SSENSE Lenders Push for Quick Sale Amid Struggling Finances SSENSE, the renowned e-tailer that seamlessly blends commerce and culture, has found itself in a precarious position as its lenders are now seeking a rapid sale of the struggling fashion retailer. The company, which garnered private investments in 2021 amounting to a valuation of over 5 […]
Klarna, Backers Seek $1.27 Billion in IPO After Tariff Pause
Klarna, Backers Seek $1.27 Billion in IPO After Tariff Pause The US IPO market is poised to continue a hot streak of recent activity into the coming months. With the global economy facing unprecedented challenges and uncertainties, companies are looking for innovative ways to secure funding and drive growth. Klarna, a Swedish fintech giant, is […]
Ssense: What Went Wrong
Ssense: What Went Wrong The once-promising Montréal-based company, Ssense, has recently made headlines for all the wrong reasons. The decision to file for bankruptcy protection has left many industry insiders questioning what went awry for the online retailer. While tariffs may have been the immediate cause of this downfall, it seems that the problems run […]
Dick’s Raises Its Outlook on Strong Sporting Goods Demand
Dick’s Raises Its Outlook on Strong Sporting Goods Demand Dick’s Sporting Goods, the renowned activewear and sporting goods retailer, is gearing up for a significant financial upturn. The company recently announced that it is set to close the $2.4 billion deal with Foot Locker in September. This strategic move is a clear indicator of Dick’s […]
India’s Textile Sector Reels as US Imposes 50%
India’s Textile Sector Reels as US Imposes 50% Tariffs In recent times, the Indian textile sector has been facing a turbulent period as the United States, one of its major export markets, decided to impose a staggering 50% tariff on certain textile products. This move has sent shockwaves through the industry, with some apparel and […]
Proya Misses Sales Estimates, Seeks Hong Kong Listing
Proya Misses Sales Estimates, Seeks Hong Kong Listing Proya, the renowned China-based skincare brand, recently faced a setback as it reported lower-than-expected revenue growth. The company, known for its innovative products and strong market presence, fell short of sales estimates, causing a stir in the industry. However, Proya is not one to back down in […]
Luxury’s Untapped Opportunity in Men’s Jewellery
Luxury’s Untapped Opportunity in Men’s Jewellery The world of luxury fashion has long been synonymous with women’s jewellery, but times are changing. As men across the globe embrace self-expression through accessories, the market for men’s jewellery is experiencing a significant boom. This shift in consumer behavior presents a unique and untapped opportunity for luxury brands […]
Is Now the Moment for $160 Lipstick? Louis Vuitton Hopes So
Is Now the Moment for $160 Lipstick? Louis Vuitton Hopes So Louis Vuitton, the iconic fashion house, has recently made a bold move by unveiling its debut cosmetics line, including a $160 lipstick. This decision has sparked a heated debate within the beauty community about the boundaries of pricing in the industry. The question on […]
Investment Bank Jefferies Downgrades Coty, Stock Price Down 20%
Investment Bank Jefferies Downgrades Coty After Disappointing Q4 Results Investment bank Jefferies recently made a significant move in the financial market by downgrading the American beauty giant Coty. This decision came on the heels of Coty reporting worse-than-expected fourth-quarter results, which led to a sharp decline in its stock price, dropping by a notable 20%. […]
Victoria’s Secret Plus-Size Brand Founder Is Out as Sales Lag
Victoria’s Secret Plus-Size Brand Founder Is Out as Sales Lag The lingerie industry has been experiencing a significant shift in recent years, with more emphasis on inclusivity and body positivity. As part of this change, Victoria’s Secret launched a plus-size brand to cater to a broader range of customers. However, the founder of this venture […]