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Financial

Nike sales crimped by pandemic, shipping issues; forecast disappoints

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Financial

China’s JD.com cashes in on steady online demand, beats market expectations

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Financial

SoftBank-backed Grab in talks to go public in nearly US$40 billion SPAC deal – sources

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Online marketplaces

SoftBank-backed Coupang surges to over US$100 billion valuations in debut

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New Prada CEO
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Prada bags sales boost from China rebound, online shift

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Fashion & accessories

Gap mulls sale of China business

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Financial

Aerie powers American Eagle to best first-quarter sales in three years

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Payments

Klarna funding round makes it Europe’s most valuable startup at US$31bn

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Financial

Gucci owner Kering invests in resale platform Vestiaire Collective

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Financial

China’s Weibo hires banks for Hong Kong secondary listing – sources

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Luxury

Sales at Kering’s Gucci luxury brand fall on Covid-19 hit

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Online marketplaces

SoftBank-backed Coupang reveals revenue surge ahead of US IPO

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Luxury

LVMH, Rihanna ‘suspend’ Fenty fashion label

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Health & beauty

Shiseido confirms sale of consumer business for US$1.5 billion

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Online marketplaces

Alibaba beats revenue forecast as Chinese regulators hover

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Workforce

Amazon’s Bezos to step down as CEO; quarterly revenue tops $100 billion

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Financial

Levi Strauss forecast disappoints as pandemic resurgence shutters stores

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Financial

Apple revenue accelerates after record iPhone sales, China strength

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Food & beverage

Starbucks global sales fall despite Chinese boost

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Fashion & accessories

More carats and sparkle: How LVMH plans to change Tiffany

Reuters
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