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Business

KKR to buy up to $44 billion of PayPal's buy now, pay later loans in Europe

KKR to buy up to $44 billion of PayPal's buy now, pay later loans in Europe

Private equity firm KKR has agreed to purchase a substantial portion, or up to 40 billion euros ($43.71 billion), of payments company PayPal's buy now, pay later (BNPL) loans in Europe, the companies said on Tuesday.
Fashion
Retail
S.Africa's Steinhoff gains court approval for debt restructure, shares tumble

S.Africa's Steinhoff gains court approval for debt restructure, shares tumble

Steinhoff International said on Wednesday it had received approval from a Dutch court for a debt restructuring plan, paving the way for resolution of an accounting scandal that brought down the retailer.
Fashion
Business

Debenhams collapse left unsecured creditors with £1.3bn losses

It’s been a tough month for unsecured creditors of failed retail companies. But money owed by Hunter Boot (£112.8 million) and Edinburgh Woollen Mill Group (£167 million) are dwarfed by the cost of Debenhams’ failure.
Fashion
Business

Revolution Beauty responds to Boohoo move, aims to postpone AGM

The turmoil surrounding Revolution Beauty Group intensified Wednesday as the beleaguered beauty supplier/retailer aims to postpone next week’s AGM in the face of “hostile shareholder actions” by Boohoo Group.
Beauty
Business

Trade shows

Cosmoprof North America returns for 20th edition

Cosmoprof North America returns for 20th edition

Business-to-business beauty exhibition Cosmoprof North America announced on Tuesday that it will return to a one-hall format for its 20th edition to ease navigation between different product sectors.
Beauty
Trade shows
Pitti Uomo 104 records 17,000 visitors

Pitti Uomo 104 records 17,000 visitors

The Florentine show's summer session has welcomed over 12,000 buyers, 5,300 of them from outside Italy (up by 24%) and 6,700 from Italy (up by 6%), for a total of more than 17,000 visitors.
Fashion
Trade shows

Doucal’s fetes 50, lauds its loafers and notes how men’s feet have grown

Doucal’s feted its 50th anniversary this year with exhibitions in Milan and Florence, where it lauded its loafers in an historic Florentine Garden. A family-owned business enjoying a period of extended growth.
Fashion
Trade shows

Pitti Uomo shines spotlight on eco-responsible Ivorian label Olooh

The Florentine trade show featured 10 emerging eco-responsible labels in its popular S Style section. It was an excellent opportunity to discover the captivating work of Kader Diaby, the Ivorian designer behind Olooh. 
Luxury
Trade shows