Rocket Internet trims losses, increases debt buyback

September 22, 2016 By creative

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 the valuation of some of its leading start-ups, were up 2.7 percent by 0731 GMT (03:31 a.m. EDT), but were still down 30 percent on the year. Finance chief Peter Kimpel said Rocket was still working toward a goal of a public listing for one of its 10 main start-ups in food delivery, fashion and home furnishings in the coming months, but said timing would depend on market conditions.

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Rocket Internet trims losses, increases debt buyback

Filed Under: Latest News Tagged With: coming, food-delivery, german, losses-at-its, main-start-ups, peter-kimpel, public-listing, rocket, rocket-internet, sarajevo, valuation, venture-capital, working-toward

Patchworks and denim in Cavalli’s Milan show journey

September 22, 2016 By publisher

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 perched on high wedged heels were draped in shawls, stoles, vests, ponchos and multi-colored fabrics. Gipsy layered dresses alternated with flared trousers, suede fringed coats and kimonos made spectators travel around the world in just a few minutes, on Wednesday night, at the end of Milan's first day of its fashion week.

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Patchworks and denim in Cavalli’s Milan show journey

Filed Under: Latest News Tagged With: coming, food-delivery, german, milan-fashion, peter-kimpel, rocket-internet, venture-capital, working-toward

Landing with a bump? Germany’s Rocket falls back to earth

June 29, 2016 By creative

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 Nigeria to Russia and Brazil is casting doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China. The devaluation of Nigeria's naira last week is a new blow for Jumia, which now operates in more than 20 countries in Africa.

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Landing with a bump? Germany’s Rocket falls back to earth

Filed Under: Latest News Tagged With: brazil, doubt-on-rocket, internet, jumia, nigeria, online-store, packaging, rocket-internet, russia, street-markets, the-packaging, united, united-states

Steffy Argelich is the new face of Lancaster

June 29, 2016 By publisher

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 of the Lancaster brand's latest campaigns.

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Steffy Argelich is the new face of Lancaster

Filed Under: Latest News Tagged With: 1970s-style, brand-announced, doubt-on-rocket, lancaster, paris, rocket-internet, united, united-states, week-the-french, young

Moncler creates sea-themed collection with Off-White

June 29, 2016 By creative

Moncler and sportswear brand Off-White are collaborating on a menswear collection for this autumn.

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Moncler creates sea-themed collection with Off-White

Filed Under: Latest News Tagged With: 2017-creation, autumn, menswear-collection, paris, rocket-internet, spring, summer, week-the-french, young

Rocket Internet’s sales growth slows as seeks to stem losses

May 31, 2016 By creative

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 through in 2015 will mark a peak for losses and promises to make three start-ups profitable by the end of 2017. On Tuesday it reported progress towards that goal as the quarterly absolute loss at its main start-ups fell 23 percent on the previous year to 140 million euros.

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Rocket Internet’s sales growth slows as seeks to stem losses

Filed Under: Latest News Tagged With: absolute-loss, billion-euros, burnt-through, german, loss-at-its, previous, quarter-at-most, revenue-growth, rocket, rocket-internet, sarajevo, slowed-sharply, the-quarterly, tuesday, venture-capital