PayPal Inc said it is not pursuing an acquisition of Pinterest Inc at this time, after several media reported last week that it was in talks to buy the digital pinboard site for as much as $45 billion.
Eco-friendly sneaker maker Allbirds Inc said on Monday it aims to be valued at over $2 billion in its New York IPO, joining a growing number of firms tapping into surging consumer demand for such products.
The company revealed on Tuesday that it will offer some 15 million shares, which it expects to sell for between $18 and $21 apiece. At $21 a share, Rent the Runway’s valuation could hit nearly $1.3 billion.
Fashion rental company Rent the Runway on Monday made public its paperwork for a U.S. stock market flotation, joining a bunch of retailers looking to cash in on the record boom in capital markets since last year.
The Real Leather. Stay Different. International Student Design Competition has announced its first-ever winner: Emily Omesi, a BFA undergraduate at FIT, New York, who beat almost 400 other participants.
U.S. retail sales unexpectedly increased in August, boosted by back-to-school shopping and government child tax credit payments, which could temper expectations for a slowdown in economic growth in the third quarter.
Knowlton Development Corp said on Tuesday it was looking to raise up to $857.14 million through a U.S. initial public offering, valuing the manufacturer for beauty, personal and home care brands at more than $3 billion.
When the world's two biggest fashion groups unveil quarterly sales figures on Wednesday, Inditex is seen back at pre-pandemic levels as stores reopen and people renew their wardrobe, while H&M still has some way to go.