Asos is raising £80 million from shareholders and borrowing £275 million from Bantry Bay Capital, the specialist lender which recently bailed out troubled retailers Superdry …
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Raises
Abercrombie & Fitch Raises 2023 Sales Forecast
Abercrombie & Fitch Inc on Wednesday reported a surprise quarterly profit and raised its annual sales forecast, as the apparel retailer bets on its efforts …
Report: Shein Raises $2 Billion at a Lower Valuation
The latest funding round for the Chinese fast fashion behemoth, now based in Singapore, values the company at $66 billion, according to a report in …
T.J. Maxx Parent Raises Profit View as Cost Pressures Ease
TJX Companies Inc. lifted its annual profit forecast on Wednesday, banking on easing cost pressures to cushion a pullback in consumer spending on discretionary items. …
LVMH Raises €1 Billion in Oversubscribed Bond Sale
Investors piled in for LVMH’s first debt sale in three years, as the luxury goods maker seized on stellar quarterly results as well as calmer …
Beiersdorf Raises 2023 Sales Outlook
Nivea maker Beiersdorf raised its full-year sales guidance on Wednesday, as it reported a 12.2 percent hike in preliminary organic group sales in the first …
Cucinelli Raises Sales Growth Forecast for 2023
Italian luxury group Brunello Cucinelli on Wednesday raised its sales growth guidance for 2023 to 15 percent, up from its previous estimate of 12 percent, …
Virtual-Fashion Brand DressX Raises $15 Million
The company has emerged as a top player in digital fashion since its launch in 2020. Greenfield Capital, a Berlin-based fund focused primarily on early-stage …
Conscious Marketplace Powered By People Raises $13.6 Million
Powered By People, the Canadian wholesale marketplace that connects fashion, home goods and jewellery buyers in North America and Europe with small-batch producers in roughly …
Primark Owner Raises Outlook on Consumer Resilience
Primark owner Associated British Foods on Monday raised its financial guidance for full year 2022-23, saying consumer spending had proven to be more resilient than it …
Tapestry Raises Annual Profit Forecast
Luxury group Tapestry Inc raised its annual profit forecast on Thursday, helped by resilient demand and its strategy to largely use company-owned stores and its …
E.l.f. Beauty Raises Full Year 2023 Outlook
The beauty company today said its net sales grew by 49 percent in the third quarter ended Dec. 31, 2022, to $146.5 million. Analysts were …
Swatch Group Raises Prices For Omega SpeedMaster Watches, Following Rolex’s Lead
Luxury watch conglomerate Swatch Group AG raised prices across a slew of its brands, increasing the cost of the flagship Omega Speedmaster by about 7 …
Digital Fashion Platform Founded by Ex-Luxury Executive Raises $9.5 Million
Syky, created by a fashion veteran who held top roles at Ralph Lauren and Burberry, closed a funding round led by Seven Seven Six, the …
What to Watch the Week of January 1, 2022: Ginny & Georgia Season 2 Raises the Stakes
Lisa Ann Walter with Blaiz Bahal Baker in this Wednesday’s episode of Abbott Elementary Gilles Mingasson/ABC The Price Is Right at Night (CBS): The special …
Lanvin Group Raises $150 Million in Public Debut
Shanghai-based Lanvin Group began public trading in a ceremony at the New York Stock Exchange Thursday. The company, owned by China’s Fosun International, is hoping …
Lululemon Raises Annual Revenue Forecast on Strong Demand for Sportswear
Lululemon Athletica Inc raised full-year revenue forecast on Thursday, signaling strong demand from affluent US consumers for its high-priced yoga pants, running shorts and belt …
Resale Platform Archive Raises $15 Million Series A Round
The software company powers resale for brands including Oscar de la Renta, Sandro and The North Face, among others. Creating tailored resale programmes for each …
Accessories Rental Platform Vivrelle Raises $35 Million
The New York City-based rental company, which offers users monthly access to accessories like Chanel handbags and Hermes jewellery, has closed its $35 million Series …
Rolex Raises Prices in Europe for Second Time This Year
Rolex SA raised retail prices for its watches in Europe for the second time this year due to currency fluctuations including the strong US dollar. …