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Fashion Jobs
H&M
Business Expert to h&m Group Business Tech
Permanent · Stockholm
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Business Analyst For The h&m Brand Customer Insights & Analytics Team
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Production Manager – m&c – Divided
Permanent · Stockholm
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Head of Merchandising eu Retail - & Other Stories
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Technical Product Owner – Loyalty Engine/CRM
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Product Owner – Topdown Planning Assortment
Permanent · Stockholm
MARC O' POLO
Sales Manager / Key Account Manager Scandinavia M/W/D
Permanent · STOCKHOLM
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Senior Business Controller to h&m Sport
Permanent · Stockholm
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Product Owner Within Circular Business Models
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Technical Product Owner For ci/cd Team
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Business Analyst h&m Sport
Permanent · Stockholm
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Business Experts to Inventory Optimization
Permanent · Stockholm
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Art Buyer - h&m Sport
Permanent · Stockholm
RITUALS
Senior Account Manager Wholesale Nordics
Permanent · Stockholm
H&M
Product Owner to External Group Communications, Business Tech
Permanent · Stockholm
H&M
Head of New Business Development - h&m Sport
Permanent · Stockholm
H&M
E-Commerce Operations Coordinator / Business Expert
Permanent · Stockholm
H&M
E-Commerce Business Analyst
Permanent · Stockholm
H&M
Data Analyst to a Data Driven Team in Business Tech
Permanent · Stockholm
H&M
Senior Agile Project Manager For Business And Tech Development
Permanent · Stockholm
H&M
Business Expert – Colleague Development & Growth
Permanent · Stockholm
By
Reuters
Published
Sep 14, 2021
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Beauty products supplier Knowlton targets over $3 billion valuation in U.S. IPO

By
Reuters
Published
Sep 14, 2021

Knowlton Development Corp Inc (KDC) 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.


Photo: Shutterstock



The valuation, according to a Reuters report in January on the company preparing for an U.S. IPO, was pegged at more than $5 billion.

The Longueuil, Québec-based company plans to sell roughly 57.14 million shares in its IPO, priced between $13 and $15 per share, according to a regulatory filing.

KDC has applied to list its shares on the Toronto Stock Exchange as well, the filing showed. Its customer base comprises 18 of the world’s 20 largest beauty, personal care and home care companies worldwide, in terms of top retail sales in 2020.

The company, acquired in 2018 by an investor group led by buyout firm Cornell Capital, generated total annual revenue of about $2.1 billion and posted a net loss of $125.8 million for the year ended April 30.

Goldman Sachs, J.P. Morgan, UBS Investment Bank and BMO Capital Markets are the lead underwriters for the offering, after which KDC will list on the New York Stock Exchange under the symbol “KDC”.

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