PayPal Inc said it is not pursuing an acquisition of Pinterest Inc at this time, after several media reported last week that it was in talks to buy the digital pinboard site for as much as $45 billion.
Facebook Inc said on Monday it will start breaking out the financials for its virtual and augmented reality unit, an announcement that comes as its main advertising businesses face "significant uncertainty."
Go Global Retail LLC said on Monday it does not plan to make an offer for the fashion brand French Connection Group after the UK takeover panel asked the company earlier this month to make a firm offer or walk away.
Eco-friendly sneaker maker Allbirds Inc said on Monday it aims to be valued at over $2 billion in its New York IPO, joining a growing number of firms tapping into surging consumer demand for such products.
Italian fashion retailer OVS bought the long-established women's ready-to-wear label in early 2021, and has kicked off its market relaunch with a more affordable positioning and a quality, evergreen product range.
The Italian label brought in half a billion euros in the first nine months of the fiscal year, jumping more than 32% compared to the same period in the previous year, thanks to double-figure growth across all markets.
Tomorrow is continuing its drive to buy some of the most interesting fashion labels and has just announced its majority investment in British menswear business Martine Rose, led by its eponymous founder.
The Italian luxury group has turned profitable again, and was extremely buoyant in the first six months of the year, driven by China and Thom Browne, the label it acquired in 2018, whose sales doubled.