Chinese online group discounter Pinduoduo Inc priced its U.S. IPO at $19 per American depositary share (ADS), raising $1.63 billion in the second-biggest U.S. float by a Chinese firm this year, according to sources.
Struggling mother and baby products retailer Mothercare is reportedly planning a new marketing push as it works to revive its business in the face of a CVA that will see a large number of store closures and job losses.
Swiss lingerie/outdoor group Calida (parent company to brands Lafuma, Aubade, Millet, Eider, Oxbow) has reported a 10.7% rise in sales in H1 2018, driven chiefly by the eponymous lingerie and homewear label.
Facebook shares plummeted on Wednesday after executives said that profit margins would plummet for several years due to the costs of improving privacy safeguards and slowing usage in the biggest advertising markets.
Bonmarché had mixed news on Thursday as it latest trading update showed that online sales continue to boom but like-for-like sales in stores remain weak. However, the company is upbeat and is seeing signs of progress.
Moncler has been shaking up its business in recent periods with a new approach to design. But is its shake-up paying off? It certainly looks like it as its Genius collections are driving renewed interest in the brand.
Visa Inc, the world’s largest payments network, topped analysts’ estimates for third-quarter profit on Wednesday, as an expanding U.S. economy encouraged more people to spend using their credit and debit cards.