Digital payments and e-commerce business Paytm has officially filed for an initial public offering of up to Rs 16,600 crore ($2.23 billion) and plans to use the funds to strengthen its payments ecosystem.
E-commerce giant Flipkart is looking to raise upwards of $1 billion (Rs 6,652.75 crore) from a group of new investors ahead of its planned initial public offering and would use the funds for expansion.
L'Oreal's make-up sales are set to bounce back to pre-COVID-19 pandemic levels, the French group's new chief executive said on Friday, with women opting for brighter colours in their post-crisis makeovers.
Sales at Salvatore Ferragamo fell by 20% in the fourth quarter, broadly in line with expectations, as new lockdowns in Europe to fight a resurgence of COVID-19 more than offset a strong rebound in China.
The French luxury label has created the new post in order to strengthen its links and collaborations with the world of culture and the arts, entrusting it to the former CEO of London’s Serpentine Galleries, Yana Peel.