Sea, a Southeast Asian startup backed by Tencent, has filed for a U.S. IPO of up to $1 billion. Similar to Tencent, it has built a platform spanning retail and payments around a profitable gaming business.
Unilever has agreed to buy cosmetics firm Carver Korea for 2.27 billion euros ($2.71 billion) from Goldman Sachs, Bain Capital and the company’s founder as it expands its beauty and personal care business.
The French brand announced that it has taken direct control of its activities in Spain. After a deal with the Basi family, Lacoste controls 100% of BASI Group, which oversaw the brand's Spanish operations since 1962.
Vaultier7 (V7) is a new investment fund focusing on start-up companies in the cosmetics, wellness and lifestyle sectors. The London-based fund is backed by a number of investors, amongst them the Puig family.
Sweden's H&M and Britain's Topshop/Topman are ultra-successful at driving engagement through image posts on social media, a new report shows. Meanwhile Forever 21 also does well but Zara and Mango struggle.
River Island saw lower operating profit last year even though sales rose and it blamed that familiar scenario, the “challenging” retail environment. But it also ploughed money into tech and expects to reap the rewards.