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
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.
The company is in talks with potential investors after filing for insolvency in Europe and closing its US stores. Insiders say efforts to restore the brand to its 1980s heyday clashed with its owners’ desire to quickly juice sales in order to attract a buyer.
The humble trainer, once the reserve of football fans, Britpop kids and the odd skateboarder, has become as ubiquitous as battered Converse All Stars in the 00s indie sleaze years.
Manhattanites had little love for the $25 billion megaproject when it opened five years ago (the pandemic lockdowns didn't help, either). But a constantly shifting mix of stores, restaurants and experiences is now drawing large numbers of both locals and tourists.
