+++ Perfect Moment, the high-end fashion and sportswear brand founded by Thierry Donard, has closed a $6 million bridge loan financing in preparation for an IPO on Nasdaq later this year +++
Related articles
- News briefs
Li & Fung launches digital incubator as a separate company
Li Fung , the sourcing giant headquartered in Hong Kong, is launching LFX , a new and separate company designed to capitalize on new digital opportunities that can transform the retail industry and enable sustainability along the supply chain. Described as “an incubation, investment and operating platform,” LFX ...
- News briefs
Asos issues a £500 million convertible bond
After its publication of excellent results for the first half ended Feb. 28, Asos announted an offer to sell £500 million (€577.5m-$686.6m) in senior unsecured guaranteed convertible bonds due in 2026. The bonds are being offered by the company’s wholly-owned subsidiary Cornwall . The proceeds will be ...
ArticleReportedly planning to go public, Signa Sports United boosts management
Signa Sports United (SSU) , the online sporting goods retailing group controlled by Signa Retail , is in talks to go public through a merger with a blank-check SPAC company, Reuters reported. Quoting “two people familiar with the matter,” the news agency says the company is in preliminary talks ...
More Corporate and M&A
- News briefs
Technogym’s founder enters Forbes’ World’s Billionaires List
Nerio Alessandri , the founder and CEO of Technogym , has entered for the first time Forbes ’ World’s Billionaires List with an estimated real net worth of $1.3 billion as of April 12, 2021. Forbes ’ annual World’s Billionaires List has reached its 35th edition this year. At the ...
- News briefs
Sports Direct’s parent company warns Covid-19 could cost more than £200 million
Frasers Group , the parent company of Sports Direct , has warned that it could take a hit of more than £200 million (€230m-$275m) due to Covid-related restrictions. This would be double the previous estimate it had made in February, when the company said it expected that the pandemic crisis ...
- Article
StockX’s value surges to $3.8 billion
StockX , the American online market for sneakers, raised $195 million in a secondary tender offering by some of its employees’ shares and an additional $60 million in Series E-1 primary shares at a $3.8 billion valuation. Altimeter Capital led the all-cash offer, with the participation of existing investors ...
