Online spending in the US rose 8.5% to $11.9 billion during Amazon.com Inc.’s two-day Prime Day promotion, according to Adobe Inc., helping boost traffic on …
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Klarna’s Valuation Slashed by $39 Billion Amid Fintech Rout
Klarna Bank AB’s valuation has been slashed to $6.7 billion in its latest funding round, in a dramatic reversal for one of Europe’s most high-profile …
Klarna Discussing Valuation Cut to $6 Billion From $45.6 Billion
Klarna Bank AB is in talks to raise new equity at a valuation as low as $6 billion, a fraction of the $45.6 billion it commanded …
Inside H&M’s $4 Billion Inventory Challenge
Digital disruption and changing consumer behaviours are upending the traditional retail model, leaving established players battling to stave off competition from e-commerce upstarts with lower …
Apollo in Talks to Provide up to $2 Billion in Financing for Kohl’s Sale
Apollo Global Management Inc. is in talks to provide up to $2 billion in debt financing for the potential acquisition of department store chain Kohl’s …
Kering Outlines Plans to Grow Gucci Sales to €15 Billion in Mid-Term
French luxury group Kering outlined plans to increase annual sales of its star label Gucci to €15 billion in the medium term in slides published …
Kering Aims to Double Saint Laurent Sales to €5 Billion
French luxury group Kering aims to double sales at its smaller, fast-growing fashion brand Yves Saint Laurent to 5 billion euros ($5.36 billion) in the …
Recycled Cotton Company Recover Valued at $1 Billion In Goldman Sachs-Led Funding Round
Recover, the Valencia, Spain based producer of recycled cotton fibre and cotton fibre blends for many major fashion brands, has closed a $100 million minority …
New Fund Aims to Unlock $2 Billion in Blended Finance to Tackle Fashion’s Climate Impact
COPENHAGEN — Fashion’s big commitments to curb the industry’s environmental impact come with a hefty price tag. And while many major brands have promised consumers …
Can a $1 Billion Brand Still Have Indie Cred?
On Tuesday, Spanish perfume group Puig announced that it was acquiring Byredo. Puig declined to disclose financial details, but media reports last week estimated a …
Ermenegildo Zegna Targets More Than €2 Billion in Sales
Zegna is aiming to surpass €2 billion ($2.1 billion) in revenue in the next four to five years, up from €1.29 billion last year, the family-controlled …
Boots Suitors Get More Time to Bid for £7 Billion Pharmacy Chain
Walgreens Boots Alliance Inc. is giving bidders more time to lodge final offers for its international drugstore arm, people with knowledge of the matter said. …
Report: Kering Aims To Raise At Least €1 Billion in Bond Sale
Gucci owner Kering SA is snapping the longest dry spell for Europe’s corporate debt sales since 2020, with May’s approach likely to prompt more activity …
Elon Musk Lands Deal to Take Twitter Private for $44 Billion
Billionaire entrepreneur Elon Musk agreed to buy Twitter Inc. for $44 billion, using one of the biggest leveraged buyout deals in history to take private a 16-year-old …
JCPenney Owners Offer $8.6 Billion for Kohl’s, NY Post Reports
Simon Property Group and Brookfield Asset Management are offering to acquire retailer Kohl’s Corp. in a deal that would be worth more than $8.6 billion, …
Reliance Calls Off $3.4 Billion Retail Deal With India’s Future Group
India’s top retailer Reliance on Saturday called off its $3.4 billion deal with Future Group, saying it “cannot be implemented” after Future’s secured creditors rejected …
The Debrief: Why Shein Is Valued at $100 Billion
To subscribe to the BoF Podcast, please follow this link. Background Fast fashion upstart Shein set the industry ablaze this month after reports it was …
Why Shein Might Be Worth $100 Billion, in Four Charts
Chinese e-commerce giant Shein has upended the retail industry by figuring out how to make clothes even quicker and cheaper than fast-fashion brands that came …
Shein Raising Funds at $100 Billion Value
Chinese fast fashion e-commerce start-up Shein is weighing a funding round at a valuation of about $100 billion, according to people familiar with the matter. …
Fashion Startup Shein Raising Funds at $100 Billion Value
Chinese fast fashion e-commerce startup Shein is weighing a funding round at a valuation of about $100 billion, according to people familiar with the matter. …