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.
Brazilian apparel retailer Lojas Renner is preparing to launch a roughly 4.5 billion reais ($806 million) share offering, financial blog Brazil Journal reported on Friday.
The company plans to use the proceeds to fund its growth plan, including potential mergers and acquisitions.
Shares rose more the 8 percent in the afternoon trading session.
By Carolina Mandl; Editing by Chris Reese
Fast-growing start-ups like Hettas, Saysh and Moolah Kicks created sneakers designed specifically for active women. The sportswear giants are watching closely.
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.