Amazon targets social commerce entry with acquisition of India’s GlowRoad Amazonsocial commerce in an all-cash deal, marking the e-commerce platform’s entry into the social commerce space already occupied by platforms such as Whatsapp and Facebook where users sell their wares. Both GlowRoad…
Indian banks to start debt recovery proceedings against Future Retail, say sources By Reuters API Indian lenders are set to initiate debt recovery proceedings against Future Retail Future, hit by the pandemic, has been struggling to pay off its debt…
Bravissimo still hurt by pandemic but revenue and profits begin to recover Lingerie Specialist Bravissimo has filed its accounts for the year ending October 2021 with the company saying that it was the second year in which it felt the…
Poshmark posts record fourth-quarter GMV, revenues U.S. marketplace Poshmark Looking ahead, Poshmark said it expects first-quarter revenuesto fall between $86 million and $88 million, while adjusted losses are forecast to be between $7 million and $9 million – Poshmark The…
More misconduct allegations against Guess’ Paul Marciano GuessPaul Marciano More misconduct allegations against Guess’ Paul Marciano. – Facebook: Marciano In a press conference on Thursday, four new women shared their personal experiences with Marciano and also revealed a lawsuit against…
Guess: Marciano brothers retain board of directors’ seats Translated by Nicola Mira Last Friday, the shareholders’ AGM of US fashion group Guess Paul Marciano in a 2021 Guess promotional clip – Capture d’écran Guess/Youtube It was an atypical AGM for…
Kohl’s braces for bidders revising down offers By Reuters Bidders competing to acquire Kohl’s Reuters The bidders, which include private equity firm Sycamore Partners, brand holding firm Franchise Group, and J.C. Penney investors Simon Property Group Starboard Value-backed Acacia Research…
Urban Outfitters posts record quarterly sales; inflation, business costs drag down profits Urban Outfitters Salesincreased 13.4% to a record$1.05 billion for the quarter ending April 30 – Urban Outfitters The Philadelphia-based company said net sales increased 13.4% to a record $1.05 billion…
Turkey’s FLO in talks to take over Reebok’s stores in Russia Turkish shoe retailer FLO Magazacilik is in talks to buy more than 100 stores owned by fitness brand Reebok Reebok Ziylan said a deal had not been finalised, denying…
Recover closes $100 million minority investment Materials science company Recover announced on Thursday the closing of a new $100 million minority equity capital investment. Recover closes $100 million minority investment. – Recover The investment was led by the sustainable investing…
