Search

Vestiaire Collective CEO, Max Bittner, has stated that the company will not go public until it becomes profitable. Bittner acknowledges that the current macro environment is not conducive to an IPO, but he believes that profitability can be achieved within the next 12 months. The growth of Vestiaire Collective's business in the U.S. is seen as crucial for attracting potential investors and supporting an IPO. The company, founded in Paris in 2009, aims to make the fashion industry more sustainable by facilitating the buying and selling of pre-loved luxury fashion items. [Extracted from the article]

Saks Fifth Avenue and Neiman Marcus are reportedly in the final stages of a $3 billion deal that would bring the two luxury department stores together. The financing for the deal is said to be coming from European e-commerce giant Zalando and Indian retail and real estate player Reliance. The involvement of Zalando and Reliance could provide new connections for Saks and Neiman Marcus in Europe and India, respectively. The deal is expected to face a lengthy period between signing and closing, and it comes at a time of increased regulatory scrutiny in the fashion industry. [Extracted from the article]

Spanish beauty and fashion company Puig has announced its plans to apply for an initial public offering (IPO) on the Barcelona, Madrid, Bilbao, and Valencia Stock Exchanges. The IPO aims to raise 2.5 billion euros and will consist of a primary tranche of new shares and a secondary offering of shares by Puig SL, the company's controlling shareholder. The funds raised will be used to finance acquisitions and other investments. Puig, which has been family-owned since 1914, operates in 32 countries and owns brands such as Rabanne, Charlotte Tilbury, and Carolina Herrera. [Extracted from the article]

WME Fashion, a division of William Morris Endeavor, is launching an incubator program for aspiring creators and managers in the fashion industry. The three-month program will include courses on various topics such as finance, digital and social media, and working with talent and celebrities. The program aims to educate and create a community for six aspiring creatives and six aspiring managers, with the goal of scaling the program in the future. Applicants with at least two years of experience in fashion or a related industry will be considered based on talent, drive, and experience. The program will be spearheaded by Ali Bird, senior vice president of global talent strategy and incubation for WME Fashion. [Extracted from the article]

David Koma, a Georgian-born designer, has been named the new creative director of Blumarine. His first collection for the Italian brand will debut in pre-fall 2025. Koma is known for his sculptural silhouettes and bold cocktail dresses, and his designs have been worn by celebrities such as Jennifer Lopez and Gal Gadot. Blumarine, which was previously designed by Walter Chiapponi and Nicola Brognano, is described as embodying sensuality, glamour, and elegance. The brand was acquired by Marco Marchi in 2019, who also founded the contemporary label Liu Jo. [Extracted from the article]

L'Occitane International SA, a French beauty company, has received enough support to delist from the Hong Kong Stock Exchange. The majority shareholder, Reinold Geiger, initiated an offer to acquire the remaining shares of the company, valuing it at around 6 billion euros. L'Occitane plans to suspend its shares starting August 7. The decision to go private is in response to industry dynamics and the pressures of operating as a listed company. [Extracted from the article]

Golden Goose CEO, Silvio Campara, discussed the postponement of the company's initial public offering (IPO) at FN's Summit. Campara attributed the delay to the current political climate, stating that elections in Europe and the UK are affecting the financial market. He emphasized the importance of experiential marketing and innovation, highlighting Golden Goose's investment in building stores that offer customers a unique experience with their footwear. Campara also mentioned the success of their Younique cafe store concept in Asia and their plans to expand it in the future. [Extracted from the article]

The article discusses the current state of the beauty industry, specifically focusing on the makeup and skincare sectors. It highlights that while there are several color cosmetics brands in the market, they have yet to find success in terms of deals and transactions. On the other hand, the skincare sector is showing signs of life, with new players like Byoma entering the market. The article also mentions specific brands that have hired bankers for potential deals, such as Glossier, Kosas Cosmetics, Rare Beauty, Merit, and Jane Iredale. However, some of these brands have faced challenges, such as Glossier's profitability numbers not meeting investors' expectations. In the skincare sector, Glow Recipe and Osea are also mentioned as brands that may be exploring deal options. Overall, the article suggests that the makeup sector is experiencing a slow start in terms of deals, while the skincare sector is seeing more activity. [Extracted from the article]

The highly anticipated initial public offering (IPO) of Golden Goose, a luxury fashion brand, has been postponed due to European market volatility. The company stated that the decision was made in light of the recent deterioration in market conditions following European Parliament elections and the calling of a general election in France. Despite the postponement, Golden Goose continues to perform well and the management and shareholders believe that the current market backdrop is not conducive to a successful IPO. The luxury goods market is also expected to slow down this year, with dampened consumer confidence in key markets like China and the U.S. [Extracted from the article]

The article reports that the admission to listing of Golden Goose shares on Euronext Milan has been approved by Borsa Italiana and Italy's watchdog CONSOB. The initial public offering is expected to take place on June 21, with a price range set between 9.50 and 10.50 euros. The IPO aims to strengthen the company's capital structure, reduce debt, and allow for operating investments. Golden Goose, known for its luxury sneakers, has been praised for its personalized offerings and strong brand reputation. The company's IPO is seen as a positive example of a niche brand going public without diluting its brand identity. [Extracted from the article]

Kim Kardashian's brand Skims is expanding into brick-and-mortar stores, with the first permanent store opening in Georgetown, D.C. The store will initially carry women's products, with men's products to be added later. Skims plans to open additional stores in Aventura, Austin, Houston, and Atlanta. The company sees physical retail as a way to deepen its relationship with customers and unlock further growth. Skims has previously operated pop-up stores and collaborations, but this move marks its entry into permanent retail locations. [Extracted from the article]

The article discusses an upcoming event called the FN Summit, which will bring together influential figures in the footwear industry. The summit will cover various topics such as hot markets, retail innovations, the AI revolution, and diversity, equity, and inclusion. Notable speakers include the president and CEO of Deckers Brands, the retired brand architect and new president of Crocs, the CEO of Golden Goose, the chief commercial officer of On, the chief merchandising officer of Saks, the president of Aldo Product Services, and the CEO of Aetrex. The event will also address important issues like corporate diversity and the impact of AI on the industry. [Extracted from the article]

Golden Goose CEO Silvio Campara and chief corporate officer Paolo Dal Ferro have confirmed the launch of Golden Goose's initial public offering (IPO) in Milan. The IPO aims to strengthen the company's capital structure, reduce debt, and expand the community of customers. The IPO will take place on the Euronext Milan, with a minimum of 25% of total issued and outstanding share capital being floated. Campara stated that the IPO is just the starting point for the company's journey and that they aim to grow by geography, channel, and product offer. Golden Goose currently has 191 stores and plans to consolidate brand awareness in established markets while expanding into emerging markets. The company's mission is to unleash self-expression through authenticity and uniqueness. The IPO is expected to attract quality investors and showcase Italy's ability to innovate and create. [Extracted from the article]

Shein, the Chinese online retailer, is seeking to change U.S. regulations so that it pays more tariffs on its products. The company, which has faced criticism for various issues including skirting U.S. tariffs and using forced labor in China, wants to become more transparent and comply with all laws. Shein's executive chairman, Donald Tang, stated that becoming a publicly traded company would help foster transparency. The company is also working to address concerns about its use of Xinjiang cotton and is exploring manufacturing in Mexico to avoid allegations of forced labor. [Extracted from the article]

Tory Burch has announced the appointment of a new North America President. The article also mentions other topics such as Dior's collaboration with Stone Island, the challenges faced by Matches founders Tom and Ruth Chapman, and Mytheresa's potential buyout and bid for Net-a-porter. Additionally, it highlights the 30th anniversary of the Breast Cancer Research Foundation and the upcoming Hot Pink Party where William P. Lauder will be honored for his efforts in continuing the fight against breast cancer. [Extracted from the article]

Perfect Moment, a skiwear brand, has launched a resale program called Perfect Second Moment in partnership with luxury platform Reflaunt. The program allows customers to trade in their pre-owned skiwear, accessories, and activewear, extending the longevity of Perfect Moment's high-quality luxury items. Reflaunt's technology removes the hassle of listing items and finding buyers on resale marketplaces, and customers receive a gift card to use at Perfect Moment. The service is currently available to U.S. customers, with plans for a wider rollout in the U.K. and Europe. [Extracted from the article]

Puig, the owner of brands such as Rabanne, Carolina Herrera, and Jean Paul Gaultier, has become a publicly traded company, raising 2.6 billion euros for its founding family on its first day of trading. The initial public offering (IPO) valued Puig at 13.9 billion euros and was multiple times oversubscribed. The IPO is the largest in Europe in 2024 and the biggest in Spain since 2015. Puig operates in 32 countries with 17 brands, and the majority of its net revenues come from its fully or majority-owned brands. [Extracted from the article]

Olaplex, a hair care company, experienced a decline in sales during the first quarter of the year. Net sales dropped by 13.1% to $98.9 million, with decreases seen across different channels. While sales in the U.S. increased by 2.5%, international sales fell by 24.3%. Net income and adjusted net income also decreased significantly. Despite these challenges, Olaplex is maintaining its guidance for fiscal 2024 and is aiming to stabilize its business. The company's share price increased by 17.14% at market close. Olaplex CEO Amanda Baldwin highlighted the brand's success in the prestige market and mentioned plans for product development and a new campaign. The decline in sales was partially attributed to distributor rationalization. Olaplex's direct-to-consumer business was negatively impacted by timing and phasing of shipments. The company's decline in sales comes at a time when the prestige hair care category is growing. In 2023, prestige hair care saw a 14% increase in the U.S. Olaplex, once a successful brand valued at $16 billion, has faced increased competition and other factors that have affected its success. [Extracted from the article]

Puig, a Spanish beauty and fashion company, has unveiled a new corporate logo to coincide with its initial public offering (IPO). The company, which has been in operation for 110 years, aims to run as a public company while maintaining its culture and focusing on the long term. The new logo, created by art and design agency M/M, features a curvilinear shape resembling a fingerprint or blossoming, and incorporates a bespoke typeface called Paralelo. Puig's chairman and CEO, Marc Puig, hopes that the new logo reflects the company's ethos of creativity. [Extracted from the article]

Puig, a beauty and fashion company, has set the pricing for its initial public offering (IPO) at 24.50 euros per Class B share. The company's shares will begin trading on the Spanish Stock Exchanges on Friday. The total offering size is up to 3 billion euros, with a market capitalization of 13.92 billion euros. Puig plans to use the proceeds from the IPO to finance acquisitions and other investments. The Puig family will retain a majority stake in the company after the offering. [Extracted from the article]

L'Occitane, a beauty company, has confirmed its plans to go private and delist from the Hong Kong Stock Exchange. The chairman and director of the company, Reinold Geiger, and his partners have offered to acquire all the shares they do not already hold for about 1.7 billion euros. This move is in contrast to other beauty companies' strategies, such as Puig's initial public offering and Galderma and Douglas floating in Switzerland and Germany, respectively. Going private will allow L'Occitane greater flexibility to pursue investments and implement strategies in the increasingly competitive beauty industry. [Extracted from the article]

Puig, a Spanish beauty and fashion company, has announced plans to start trading in Spain on May 3. The company is conducting an initial public offering (IPO) that could raise a total of 3 billion euros. The IPO will consist of a primary tranche of new shares and a secondary offering of shares by Puig SL, the group's controlling shareholder. The proceeds from the equity raise will be used to finance acquisitions and other investments. Puig operates in 32 countries and owns 17 brands, with its largest sales coming from Rabanne, Charlotte Tilbury, and Carolina Herrera. [Extracted from the article]

Italian footwear brand Casadei has launched on Alibaba's Tmall Luxury Pavilion in an effort to connect with the Chinese market and strengthen its presence in Asia. The move was made possible through a collaboration with Triboo Shanghai, which will manage the digital flagship and oversee Casadei's engagement on local social media platforms. Casadei previously had three stores in China, which closed during the pandemic. The company will also launch pop-up stores across Japan, starting in Osaka and rotating to other cities. Salomon CEO Franco Fogliato has stepped down from his role after three years at the helm of the Amer Sports-owned footwear brand. James Zheng, the CEO of Amer Sports, will lead Salomon on an interim basis until a successor is found. Fogliato joined Salomon in 2021 and is leaving for personal reasons. Amer Sports recently raised $1.37 billion in its initial public offering and reported a revenue increase of 10% in the fourth quarter of 2023. The outdoor performance segment, which includes Salomon, saw revenues grow 18% in 2023. [Extracted from the article]

NRDC Equity Partners and BB Kapital SA have confirmed their acquisition of Galeria Karstadt Kaufhof, a department store business in Germany. The purchase, which lifts Galeria out of bankruptcy, will result in a new store count for the retailer as leases are renegotiated. The exact number of stores that the new owners will operate is still being determined, but the aim is to maintain a local focus and manage Galeria like a medium-sized company. The new owners believe in the future of Galeria and have a plan to ensure its long-term success. [Extracted from the article]

FullBeauty Brands, a company with a long history in plus-size fashion, has acquired Dia & Co., a size-inclusive marketplace and styling service. This is FullBeauty's third plus-size deal in less than a year, as the company aims to attract younger shoppers. FullBeauty already owns several plus-size brands targeting older generations, and with the acquisition of Dia & Co., they hope to expand their business and cater to the younger demographic. Dia & Co. brings in younger shoppers and also offers a styling business that will be integrated into FullBeauty's portfolio of brands. The company sees this acquisition as an opportunity to tap into the $81 billion women's plus market and reach a wider customer base. [Extracted from the article]

Three makeup brands, Glossier, Merit Beauty, and Jane Iredale, have hired bankers to explore potential sale options, including initial public offerings. Glossier has hired Morgan Stanley, Merit Beauty has reportedly tapped Goldman Sachs, and Jane Iredale is working with Jeffries. These brands, along with Rare Beauty and Kosas, are part of a second wave of makeup brands that have grown in size and are now attracting strategic buyers. The makeup industry has experienced a post-pandemic rebound and remains the largest segment in the US prestige beauty market. [Extracted from the article]

Selena Gomez's beauty brand, Rare Beauty, is expanding its blush collection with the launch of the Soft Pinch Luminous Powder Blush. The powder blush, priced at $26 each, offers a pearl-like finish and a water-resistant formula. It is positioned as a hybrid of Rare Beauty's existing Soft Pinch Liquid Blush and Positive Light Silky Touch Highlighter. The collection will be available exclusively on the Sephora app before being released in Sephora stores, Sephora at Kohl's, and RareBeauty.com. In an interview, Gomez discusses the development process of the new blush, her favorite beauty products, and the future plans for Rare Beauty, which include advocating for self-acceptance and mental well-being. [Extracted from the article]

Galderma, a Swiss skin care company, experienced a successful stock market debut with its shares closing up 20.75 percent on the first day of trading. The company's stock price increased from its initial public offering price of 53 Swiss francs to 64 Swiss francs. Galderma's float is expected to be one of the largest in Europe this year. The company, which was established in 1981 as a joint venture between L'Oréal and Nestlé, is present in over 90 countries and has a portfolio of brands including Cetaphil. In 2023, Galderma generated sales of $4.08 billion, and it expects sales to increase by 7 to 10 percent in 2024. [Extracted from the article]

German fragrance and beauty retailer Douglas experienced a drop in shares after its return to the Frankfurt Stock Exchange. The initial public offering (IPO) was priced at 26 euros per share, but the stock opened at 25.50 euros and closed at 23.06 euros. This decline in shares comes as IPOs in the beauty industry are increasing, with Galderma's IPO expected to be one of Europe's largest in 2024. Douglas plans to use the IPO proceeds to pay off debt and inject funds into the company. [Extracted from the article]

Rare Beauty, the beauty brand founded by Selena Gomez, has hired investment banks Goldman Sachs and Raymond James to evaluate potential options for the business. While no formal process has begun, industry sources suggest that the company may explore an initial public offering in the future due to its rapid growth. Rare Beauty, which leverages Gomez's transparency about her struggles with mental health, has been successful in the celebrity brand world. The brand has also committed to donating $100 million to mental health causes over the next decade through its Rare Impact Fund. [Extracted from the article]

Galderma AG, a Swiss dermatology products-maker, is expected to have one of the largest initial public offerings (IPOs) in Europe this year. The company plans to start trading on the SIX Swiss Exchange on March 22, with an IPO that could raise about $2.6 billion. This announcement comes as IPOs in the beauty industry are increasing, with companies like Douglas and Puig also planning to go public. Galderma, which was established in 1981 and is known for its brand Cetaphil, generated sales of $4.08 billion in 2023 and expects sales to increase by 7-10% in 2024. [Extracted from the article]

German omnichannel premium beauty retailer, Douglas Group, has announced plans to launch its initial public offering (IPO) on the Frankfurt Stock Exchange on March 21. The IPO is aimed at helping the company with restructuring and debt reduction. The price range for Douglas shares has been set at 26 euros to 30 euros, with a total market capitalization of 2.8 billion euros to 3.1 billion euros. The IPO comes as other beauty-related companies, such as Galderma Group AG and Puig, also consider going public. After the IPO, new shareholders are expected to hold 29.3 percent to 31.8 percent of the company's share capital. [Extracted from the article]

Galderma Group AG, the maker of Cetaphil products, has announced plans to launch an initial public offering (IPO) on the SIX Swiss Exchange in the coming weeks. The Swiss-based company aims to raise $2.3 billion through the IPO to strengthen its balance sheet by repaying and refinancing debt. Galderma is a leading player in the rapidly expanding dermatological beauty market, with strong positions in injectable aesthetics, dermatological skin care, and therapeutic dermatology. The company generated sales of $4.08 billion in 2023 and expects sales to grow by 7-10% in 2024. Galderma was established in 1981 as a joint venture between L'Oréal and Nestlé and is now owned by EQT Partners and the Abu Dhabi Investment Authority. [Extracted from the article]

Douglas Group, a German beauty retailer, has announced plans to go public on the Frankfurt Stock Exchange in March 2024. The company aims to raise around 1.1 billion euros through the initial public offering (IPO) and an additional equity injection from current shareholders. The IPO will help the company reduce its debt and increase its financial flexibility. After the IPO, the majority ownership of Douglas Group will remain with CVC Capital Partners and the Kreke family. The company's CEO expressed confidence in their omnichannel business model and their position in the growing European premium beauty market. [Extracted from the article]

Alternatively, were Tory Burch to pursue an IPO, the fashion brand would find it has some company and some competition. With two top-shelf financial investors on board, speculation rose that Tory Burch -- a designer who had successfully crossed over and built a big business -- could be bound for some kind of deal or for Wall Street eventually. [Extracted from the article]

Alexandre Arnault, who is the son of LVMH chief Bernard Arnault and executive vice president of products and communications at the company's Tiffany & Co. business, sits on the Birkenstock board. Birkenstock's introduction on Wall Street made it the fourth-largest footwear company trading in New York, by market capitalization. [Extracted from the article]

At the close of its most recent fiscal year, ended June 30, Coty's net debt stood at $4 billion. Coty intends to use the net proceeds of an offering primarily to pay off outstanding debt and also for general corporate purposes, such as making investments, working capital and capital expenditures. On its first day of trading on the professional segment of Euronext Paris Thursday, Coty 1nc.'s stock remained stable, closing the day down about 0.1 percent to 10.39 euros. [Extracted from the article]

BUSINESS * CEO Oliver Reichert said"Birkenstock is more than a shoe.It's a way of thinking, a way of living" Birkenstock has made its move. Birkenstock has been prioritizing twokey markets -- the Americas, which madeup 54 percent of the brand's revenues lastyear, and Europe, which accounted for 36percent of revenues. [Extracted from the article]

Zulily's intellectual property assets, including trademarks, domain names, customer data, and social media accounts, are being sold by Hilco Streambank, offering the brand a chance for a fresh start. Once a leader in the flash sale phenomenon, Zulily's fortunes declined after being acquired by QVC's parent company and subsequently sold to investment firm Regent. Despite this, Zulily's intellectual property still generated $666 million in sales last year, with women's apparel accounting for 40% of that. The sale presents an opportunity for potential buyers to leverage Zulily's customer base and use new technology to connect with customers at a lower cost. [Extracted from the article]

Douglas Group, a German beauty retailer, is preparing for a potential initial public offering (IPO). The company's chief financial officer, Mark Langer, stated that the decision on an IPO would be made by company shareholders. If an IPO does occur, the primary proceeds would likely be used to restructure and reduce the company's financial debt. While press reports have suggested an IPO could happen as early as March, Langer could not provide a specific timing. In the company's first quarter, sales increased by 8 percent, with net income rising by 10.6 percent. [Extracted from the article]

Italian fashion group OTB, which owns brands such as Diesel, Jil Sander, Maison Margiela, Marni, and Viktor&Rolf, reported a 7.2% increase in turnover to 1.9 billion euros in 2023. The group's CEO, Ubaldo Minelli, confirmed plans for an initial public offering (IPO) on the Milan Stock Exchange in late 2024 or early 2025. OTB's luxury segment, including Jil Sander, Maison Margiela, and Marni, experienced strong growth, with Maison Margiela contributing the most to the group's top line. The group also emphasized its commitment to sustainability and social initiatives. [Extracted from the article]

Gabriele Maggio has been appointed as the CEO of Elisabetta Franchi, a luxury fashion brand. Maggio, who previously worked as the president and CEO of Stella McCartney, brings over 25 years of experience in the fashion industry. The appointment signals a new chapter for Elisabetta Franchi, with plans for further international expansion and the strengthening of its position as a luxury brand. Maggio will work closely with founder Elisabetta Franchi to drive brand growth and deliver exceptional experiences to customers. The brand is based in Granarolo Emilia, Italy, and is present in 78 countries with about 100 monobrand stores. [Extracted from the article]

Perfect Moment, a luxury outdoor clothing company based in the UK, has filed for an initial public offering (IPO) on the New York Stock Exchange. The IPO is expected to raise approximately $8 million, which will be used to hire more talent, open freestanding stores, and further develop winter and summer products. The company plans to list under the ticker symbol PMNT and is offering 1.3 million shares of common stock to the public at a price of $6 per share. Perfect Moment has experienced significant growth in recent years, with a 69% increase in revenue from 2021 to 2022. The brand is known for its vibrant and colorful skiwear and has gained popularity among celebrities and on social media. The company plans to expand its product assortment to include swimwear, activewear, and lifestyle products. [Extracted from the article]

Amer Sports Inc., the owner of brands such as Salomon, Arc'Teryx, Wilson, Peak Performance, and Atomic, raised $1.37 billion in its U.S. initial public offering (IPO), falling short of its projected $1.8 billion. The Finnish company sold 105 million ordinary shares for $13 each, below the anticipated price range of $16 to $18 per share. The IPO comes as other sneaker and sporting goods companies express concerns about muted consumer demand in 2024. Amer's reliance on China and its volatile economy also raised investor concerns, although the company sees North America as its largest region and biggest opportunity for growth. [Extracted from the article]

Luxury resale platform Vestiaire Collective is launching a community equity fundraising round, allowing customers to have a stake in the company's long-term growth. The company aims to raise a minimum of 1 million euros through this initiative. Vestiaire Collective is on track to be profitable by the end of the year and is planning to go public. The platform has experienced significant growth in revenue and sales in recent years and has remained resilient during the post-pandemic luxury boom. The company is focusing on expanding its market share in the U.S. and increasing its offerings in the ready-to-wear and shoes categories. [Extracted from the article]

Amer Sports Inc., a Finnish company that owns several popular brands including Salomon, Arc'Teryx, Wilson, Peak Performance, and Atomic, is planning to raise up to $1.8 billion in its U.S. initial public offering (IPO). The company aims to offer 100 million ordinary shares priced between $16 and $18 each. Amer Sports has been approved to list on the New York Stock Exchange with the ticker "AS" and is targeting a valuation of up to $8.7 billion. Salomon, one of Amer's brands, had a successful year in 2023, with revenue of $949.3 million. The IPO marks one of the first major IPOs in 2024 and follows Birkenstock's recent move to go public. [Extracted from the article]

Jill Granoff, the managing partner of Eurazeo and CEO of its brands division, is transitioning to a senior adviser role. This change comes as Eurazeo plans to refocus its future brands' investing efforts on Europe and shift from a balance sheet investor to a third-party asset manager. Granoff's team has built a strong reputation in the consumer market, cultivating a portfolio of 12 premium brands. Eurazeo intends to sell assets and return capital to shareholders to increase the stock price. Granoff will remain on the boards of several brands and may potentially join another private equity firm or take on a new operating role in the fashion or beauty industry. [Extracted from the article]

Amer Sports Inc., the Finnish company that owns brands such as Salomon, Arc'Teryx, Wilson, Peak Performance, and Atomic, has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission. The company's revenue for the nine months ended September 30, 2023, was $3.1 billion, with a gross margin increase from 49.4 percent to 52.2 percent. Salomon, in particular, had a successful year in 2023, driven by Rihanna's Super Bowl performance wearing Salomon sneakers. Amer Sports outlined a strategy to grow its brands through product innovation, geographic expansion, and increased brand awareness. This IPO announcement is the first major retail IPO reveal in 2024, and IPO activity is expected to improve throughout the year. [Extracted from the article]

The year 2024 is expected to see significant merger and acquisition activity in Italy, with potential investors showing interest in an initial public offering (IPO) of Golden Goose. Golden Goose, known for its Superstar sneaker, has experienced growth in revenue and profitability. Speculation also surrounds the potential sale of other brands, including Autry and Missoni. The future of Trussardi and La Perla remains uncertain, while the fate of New Guards Group is in doubt following the rescue of its parent company, Farfetch. [Extracted from the article]

The article discusses the performance of retail stocks in 2023 and the outlook for the sector in 2024. Despite challenges such as inflation and cautious consumers, some retail stocks, like Abercrombie & Fitch and Amazon, performed well. Others, like Farfetch and Rent the Runway, struggled. However, there is hope for the sector in 2024 as the economy improves. Retail stocks are seen as an "early cycle" sector, and investors are optimistic about the future. The article also highlights PVH Corp. as a top stock pick for 2024. [Extracted from the article]