Roger Lynch departs Condé Nast for Mattel, Oura pauses its IPO plans, and Stride Consumer Partners closes a $550 million fund.
Key facts
- •Roger Lynch is leaving Condé Nast to become the CEO of Mattel.
- •Oura's planned IPO would have raised approximately $2.1 billion at the midpoint and valued the company at roughly $15 billion.
- •Stride Consumer Partners' second fund raise took approximately four months to complete.
- •Ralph Lauren's PoloFest in Tokyo serves as the start of global activations leading to the brand's 60th anniversary in 2027.
Condé Nast CEO Roger Lynch announced he is stepping down after seven years to become the CEO of Mattel. Meanwhile, smart ring manufacturer Oura has paused its planned initial public offering on Nasdaq, citing market uncertainty despite continued business growth.
By the numbers
Condé Nast Leadership Transition
Roger Lynch stated that during his tenure since 2020, commerce revenue at Condé Nast grew by 170% and digital subscriptions increased by 155%. U.S. tentpole events also saw a ninefold increase. Lead Independent Director Mike Perlis will serve as the interim CEO while the company searches for a permanent replacement.
Oura IPO and Financial Growth
Oura reported that its paid memberships have reached 5.7 million users, with revenue projected to grow 90% year-over-year in fiscal 2026. The company and its early investors had previously planned to sell 50 million shares at a price range of $40 to $44 per share.
Investment and Brand News
Stride Consumer Partners, which backs brands including Odele, Crown Affair, and Skinfix, closed its second fund at $550 million, representing a 30% increase over its 2022 debut. The firm now manages approximately $1.3 billion in assets. Additionally, Ralph Lauren announced PoloFest, a three-day event in Tokyo scheduled for October 23 to 25.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Fashionista.
