Skims chief executive officer Jens Grede said in an interview.

The partially state-owned business and finance venture has acquired the Russian branch of Finnish fashion retail chain Stockmann from owner Yakov Panchenko.

Levi Strauss & Co. gave a stronger-than-expected sales outlook and said price hikes aren’t hurting demand for its clothes.

Shipments rose 31 percent to 22.3 billion francs ($24.1 billion) last year, the Federation of the Swiss Watch Industry said Thursday.

At least seven infections were detected in Hangzhou, a city near Shanghai and home to Alibaba Group Holding Ltd.

The Indian conglomerate is reportedly gearing up to launch an omnichannel beauty platform.

Chief executive Emily Weiss wrote in a letter to employees that Glossier had “got ahead of ourselves on hiring."