Robinsons Retail Holdings’ investment arm New Day Ventures, Alibaba International Digital Commerce Group and existing investor Insignia Ventures Partners participated in a second Series A …
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Salomon’s XT-6 Sneakers Help ‘Sportstyle’ Division to Sales of $165 Million Through Q3
Salomon Sportstyle — the division responsible for the outdoor brand’s fashion-forward adaptations of its trail running footwear and apparel — generated over $165 million in …
Prada Buys New York Fifth Avenue Store Building for $425 million
Italian fashion house Prada has paid $425 million to buy the building on Fifth Avenue in New York which currently hosts its store, the company …
Rolex Fined $100 Million for Thwarting Online Watch Sales
Rolex was fined about $100 million by France’s antitrust agency for pursuing an illegal decade-long crackdown on distributors selling the Swiss firm’s luxury watches online. …
Worldview: Li Ning Plunges on $282 Million HK Property Bet
🇨🇳 Li Ning plunges on $282 million HK property bet. Li Ning Co Ltd. shares plunged as investors disapproved of plans to buy a commercial …
Gulf Luxury Recommerce Market to Hit $780 Million by 2026, Chalhoub Group Forecasts
The luxury re-commerce market in the Gulf region is expected to hit a value as high as $780 million by 2026, up nearly 60 percent …
Castore Raises £145 Million in Funding Round
The activewear label announced that it secured growth investment in a funding round led by Raine Partners, the equity arm of investment firm The Raine …
Billionaire Separation Erases $180 Million at India Fabric Maker
Raymond Ltd., one of the world’s biggest producers of suit fabric, fell for the seventh day in Mumbai as the acrimonious separation between its billionaire …
Saks Owner Raises $340 Million After Retailer Didn’t Pay Vendors For Months, Sources Say
NEW YORK – Saks Fifth Avenue owner Hudson’s Bay Company has raised $340 million to help fund its retail operations. The group announced the fresh …
Inside Formula 1′s $500 Million Vegas Splurge
From a sporting perspective, Formula 1′s marquee race in Las Vegas this weekend will have little effect on the outcome of the overall competition. Red …
Fashion Recycling Platform SuperCircle Raises $7 Million
Fashion recycling platform SuperCircle has raised $7 million in a pre-series A financing round. The reverse logistics business, which has developed a digital platform to …
Brazil’s Natura Sells The Body Shop to Aurelius in $254 Million Deal
Brazilian cosmetics maker Natura &Co said on Tuesday it has signed a binding agreement to sell subsidiary The Body Shop to private investor Aurelius Group …
Richemont Says Yoox Net-a-Porter Lost $137 Million In First Half As Sales Fell 10%
Richemont reported a six-month operating loss of €0.7 million in its “discontinued operations” unit comprising Yoox Net-a-Porter (YNAP), citing continued losses at the e-commerce group …
Unilever Ventures Invests $2.5 Million in Indian Personal Care Line
Wishcare, an India-based haircare and skincare brand has raised 20 Rs crore (about $2.5 million) from Unilever Ventures in its first funding round. The three …
Adidas Gets €350 Million Yeezy Boost Amid Turnaround Push
Adidas AG made about €350 million ($374 million) in sales from Yeezy shoes in the third quarter as the company whittles down its inventory of …
E.l.f. Acquires Naturium in $355 Million Bet on Skin Care
E.l.f. is ramping up its ambitions to become the next big beauty conglomerate. On Tuesday, the digital disruptor announced a definitive agreement to acquire indie …
Adidas Signs £900 Million Shirt Deal With Manchester United
Adidas AG agreed to extend its shirt-sponsorship deal with English football club Manchester United in one of the biggest tie-ups in Premier League history. The …
Adidas Swamped With $565 Million in Orders for Unsold Yeezy Shoes
Adidas got orders worth more than €508 million ($565 million) for 4 million pairs of unsold Yeezy shoes, better than the company’s “most optimistic forecast,” …
Adidas Claims Ye Mishandled Over $100 Million Marketing Fund
Beneath the very public collapse of Adidas AG’s multibillion-dollar sneaker deal with Ye is a private legal battle over a $100 million-a-year marketing fund. The …
Selena Gomez Sells $70 Million of Blush a Year as Brand Booms
Selena Gomez keeps beating the odds. The 30-year-old has avoided the potential pitfalls of child stardom to become an even bigger celebrity as an adult with …