Tag: venture-capital
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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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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…