BusinessMember
What took so long? Inside Victoria Beckham's long road to profitability
Victoria Beckham Holdings Ltd reported an operating profit for the first time since it was created in 2008, the company announced on Monday. It rose 15 percent to 129.8 million pounds (175.7 million dollars) in the year to the end of December, marking the fifth consecutive year of double-digit revenue growth. It also posted a pre-tax profit of...
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BusinessMember
Shein IPO: why has the ultra-fast fashion leader accepted a 75 percent discount?
The traditional gong of the Hong Kong Stock Exchange sounded this Tuesday morning for a company that would have undoubtedly preferred a different tune. Shein debuted with a valuation of approximately 26.5 billion dollars, before its stock fell by almost 10 percent within the first few hours of trading. In 2022, private investors had valued the...
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