Chinese e-commerce giant Alibaba said Sunday it is pursuing an initial public offering in the U.S., setting the stage for a highly anticipated IPO that could raise more than $15 billion.
The announcement follows a series of press reports stating that the company was preparing for a New York stock market listing, although a source familiar with the offering said Alibaba has not yet made a final decision on an exchange. The IPO is slated for the third quarter, the source added.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)