Ssense Lenders Seek Fast Sale of Struggling Fashion Retailer
Creditors seek court-ordered fast sale of Ssense as lenders lose confidence. First bids for the struggling luxury fashion retailer are due in early October.
financial news
Klarna Shares Climb 30% in Trading Debut After $1.37 Billion IPO
Klarna shares soared 30% in their trading debut following a landmark $1.37 billion IPO. The strong opening signals a robust market for new fintech listings.
Coach Parent Tapestry Expects to Offset Tariff Costs by 2028, Plans $3 Billion Buyback
Tapestry Inc. outlines its strategy to mitigate all tariff impacts by fiscal 2028 and announces a massive $3 billion share repurchase program for investors.
Byredo Owner Puig’s Profits Climb 79% on Tariff Pre-Orders
Puig, owner of Byredo and luxury perfume houses, reports a staggering 79% profit increase to €275 million. Strong pre-orders ahead of US tariffs drove exceptional first-half performance.
UK economy to grow 1.3% in 2025, trade deficit persists: BCC
The British Chambers of Commerce forecasts UK economic growth of 1.3% in 2025, upgraded from 1.1%. Discover the drivers and persistent challenges like the trade deficit.