Today in Data: The Price of Fashion

Today in Data, Ted Baker throws up the For Sale sign after failed Sycamore Partners takeover bids. Plus, Hypebeast’s SPAC deal is ready to transform the sneaker and streetwear industries and Birkenstock is taking a heavy-handed approach to wiping out its competition.

Data

$530M: Valuation of Hong Kong-based media company Hypebeast

26M; 80: Number of Hypebeast followers and countries in which they reside, respectively

$112M+: Hypebeast’s sales for the current fiscal year, which ended last week

4+: Number of so-called Birkenstock “look-alikes” the footwear maker is asking retailers to pull from shelves

$333.7M: Sycamore Partners’ highest reported takeover offer for British fashion retailer Ted Baker