Cosmetics giant L’Oréal SA is selling a €3 billion ($3.1 billion) stake in Sanofi back to the French drugmaker, cashing in part of its holding …
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Richemont’s Market Cap Surpasses CHF100 Billion
Swiss luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs ($110 billion) for the first time, bolstered by the appeal of its blockbuster …
Ikea Retailer to Invest $1 Billion in Recycling Firms
The investment arm of Ingka Group, the biggest global IKEA retailer, said it will invest €1 billion ($1.03 billion) into recycling companies as it aims …
TikTok Shop Rival Whatnot Raises Funds at $5 Billion Valuation
Whatnot Inc., a livestream shopping platform that competes with TikTok Shop, raised $265 million at a valuation of $4.97 billion in a funding round led …
New Balance’s $10 Billion Plan
Opens in new window When thinking about challenger brands in the sneaker market, New Balance might not be the first name that comes to mind. …
Holiday Online Sales Hit a Record $241 Billion in US, Adobe Says
US e-commerce spending rose 9 percent to a record $241 billion over the holiday period, sparked by widespread discounts, according to data from Adobe. More …
New Balance’s $10 Billion Plan
Opens in new window When thinking about challenger brands in the sneaker market, New Balance might not be the first name that comes to mind. …
Nordstrom Goes Private in $6.25 Billion Deal
The Nordstrom family has finally taken their namesake department store chain private after its board of directors unanimously approved the transaction, the company announced Monday …
Zalando to Buy German E-Commerce Player About You for $1.3 Billion
Zalando SE, the German online fashion retailer, agreed to buy rival About You Holding SE for around €1.2 billion ($1.3 billion), in a bid to …
Neiman Marcus Said To Raise Bond Issuance to $2.2 Billion Amid Strong Investor Demand
A $2.2 billion junk bond deal financing the acquisition of luxury retailer Neiman Marcus Group by the owner of Saks Fifth Avenue Inc. saw strong …
Crocs to Buy Footwear Brand HeyDude for $2.5 Billion
Crocs Inc said on Thursday it would buy privately owned footwear label Heydude for $2.5 billion in a cash-and-stock deal, as the rubber clogs maker …
UK Retailers Warn Reeves of £7 Billion Hit From Budget Tax Rises
Large UK retailers including Tesco, Boots, Marks & Spencer and Next have written to Rachel Reeves to say that a £7 billion increase in annual …
Global Stock of Rolex Submariner Watches Worth Nearly $50 Billion
The total market value of all Rolex Submariner watches ever made is almost $50 billion, based on analysis of the first-ever release of production data …
Vuori Raises Investment at a $5.5 Billion Valuation
American athleisure brand Vuori announced on Friday that it had raised an $825 million investment, led by growth investors General Atlantic and Stripes. This investment …
Next Raises Outlook Again With Profit Set to Top £1 Billion
Next Plc raised its profit guidance for the third time this fiscal year on strong sales, even as British consumer confidence weakens ahead of expected …
US Court Blocks Tapestry’s $8.5 Billion Acquisition of Rival Capri
A US judge blocked the pending $8.5 billion merger of US handbag and accessories maker Tapestry and Capri on Thursday, a victory for the US Federal Trade Commission in …
Worldview | A New Chapter for India’s $165 Billion Tata Group?
🇮🇳 Noel Tata takes indirect control of India’s $165 Billion Tata Group. The billionaire industrialist and philanthropist Ratan Tata, a former group chairman and then …
Alibaba’s Lazada Wants Armani, D&G to Help Hit $100 Billion Goal
Alibaba Group Holding Ltd.’s Lazada is courting top European fashion and design brands to help fend off Asian rivals and eventually reach its goal of …
Shein’s UK Sales Hit $2 Billion Ahead of Possible London Listing
Shein’s UK sales soared to £1.55 billion ($2 billion) last year ahead of the online fashion retailer’s potential initial public offering in London. The company, …
Wall Street Bets on $8.5 Billion Fashion Deal’s Fate in Trial
US antitrust enforcers’ legal battle to kill an $8.5 billion deal marrying Tapestry Inc.’s Coach and Kate Spade brands with Capri Holdings Ltd.’s Versace and …