clothingretail
Authentic Brands Group (ABG), the clothing retail firm whose portfolio includes brands such as Nautica, Forever 21, and Nine West, has announced it will postpone its initial public offering plans. The company will instead sell many of its equity stakes to CVC Capital, hedge fund HPS Investment Partners, and a pool of existing stakeholders. Q3 2021 hedge fund letters, conferences and more Authentic Brands GroupAs reported by CNBC, the deal announced on Monday will take the company to a $12.7 billion valuation. The move takes place after ABG had filed for an IPO in July this year, with Executive...
ValueWalk
Sukone Hong is the 17-year old South Korean entrepreneur making headlines galore. He created a fashion brand whose sales have topped $1 million so far this year, and debuted a braille smartwatch for the visually impaired with thousands of advance orders. Q2 2021 hedge fund letters, conferences and more Sukone Hong’s StoryThe successful teenager had a rough start. Four years ago, he began reselling branded clothes on Naver –a search engine in his natal South Korea. The initial $150 in revenue did not last long, so Hong changed his tactic. His parents helped him with $5,000, and with “ the assis...
ValueWalk
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