Tag: rocket-internet
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Rocket Internet trims losses, increases debt buyback
German e-commerce investor Rocket Internet reported progress on Thursday in cutting losses at its main start-ups with three set to generate profits by the end of 2017, while its shares were lifted by a plan to buy back convertible bonds. Rocket Internet shares, which have been hit by concerns about mounting losses and cuts to…
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Patchworks and denim in Cavalli’s Milan show journey
By Giulia Segreti MILAN (Reuters) – Roberto Cavalli took guests at his catwalk show on a long journey around the globe, wrapping his models in bright textiles and patchworks from different countries and showcasing hippy-meets-native-American in his spring/summer 2017 collection. Past a lantern-studded courtyard, in a sixteenth century palazzo in the heart of Milan, models…
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Landing with a bump? Germany’s Rocket falls back to earth
By Emma Thomasson and Chijioke Ohuocha BERLIN/LAGOS (Reuters) – When German e-commerce investor Rocket Internet launched Jumia in 2012 as a would-be African Amazon, it was optimistic that a rapidly expanding middle class would quickly shift from street markets to shopping online. Four years on, falling sales for sites like Jumia and slower growth from…
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Steffy Argelich is the new face of Lancaster
This week the French leather goods brand announced Spanish model Steffy Argelich as the face of its autumn/winter 2016-2017 collection. Lancaster Paris is the latest brand to sign up this young model, starring her in the label's autumn/winter 2016-2017 campaign. Steffy Argelich rocked her 1970s style for photographer Guy Aroch, who has worked on all…
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Moncler creates sea-themed collection with Off-White
Moncler and sportswear brand Off-White are collaborating on a menswear collection for this autumn.
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Rocket Internet’s sales growth slows as seeks to stem losses
By Emma Thomasson BERLIN (Reuters) – Shares in German ecommerce investor Rocket Internet slid on Tuesday after it reported that revenue growth slowed sharply in the first quarter at most of its top start-ups as it took steps to try to reduce their losses. Rocket has pledged that the 1 billion euros ($1.12 billion)it burnt…