Connect with us

Business

This Fashion IPO’s Growth Story Looks Flimsy

Published

on

This Fashion IPO’s Growth Story Looks Flimsy

Reformation, fashion’s latest initial public offering, is full of buzzwords: Sustainability, data-driven design and fast manufacturing are just a few appearing in its filing. But they might not be enough to protect its viral dresses from going stale.

The clothing brand, which became famous for making sustainable dresses that aren’t frumpy, made its public-market debut last week. Its shares are up 7.5% from its offer price, giving the company a market cap of about $1 billion, nearly two times last year’s revenue. That multiple is somewhere between Gap, which fetches a market cap that is about half of its trailing 12-month revenue, and Aritzia ATZ , which trades at four times.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Waterdrop: A Good Time To Be Accumulating Shares (NYSE:WDH)

Published

on

Investment Qualities Of AXIS Capital's Preferred After The Company's Latest Report

This article was written by

Welcome to my author’s site. As an avid follower of SeekingAlpha, I take great interest in articles posted as the subject matter is often something that appeals to me. However, I will sometimes encounter an article that I might not agree with. My purpose is to present an alternative view to readers that they may want to take into account. I hope you find my articles interesting and informative.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of WDH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

Berkshire says operating profit rises, conducts stock buybacks

Published

on


Berkshire says operating profit rises, conducts stock buybacks

Continue Reading

Business

Apple says Mac users in China can connect to Alibaba’s Qwen AI service

Published

on


Apple says Mac users in China can connect to Alibaba’s Qwen AI service

Continue Reading

Business

Business Daily – Taking stock: Global trade’s new reality

Published

on

Business Daily - Taking stock: Global trade's new reality

Available for over a year

What is driving the global shift towards economic protectionism? Will Bain is joined by Jennifer Pak, NPR’s China correspondent, and Trevor Simumba, an international business consultant in Zambia, to discuss why the trend has accelerated since Donald Trump’s tariffs and why global trade remains resilient despite growing barriers. Plus, why Africa’s Lobito Corridor matters for trade, what AI means for jobs in China and beyond, and why drinks giant Diageo is cutting costs. And, two food heroes: China’s baozi and Uganda’s matoke.

(Photo: A ship docks at Lobito Port in Angola, 4 December, 2024. Credit: Elizabeth Frantz/Reuters)

You can email the team: businessdaily@bbc.co.uk

Advertisement

Presenter: Will Bain
Producer: David Cann

Programme Website

Continue Reading

Business

Iran says deal on Strait of Hormuz is close but will not open the waterway by itself

Published

on


Iran says deal on Strait of Hormuz is close but will not open the waterway by itself

Continue Reading

Business

What happens to stocks when the Fed starts hiking? Barclays weighs in

Published

on


What happens to stocks when the Fed starts hiking? Barclays weighs in

Continue Reading

Business

Jorge Messi, Father and Longtime Agent of Lionel Messi, Dies at Age 68 in Argentina After Long Illness

Published

on

Jorge Messi, Father and Longtime Agent of Lionel Messi, Dies

ROSARIO, Argentina — Jorge Messi, the father and longtime business representative of Argentine soccer icon Lionel Messi, died Friday night at a clinic in his native Rosario after a prolonged illness, according to multiple Argentine media outlets. He was 68.

Reports from outlets including Infobae indicated Jorge Messi passed away around 10 p.m. local time. An official cause of death had not been confirmed by the Messi family as of Saturday. He is survived by his wife, Celia, sons Lionel, Rodrigo and Matias, daughter Maria Sol, and a number of grandchildren.

A Health Struggle That Played Out Publicly

Jorge Messi’s declining health first drew widespread public attention during the World Cup, when Lionel Messi was seen visibly emotional on the field, including after scoring against Algeria. Asked about the tears, Messi told reporters at the time, “Why was I crying? It had absolutely nothing to do with football. I have had a few difficult days.” His remarks quickly sparked speculation linking the emotion to his father’s condition.

Advertisement

Days later, the Messi family issued a public statement addressing the situation directly. “The Messi family wishes to inform you that Jorge Messi is currently dealing with health problems,” the statement began. “He is currently under medical supervision and is recovering well.” The family went on to express concern over the intensity of the speculation, writing, “Given the reports, rumours and speculation that have been circulating in recent hours, the family wishes to express its deep concern about the lack of sensitivity,” while asking that “the privacy, confidentiality and personal space of Jorge – and that of his entire family – be respected throughout this process.”

A separate statement issued in the following weeks said Jorge had been “under medical monitoring, recovering and evolving favorably within the condition he presents.” In late July, Lionel Messi skipped Major League Soccer’s All-Star Game, a decision widely believed to be tied to a visit with his father, before returning to action for Inter Miami in an MLS match days later.

The Man Who Took Messi to Barcelona

Jorge Messi’s influence on his son’s career is difficult to overstate. When a young Lionel was coming up through the youth academy at Newell’s Old Boys in Rosario, he was diagnosed with a growth hormone deficiency requiring costly treatment. After failing to secure sufficient financial support in Argentina, including from Newell’s and River Plate, Jorge explored options abroad, ultimately taking his son to try out for FC Barcelona.

Advertisement

That trial led to one of the most famous moments in the club’s history: an agreement scribbled on a paper napkin with then-Barcelona sporting director Carles Rexach on Dec. 14, 2000, at the Pompeia Tennis Club, committing the club to sign the 13-year-old Messi and fund his medical treatment. The move to Spain, made possible directly by Jorge’s determination to find his son a path forward, is widely regarded as one of the most consequential decisions in the history of the sport.

Staying by His Son’s Side During a Difficult Transition

Messi was just 13 when the family relocated to Spain, a transition that proved difficult for several family members who struggled to adjust to life away from Argentina. Jorge remained by his son’s side throughout that period, providing stability during a stretch when Messi’s future in the sport was still far from guaranteed. Messi has spoken previously about how emotionally taxing that time was for both of them, recalling that there were days when he and his father each struggled deeply and would retreat separately to cry so the other would not see it. “My father was always by my side,” Messi has said, describing how Jorge repeatedly checked in with him, asking whether he wanted to continue pursuing his dream in Spain or return home to Argentina. Messi chose to stay.

A Behind-the-Scenes Presence for Decades

Advertisement

Despite managing the business affairs of arguably the most recognizable athlete on the planet, Jorge Messi consistently preferred to remain out of the spotlight, giving few interviews over the years and generally avoiding the intense media attention that followed his son throughout his career. He served for decades as Lionel Messi’s agent and financial representative, a role that placed him at the center of many of the most significant decisions in his son’s professional life, from contract negotiations to the eventual move to Paris Saint-Germain and later to Inter Miami.

That behind-the-scenes role was not without controversy. In 2016, Spanish prosecutors sought an 18-month prison sentence and a fine against Jorge Messi for allegedly defrauding Spain’s tax authorities of approximately 4.5 million dollars in unpaid taxes between 2007 and 2009, a case that also named Lionel Messi before prosecutors ultimately cleared the player of wrongdoing.

Tributes Expected From Across the Football World

Given Jorge Messi’s decades-long presence alongside one of the most celebrated athletes in the history of the sport, tributes from clubs, players and football institutions across the world are expected in the days following his death. His passing comes at a moment when Lionel Messi remains an active professional player with Inter Miami in Major League Soccer, having recently contributed a goal and an assist in a match against San Luis just days before his father’s death.

Advertisement

Funeral arrangements had not been publicly announced as of Saturday. Given Jorge Messi’s central and enduring role in shaping his son’s rise from a young prospect in Rosario to one of the greatest players in the history of football, his death is expected to prompt an outpouring of tributes from across the sport in the coming days, even as the family has continued to ask, as it did earlier this year during his illness, that its privacy be respected during this period of grief.

Continue Reading

Business

Mutual Fund Manager Scoops Up Beaten-Down Stocks

Published

on

Mutual Fund Manager Scoops Up Beaten-Down Stocks

Value mutual fund investing is supposed to be dead. But Colin McQueen, manager of the T. Rowe Price International Value Equity Fund, has a knack for finding beaten-down stocks that prove the strategy is very much alive. A 2026 IBD Best Mutual Funds Awards winner, T. Rowe Price International Value Equity (TRIGX) has topped the foreign-stock benchmark IBD uses to…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading

Business

Michigan salad warnings ease, but cyclospora keeps shoppers and grocers on edge

Published

on


Michigan salad warnings ease, but cyclospora keeps shoppers and grocers on edge

Continue Reading

Business

Mukul Agrawal’s winning picks: 9 stocks rallied over 50% in CY26; one fresh Q1 addition

Published

on

The Economic Times

Investor Mukul Mahavir Agrawal’s portfolio rose 12% to around Rs 7,720 crore by June 2026. Several holdings delivered strong CY26 gains, led by Apollo Pipes, Hind Rectifiers and KRN Heat Exchanger. The portfolio also saw a new addition, Arisinfra Solutions, highlighting Agrawal’s continued focus on high-growth stocks.

Continue Reading

Trending

Copyright © 2025