Saks Fifth Avenue Flagship Appraised at $3.6 Billion as It Renews Neiman Push
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus.
Zilingo Pte is set to enter liquidation, capping a months-long crisis that shocked Asia’s technology and start-up industries.
Aadi Vaidya, who joined the company in 2015 and became the COO two years later, confirmed his resignation when contacted by Bloomberg News. Friday is his last day at the company, Vaidya said in his response.
The fashion e-commerce platform terminated her employment after an investigation into claims of what it called “serious financial irregularities” and said it “reserves the right to pursue appropriate legal action.”
The Singapore-based company is working with Goldman Sachs Group Inc. on the potential fundraising deal that could boost its valuation to over $1 billion, said the people, who asked not to be identified as the process is private.
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China’s Shein is aggressively expanding its Singapore office after making a Singapore firm its de facto holding company, according to people with knowledge of the matter and a Reuters analysis of filings by the online fast-fashion retailer.
China’s Shein is aggressively expanding its Singapore office after making a Singapore firm its de facto holding company, according to people with knowledge of the matter and a Reuters analysis of filings by the online fast-fashion retailer.
The Singapore-based e-commerce giant reported an 80.6 percent boost in gross merchandise value (GMV) year-on-year, with total orders up 123.2 percent year-on-year.
The e-commerce giant that has driven sales for brands like Sulwahsoo and Calvin Klein in Southeast Asia this week unveiled a localised platform for the French market, in a move that will see it come up against global retail giants like Amazon and Alibaba.
The e-commerce giant that has driven sales for brands like Sulwahsoo and Calvin Klein in Southeast Asia this week unveiled a localised platform for the French market, in a move that will see it come up against global retail giants like Amazon and Alibaba.
Carousell Group, which includes C2C marketplace Carousell, Vietnam’s Chotot and Malaysia’s Mudah, has added to its fashion resale arsenal by buying Ox Street, one of Southeast Asia’s fastest-growing managed marketplaces for authenticated streetwear.
Carousell Group, which includes C2C marketplace Carousell, Vietnam’s Chotot and Malaysia’s Mudah, has added to its fashion resale arsenal by buying Ox Street, one of Southeast Asia’s fastest-growing managed marketplaces for authenticated streetwear.
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Carousell Group, which includes C2C marketplace Carousell, Vietnam’s Chotot and Malaysia’s Mudah, secured $100 million in a funding round led by
Sea Ltd’s Shopee is preparing to launch in Poland and is currently recruiting sellers, two company sources with knowledge of the matter told Reuters.
In June, the market’s retail sales totalled $2.43 billion in a year-on-year boost of 25.8 percent, Retail in Asia reports.
The Singaporean e-tail platform’s $14.2 billion GMV puts it slightly ahead of local giant Tokopedia, with GMV also around $14 billion, while
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus.
The announcement comes more than 20 years after Life, which was initially founded in New York City in 1883, stopped its regular publications.
A deadline to submit initial offers passed on Thursday, with a final deal expected to close mid-April.
Shoppers “get bored very quickly,” Régis Schultz, JD Sports’ CEO, said.
British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1 percent.
Luxury watchmaker Favre Leuba plans to unveil more than two dozen timepieces later this year, priced as much as 24,000 Swiss francs ($26,489), as part of a brand relaunch that seeks to expand the Swiss pioneer’s appeal beyond its majority Indian consumer base.
L Catterton, backed by French luxury group LVMH Moet Hennessy Louis Vuitton SE, is launching a new vehicle to invest in Indian consumer-sector companies as it increases the focus on the fastest-growing major economy in the world.
The online market for secondhand apparel hit $20 billion in the US in 2023 and is expected to more than double over the next five years, according to a new report from ThredUp and Global Data.