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Under Armour’s signature shoe gets delayed

Bloomberg The latest installment of Under Armour Inc.’s best-selling sneaker is expected to be late hitting stores, dealing a blow to an athletic brand that’s trying to bounce back from sputtering growth. The adult version of the shoe—known as the Curry 4—was slated to hit stores last week. But Foot Locker Inc., Dick’s Sporting Goods Inc. and Hibbett Sports Inc. ...

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Vietnam’s biggest-ever initial public offering prices at top

Bloomberg Vincom Retail JSC’s existing investors raised $709 million after pricing an initial public offering of the Vietnamese mall operator at the top end of a marketed range. Existing shareholders including Warburg Pincus and Credit Suisse Group AG priced 396.5 million shares at 40,600 dong apiece, according to terms for the deal obtained by Bloomberg. The stockholders initially offered 380.2 ...

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Dubai launches $735mn e-commerce free zone

DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority (DAFZA), witnessed the launch of ‘Dubai CommerCity,’ an AED2.7-billion ($735mn), 2.1-million square feet joint venture between DAFZA and wasl Asset Management Group, in the Umm Ramool area. Dubai CommerCity, the first free zone dedicated to e-commerce in the MENA region, is strategically intended ...

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