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Warby Parker plans US IPO as soon as this year

Bloomberg Prescription eyewear seller Warby Parker Retail Inc is considering an initial public offering as soon as this year, according to people familiar with the matter. The New York-based company is in discussions with advisers on a potential listing, the people said, asking not to be identified as the information is private. Warby Parker raised $120 million in its most ...

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Gucci’s sales rebound in first quarter

Bloomberg Gucci’s sales rebounded in the first quarter, signalling a recovery for the luxury brand after the appeal of its flamboyant fashions waned last year. Comparable sales, a key measure of retail performance, jumped 25% at the Italian fashion house to 2.17 billion euros ($2.61 billion), owner Kering SA said in a statement. Analysts had expected a 19% gain. Gucci ...

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France backs Chad military rulers, AU urges swift change

Bloomberg France backed a military council that intends ruling Chad for a transition period following the president’s death, while a continental body said it was deeply concerned by the military takeover. The situation threatens “peace, security and stability” not only in Chad, but also the region, as well as the continent, the African Union (AU) said in a statement on ...

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