Boohoo Group Plc raised £39.3 million ($49.8 million) in an attempt to help turn around the struggling business, while urging investors to reject billionaire Mike …
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Raises
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 …
Warby Parker Narrows Losses, Raises Full-Year Revenue Projections
Warby Parker is inching closer to full profitability. The eyewear maker reported a 13 percent year-over-year increase in revenue to $192 million in the third …
Ralph Lauren Raises Outlook, Bucking Broader Luxury Slowdown
Ralph Lauren Corp. raised its outlook for the year, citing strong sales in Europe and Asia and expectations for a solid holiday shopping season. The …
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 …
Beauty On-Demand Provider Ruuby Raises $2.6 Million
Ruuby, the British on-demand beauty services provider founded by entrepreneur Venetia Archer in 2016 has raised $2.6 million in an investment round led by Manchester-based …
Adidas Raises 2024 Guidance Again, Citing Good Brand Momentum
Adidas on Tuesday raised its full-year sales and profit guidance, citing better than expected performance in the third quarter and good brand momentum as it benefits …
TJ Maxx Parent Raises Annual Profit Forecast After Strong Second Quarter
Off-price retailer TJX Cos raised annual profit forecast after quarterly results beat estimates on Wednesday, banking on gains from easing costs and strong demand for its …
Amer Sports Raises Guidance After Strong Second-Quarter Earnings
Finnish sports conglomerate Amer Sports said sales at its Arc’teryx and Salomon brands grew by double-digit percentages, helping the company narrow its losses and beat …
Pandora Raises Full-Year Growth Outlook as Broader Product Range Pays Off
Pandora, the world’s biggest jewellery maker, raised its full-year growth outlook on Monday, presenting a more upbeat outlook than some other consumer goods companies as …
Next Raises Guidance as British Retailer’s Sales Soar Abroad
Next Plc raised its guidance for the year after the British fashion and homewares company said shoppers ordered more of its products from abroad. The …
Chanel Raises €700 Million From High-Grade Private Debt Market
Chanel has raised over €700 million ($758 million) from a privately-placed bond sale, people with knowledge of the matter said. The London-based luxury fashion house …
Deckers Outdoor Raises FY Profit Target on Strong Hoka, Ugg Demand
Deckers Outdoor raised its annual profit forecast after beating first-quarter estimates on Thursday, betting on strong demand for the footwear and apparel firm’s Hoka sneakers …
Douglas Raises Sales Forecast, Divests Pharmacy Business
On Wednesday, Germany-based beauty retailer Douglas upgraded its sales forecast, predicting growth of 8.5 percent this fiscal year, up 1.5 percent from its previous outlook. …
L Catterton Group Raises $756 Million in Birkenstock Share Sale
Private equity firm L Catterton and a group of employees of Birkenstock Holding Plc raised $756 million on Wednesday from the sale of a block …
Lululemon-Backed Recycler Samsara Eco Raises $65 Million
Lululemon-backed plastics recycler Samsara Eco has raised $65 million to help scale its operations. The Australian company uses enzymes to recycle plastics like polyester and …
Julie Bornstein’s New AI Start-Up Raises $50-Million Seed Round
Daydream, a new AI-based shopping platform from retail and e-commerce veteran Julie Bornstein, has raised $50 million in seed funding. Co-leading the round were Forerunner …
Abercrombie Raises Outlook, Extending ‘90s Fashion Comeback
Abercrombie & Fitch Co. raised its full-year outlook after it blew past first-quarter sales estimates and extended its bounce back from the teen fashion graveyard. …
H&M-Backed Textile Recycler Syre Raises $100 Million
Polyester recycling company Syre has raised $100 million to help finance construction of a pilot plant in the US this year, pave the way to …
African Designer Platform The Folklore Raises $3.4 Million
The seed funding round was led by venture capital firm Benchstrength and included participation from investors Techstars, Black Tech Nation Ventures and Slauson and Co. …