Michael Preysman
Company Snapshot

With a commitment to 'radical transparency' and bypassing traditional middlemen, he has grown a direct-to-consumer brand with a valuation north of $250 million.

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The News in Brief

The luxury e-tailer saw modest growth as aspirational luxury consumers cut back on nonessential spending. In its first quarter of the year that ended in September, Mytheresa’s gross merchandise volume — a measure of goods sold on the platform — rose 3 percent year over year to €204 million ($224 million), against a 13 percent increase in the previous quarter.


Fashion company Shein has confidentially filed to go public in the United States, according to two sources familiar with the matter, in what is likely to be one of the most valuable China-founded companies to list in New York.







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