Goldman Sachs news and archive

Luxury sector to see stocks rise

Hermès may be more than its weight in gold, but other luxury houses in Europe can equally expect their stock to rise over the next year, according to Goldman Sachs. “We see 20 percent upside over 12 months for the luxury sector,” after underperforming the Stoxx Europe 600 index, and following a recent sell-off, said Goldman analysts William...

Business

Etsy may raise 300 million dollars in US IPO

Online marketplace for handmade and vintage items, Etsy Inc., is said to have set its sights on an initial public offering, which could occur within this quarter, according to people familiar with the matter. The Brooklyn-based firm is said to working with Morgan Stanley and Goldman Sachs Group Inc. on the IPO, which is poised to become the...

Apparel

Goldman Sachs eyes Peacocks

Affordable fashion may not be the first style associated with Wall Street, but banking giant Goldman Sachs is in the market for fast fashion. The American investment bank is expected to become the majority shareholder in debt-laden discount fashion chain Peacocks. Goldman Sachs is expected to become the majority shareholder as part of...

Fashion

M1 Group and ex Goldman Sachs's turn All Saints

After flirting with US investment specialists Goode Partners and Och Ziff, fashion chain All Saints is expected to secure its long-term future this week by unveiling a funding deal with a Lebanese investment group. As published by main British media today, the consortium made up of Beirut-based M1 Group and ex-Goldman Sachs banker Richard Sharp...