Dubai-based fashion and lifestyle retailer Apparel Group is considering an initial public offering for its Indian unit in Mumbai, according to people familiar with the matter. The company, which operates brands such as Victoria’s Secret, Aldo and Crocs in India, has held preliminary discussions with bankers to gauge market sentiment for Apparel Group India Pvt. ’s potential share sale, the people ...
Dubai-based fashion and lifestyle retailer Apparel Group is considering an initial public offering for its Indian unit in Mumbai, according to people familiar with the matter. The company, which operates brands such as Victoria’s Secret, Aldo and Crocs in India, has held preliminary discussions with bankers to gauge market sentiment for Apparel Group India Pvt. ’s potential share sale, the people said, asking not to be identified because the information is private. While the valuation and the IPO size are yet to be decided, banker appointments are expected soon, the people said. The offering could take place later this year or in early 2027, they added. Deliberations are ongoing and details including the timing of the offering could still change, the people said. A representative for Apparel Group didn’t immediately respond to a request for comment. India’s IPO market has cooled in recent months, with companies deferring listings amid volatility driven by the Iran war and slower domestic earnings growth. Conditions may shift if equity markets stabilize, potentially encouraging issuers with resilient business models to revive fundraising plans. Apparel Group India operates over 300 stores in more than 50 cities in the country and manages more than 20 brands, according to its website . Its portfolio includes Charles & Keith, Dolce & Gabbana Beauty, Levi’s Kids, Tim Hortons, Inglot, Call It Spring, Nike Littles and Jordan Kids. For the latest news on equity capital markets activity in the Asia-Pacific region, follow the channel or visit NI BFWECMAS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here .
The Cambrian Line hugs the shore, offering easy access to the Wales Coast Path, the Cadfan Way pilgrimage route and glorious Cardigan Bay From the graveyard of St Michael’s in Ynys, Wales, the view was ravishing: the Italianate oddity of Portmeirion sparkled on the opposite shore; the peaks of Eryri (Snowdonia) rippled in the distance; and, within the River Dwyryd’s broad swirl, sat the tidal isla...
The Cambrian Line hugs the shore, offering easy access to the Wales Coast Path, the Cadfan Way pilgrimage route and glorious Cardigan Bay From the graveyard of St Michael’s in Ynys, Wales, the view was ravishing: the Italianate oddity of Portmeirion sparkled on the opposite shore; the peaks of Eryri (Snowdonia) rippled in the distance; and, within the River Dwyryd’s broad swirl, sat the tidal island of Ynys Gifftan. “No one’s lived there for years,” said a passerby pointing to the isle, “but it’s just been put up for sale – £350,000, if you fancy it .” I rather did, but sadly my modest savings don’t stretch that far. Wales’s “armpit”, geographically speaking – which is how some people refer to that chunk of Gwynedd where estuaries perspire into Cardigan Bay before it curves round the outstretched Llŷn peninsula – looked like a spectacular place to be marooned. Continue reading...
Experts explain how small, regular sums can build wealth over time, from your 20s through to retirement Thinking about investing? There are compelling reasons for moving at least some of your money away from standard savings accounts and into the stock market. There are also risks, but over the long term the rewards can be better. Many people are put off by the idea that you need to be wealthy to ...
Experts explain how small, regular sums can build wealth over time, from your 20s through to retirement Thinking about investing? There are compelling reasons for moving at least some of your money away from standard savings accounts and into the stock market. There are also risks, but over the long term the rewards can be better. Many people are put off by the idea that you need to be wealthy to start investing, or over a certain age. But even if you can only afford to set aside £50 a month, it is worth considering. And while there are important factors to consider before you start, it is rarely too early, or too late, to take the first step. Continue reading...
Written in breathless multilingual prose, this coming-of-age meets state-of-the-nation novel is an incredible literary performance Three twentysomethings “drive and dream of an impossible night on an endless street. moving as a massive through mad sticky traffic, destination: where else? manchester, wilmslow road, the curry mile, yo!” Thus opens Sufiyaan Salam’s high-octane debut novel, written la...
Written in breathless multilingual prose, this coming-of-age meets state-of-the-nation novel is an incredible literary performance Three twentysomethings “drive and dream of an impossible night on an endless street. moving as a massive through mad sticky traffic, destination: where else? manchester, wilmslow road, the curry mile, yo!” Thus opens Sufiyaan Salam’s high-octane debut novel, written largely in gen Z lowercase – and you’re in for a ride. The Boyz are British Pakistani friends in their early 20s. Immy is “something of a bad-boy muslim slut who don’t never text back”; Khan is “the mogul mowgli himself … the type to recite Warren Buffett epigrams like they’re hadiths”; and Haris has “a mind that never switches off, philosophy subreddits doing bares”. Each is looking for an escape – from their past, present, someone else, or themselves – and they come together for one night “cruising and bruising in a hire car towards what might just be the natural elastic endpoint of a friendship beginning to fray”. Continue reading...
Campaigners say builders’ demolition of nest site highlights weak protection of wildlife from development A building that was a noted nesting site for swifts, among the UK’s most at-risk birds, has been demolished during the nesting season, highlighting significant weaknesses in the protection of wildlife from development, campaigners say. Contractors for the housebuilder Hill Group carried out th...
Campaigners say builders’ demolition of nest site highlights weak protection of wildlife from development A building that was a noted nesting site for swifts, among the UK’s most at-risk birds, has been demolished during the nesting season, highlighting significant weaknesses in the protection of wildlife from development, campaigners say. Contractors for the housebuilder Hill Group carried out the demolition of Regent House near Dorking station in Surrey over the last few weeks, during the nesting season which runs from 1 March to 31 August. Continue reading...
Taken shortly after a spate of femicides in Peru, this image by the photographer Ana Elisa Sotelo captures a moment of sisterhood and solidarity This image is from Women of the Water , a project I started in 2022 in Puerto Natales, in southern Patagonia, Chile, when three female swimmers I met asked me to photograph them naked in the place they felt most powerful: the water. It was winter and the ...
Taken shortly after a spate of femicides in Peru, this image by the photographer Ana Elisa Sotelo captures a moment of sisterhood and solidarity This image is from Women of the Water , a project I started in 2022 in Puerto Natales, in southern Patagonia, Chile, when three female swimmers I met asked me to photograph them naked in the place they felt most powerful: the water. It was winter and the water was probably about zero degrees, but we experienced an incredible sensation of ease and freedom. When I got back to my home city of Lima in Peru, I decided to continue, developing the series through open calls. I have since expanded to Argentina, the US and Barbados. Continue reading...
Terrific acting, especially an intriguingly ambiguous turn by child actor Julianna Layne, ground this twisty little horror debut When Ellie (Jessica Rothe) wakes up in bed in a house she doesn’t recognise, next to a man she doesn’t know, she naturally assumes the worst, in debut feature director BT Meza’s creepy thriller. Understandably, she freaks out, and is even more disconcerted when a little ...
Terrific acting, especially an intriguingly ambiguous turn by child actor Julianna Layne, ground this twisty little horror debut When Ellie (Jessica Rothe) wakes up in bed in a house she doesn’t recognise, next to a man she doesn’t know, she naturally assumes the worst, in debut feature director BT Meza’s creepy thriller. Understandably, she freaks out, and is even more disconcerted when a little girl calling her mommy appears, distressed that Ellie doesn’t know who she is either. Has she been kidnapped? Why would this girl play along with the kidnapper’s ruse? At this point, Bruce (an excellent performance from Joseph Cross) intervenes, reassuring his daughter and explaining to Ellie that she has memory loss. He is her husband, he says, and Alice (Julianna Layne) is their little girl. If you’ve ever watched a film before, you’ll know there are twists and turns coming. This nifty little movie keeps you guessing and when it eventually shows its hand, there’s still plenty of mileage left in the characters. Layne gives a beautifully calibrated performance as Alice; it’s initially genuinely difficult to work out if she’s an innocent caught up in a terrifying situation or somehow in on whatever is happening – and that’s exactly what this character needs. With a film that wants to tease the viewer as to exactly what genre we’re watching, it’s ideal to see a kid played with a degree of ambiguity. Continue reading...
A selection of winning images from this year’s World Food Photography awards . The photographs offer insights into the lives of people around the world through the lens of food, from growing, farming and harvesting to cooking, eating, celebrating and surviving A free exhibition of all 203 finalist images is at the Mall Galleries , London, from Wednesday 3 June to Sunday 7 June Continue reading...
A selection of winning images from this year’s World Food Photography awards . The photographs offer insights into the lives of people around the world through the lens of food, from growing, farming and harvesting to cooking, eating, celebrating and surviving A free exhibition of all 203 finalist images is at the Mall Galleries , London, from Wednesday 3 June to Sunday 7 June Continue reading...
ScottishPower apologises for charging error, as millions face higher costs under revised energy price cap The energy bill from ScottishPower sent Richard Palmer into an immediate panic. It said he had to pay more than £8,400 straight away or risk his credit history being impaired for years. The 76-year-old felt he had no option so he paid the bill, using half of his savings to do so, even though i...
ScottishPower apologises for charging error, as millions face higher costs under revised energy price cap The energy bill from ScottishPower sent Richard Palmer into an immediate panic. It said he had to pay more than £8,400 straight away or risk his credit history being impaired for years. The 76-year-old felt he had no option so he paid the bill, using half of his savings to do so, even though it amounted to nine times what his annual payment would normally be. Continue reading...
A celebrity dog in central China was stolen and slaughtered, leaving its owner seeking justice but confronting gaps in the country’s legal protections for pets. Guo, a travel influencer from Henan province, raised Chutou, an eight-year-old Border Collie known for his intelligence, energy and gentle temperament. The dog had amassed more than 1.5 million followers on mainland social media after acco...
A celebrity dog in central China was stolen and slaughtered, leaving its owner seeking justice but confronting gaps in the country’s legal protections for pets. Guo, a travel influencer from Henan province, raised Chutou, an eight-year-old Border Collie known for his intelligence, energy and gentle temperament. The dog had amassed more than 1.5 million followers on mainland social media after accompanying Guo on years of journeys across China, from snowy mountains to deserts, often guarding him...
张亚勤认为，中国科技企业可凭借产业链与创新优势，通过解决人类共同挑战实现深度本地化出海。 “未来机器人的数量可能比人还要多，”近期，清华大学智能产业研究院（AIR）院长张亚勤在接受第一财经记者独家专访时预计，实现物理AI的“ChatGPT时刻”，“估计还需要5年左右”。 张亚勤在出席亚洲公益峰会（Philanthropy Asia Summit）期间，就清华大学人工智能医院的最新进展发表演讲。他向...
Russia Weighs $50 Million Plan To Influence Armenia's Election Via Eurasianet, Reuters reported that Russian officials discussed influence operations aimed at weakening Prime Minister Nikol Pashinyan ahead of Armenia’s June 7 parliamentary election. One alleged proposal involved temporarily bringing Armenian passport holders living in Russia back to Armenia to vote for opposition candidates. Despi...
Russia Weighs $50 Million Plan To Influence Armenia's Election Via Eurasianet, Reuters reported that Russian officials discussed influence operations aimed at weakening Prime Minister Nikol Pashinyan ahead of Armenia’s June 7 parliamentary election. One alleged proposal involved temporarily bringing Armenian passport holders living in Russia back to Armenia to vote for opposition candidates. Despite the reported efforts, polling suggests Pashinyan’s Civil Contract Party remains the clear frontrunner as Armenia debates its future relationship with Russia and the West. Russia has mulled an extraordinary measure of exporting humans to Armenia in an effort to undermine Prime Minister Nikol Pashinyan ’s chances of retaining power in the fast-approaching parliamentary elections on June 7, according to an investigative report published by the Reuters news agency. Despite the Kremlin’s best efforts to manipulate the election’s outcome, recent polling data shows that Pashinyan’s Civil Contract Party is pulling away from a collection of opposition forces and appears increasingly likely to have a majority in the next parliament. According to Reuters, citing four sources who spoke on condition of anonymity, the Kremlin set up an agency in October called the Directorate for Strategic Cooperation and Partnership to run a wide array of influence operations in Armenia, including disinformation campaigns. Another initiative reportedly considered involved transporting Armenian passport holders living in Russia back to Armenia temporarily so that they could vote for opposition candidates. Up to 2 million Armenian citizens are believed to be living and working in Russia. Election rules bar expats from voting. Several Reuters sources said that Russian officials estimated that it would cost about $50 million to send 100,000 Armenians back to their homeland to cast ballots. Reuters could not confirm whether the repatriation-to-vote operation had been set in motion, and, if it had, how man...
jabkitticha/iStock via Getty Images We believe: Alphabet’s ( GOOGL ) proposed $15 billion mandatory convertible issue demonstrates that the convertible market remains a top choice for the most innovative companies. Large-cap companies like Alphabet and Oracle ( ORCL ) (which issued $5 billion in mandatory preferred convertibles earlier this year) could add energy to an already exciting market. The...
jabkitticha/iStock via Getty Images We believe: Alphabet’s ( GOOGL ) proposed $15 billion mandatory convertible issue demonstrates that the convertible market remains a top choice for the most innovative companies. Large-cap companies like Alphabet and Oracle ( ORCL ) (which issued $5 billion in mandatory preferred convertibles earlier this year) could add energy to an already exciting market. These mega-cap issuers are a dynamic complement to the small and mid-cap “leaders of tomorrow” that are well represented in the convertible market. Convertibles are especially compelling for growth investors because, in many cases, their structural features offer built-in risk management. Active management is essential for harnessing the opportunity of the asset class; our nearly 50 years of experience gives us a valuable edge. At Calamos, we believe that convertible securities provide a wealth of strategic asset allocation opportunities. As both students and investors of the asset class, we’re tremendously excited to see dynamic issuance trends energizing the market. This includes bellwether mega-cap tech leaders choosing convertibles to fund their plans for AI expansion. 1 - Growth capital for growth companies . Historically, the convertible market has been home to many of the most innovative companies, and we certainly see that today. The convertible market offers a breadth of ways to participate in secular trends, such as the AI buildout. Many of the names in the convertible market may not be familiar—today—but the market has a long history of being home to the leaders of tomorrow. Convertibles are not only attractive for issuers seeking to fund growth at lower borrowing costs—they also provide appealing opportunities for risk-conscious, growth-oriented investors. One of the most important potential benefits of convertibles is that they provide investors with a way to access higher-growth opportunities with less downside exposure. This is because the fixed-income character...
Early results show Steve Hilton, Xavier Becerra and Tom Steyer emerging in front, with many ballots to be counted The high-stakes gubernatorial race in California remained too close to call on Tuesday night, with early results showing a tight contest in the crowded race. With many ballots still left to be counted, three candidates emerged at the top: Republican Steve Hilton and Democrats Xavier Be...
Early results show Steve Hilton, Xavier Becerra and Tom Steyer emerging in front, with many ballots to be counted The high-stakes gubernatorial race in California remained too close to call on Tuesday night, with early results showing a tight contest in the crowded race. With many ballots still left to be counted, three candidates emerged at the top: Republican Steve Hilton and Democrats Xavier Becerra and Tom Steyer. And results were clear enough that two Democratic candidates – San Jose mayor Matt Mahan and former Los Angeles mayor Antonio Villaraigosa – conceded the race shortly after polls closed. Continue reading...