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Retail And Consumer Industry

All articles tagged with #retail and consumer industry

mergers-and-acquisitions1 month ago•5 min saved

GoPro forms cash-backed tie-up with Starman to boost US-made AI optics

GoPro announced a definitive merger with Starman Optical in a roughly $285 million cash deal, with GoPro shareholders receiving $1.14 per share and maintaining about 10% ownership post-close; GoPro’s debt (~$92 million) will be repaid, yielding a substantially debt-free balance sheet. The deal expands GoPro into AI infrastructure via Starman’s optical transceivers, with production expected in the United States (New Jersey) aided by a $37.5 million New Jersey tax credit. GoPro will remain a listed company and continue supporting its consumer products, subscriptions, and growth plans. The announcement sparked a sharp stock rally and followed news that YouTuber Markiplier built an ~8.5% stake, underscoring investor interest amid questions about Starman’s history and the timing of the deal.

via Financial Times|

#gopro-inc #mergers-and-acquisitions #retail-and-consumer-industry

$Shein’s IPO loses shine as Hong Kong listing targets a fraction of its peak value$

business1 month ago•8 min saved

Shein’s IPO loses shine as Hong Kong listing targets a fraction of its peak value

Shein’s long-gestating public listing is finally moving forward in Hong Kong at roughly a $25.7–$26.8 billion valuation—about a quarter of its 2022 peak—after years of regulatory scrutiny, tax-exemption changes, labor and Xinjiang-related concerns, and rising competition from Temu; the company seeks to raise about $1.7–$1.8 billion, has shifted focus from London to Hong Kong, and disclosed a Q1 net loss while signaling pricing adjustments to offset higher tariffs, illustrating a geopolitically charged, cautious path for ultra-fast fashion IPOs.

via Financial Times|

#asia-pacific-companies #business #chinese-business-and-finance

business2 months ago•4 min saved

Tepid Debuts for Jersey Mike’s and Reformation Signal Cautious Consumer IPO Mood

Two debt-laden consumer IPOs—Jersey Mike’s and Reformation—drew tepid investor interest: Jersey Mike’s priced at $23 and closed at $21.63, while Reformation finished near flat at $15.08, underscoring cautious appetite for branded consumer offerings despite a busy week for listings; proceeds will primarily pay down debt (about $2.1 billion for Jersey Mike’s) and fund expansion plans (Jersey Mike’s targets up to 15,000 stores; Reformation looks to grow in the UK, Canada and France).

via Financial Times|

#business #equities #ipos

business4 months ago•3 min saved

General Mills exits Häagen-Dazs shops in China as brand shifts to local management

General Mills is selling its Häagen-Dazs ice cream shops in mainland China to a group of investors led by Ningji, under a license to use the Häagen-Dazs brand; the deal signals a shift toward local management for foreign brands in China and is expected to close later this year with terms undisclosed.

via Financial Times|

#business #china #general-mills

retail-and-consumer-industry7 months ago•5 min saved

Breitling’s value halved by private equity owners amid growth-headwinds

Breitling’s private-equity owners have slashed its valuation to as little as half its 2023 level, as weak demand, a costly store rollout, and US tariffs weigh on performance. CVC and Partners Group are reviewing strategy and considering cost cuts, with the potential for an IPO in the 2027–2029 window.

via Financial Times|

#breitling #cvc-capital-partners #luxury-watches