Morgan Stanley news and archive

Cult Mia secures 2.5 million pounds in funding

London-based Cult Mia, the online marketplace for sustainable and conscious luxury fashion, has secured 2.5 million pounds in seed funding to "supercharge its growth". Founded in 2019 by entrepreneur Nina Briance, Cult Mia offers a values-driven curated marketplace for consumers to discover unique and limited-edition independent fashion from...

Business

Frasers Group seeks evidence from Morgan Stanley boss over margin call dispute

UK fashion conglomerate Frasers Group has confirmed that it has requested for New York court to secure evidence from the chief executive of Morgan Stanley, James Gorman, for a lawsuit it issued over a one billion dollar margin call. Frasers initially filed the related lawsuit against the bank in London’s High Court back in 2021, stating that the...

BusinessFeatured

Morgan Stanley favours Primark over Zara

Morgan Stanley (NYSE:MS) has recently lifted its recommendation on shares in Associated British Foods (LON:ABF) to an ‘Overweight’ due to the low valuation it says is being applied to the Primark business in comparison to Inditex. In the same note to investors, analysts at Morgan Stanley pointed out that Primark’s implied valuation “seems...

Business

Morgan Stanleys cuts Flipkart’s value by 4 billion dollars

Morgan Stanley, a key investor in India’s largest e-commerce site Flipkart, has marked down its investment value. Now Flipkart stares at a drop in its 15 billion dollar (Rs 10,206.75 crores) valuation. In December, Morgan Stanley’s valuation in Flipkart was 58.9 million dollar ( Rs 40.09 crores), which was down 27 per cent since June 2015. This...

Business

India’s e-com to touch 119 billion dollars by 2020, Morgan Stanley study

A new study by Morgan Stanley has pegged e-commerce growth of Indian market from 102 billion dollars ( Rs 69,829.66 crores) to 119 billion dollars (Rs 81,467.93 crores) by 2020. The total Indian internet market size will grow from 137 billion dollars (Rs 93,790.82 crores)to 159 billion dollars(Rs 1,08,852.11 crores). However, a global...