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LULULEMON
Asset Protection Lead - Boston Seaport
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ESTEE LAUDER
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ABERCROMBIE AND FITCH STORES
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ABERCROMBIE AND FITCH CO.
Lead Auditor - Data, Technology, & Compliance Risk (Remote)
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Lead Auditor - Operational & Compliance
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ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Seattle Outlets
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MICHAEL KORS
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NORDSTROM
Area Manager Warehouse - 3rd Shift Inventory - San Bernardino, ca
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NORDSTROM
Area Manager Warehouse - 2nd Shift Inventory - San Bernardino, ca
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Manager - Asset Protection - Chestnut Rack
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Senior Manager of Merchandise Inventory - Replenishment
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Asset Protection - Security Ambassador - Irvine Spectrum Center
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Asset Protection - Agent - Market Street Rack
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Asset Protection - Security Ambassador - Market Street Rack
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Operations Manager Warehouse - 3rd Shift - San Bernardino, ca
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Manager - Asset Protection - King of Prussia
Permanent · King of Prussia
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Area sc Manager 2
Permanent · San Bernardino
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Asset Protection - Agent - The Shoppes at University Center Rack
Permanent · Bradenton
NORDSTROM
Assoc Manager, SEO Content Strategy - Remote
Permanent · Seattle
NEIMAN MARCUS
Manager Retail Performance & Store Operations- San Diego
Permanent · San Diego
CORPORATE
Associate Product Manager
Permanent · Irving
TALENT
Loss Prevention Representative (2nd Shift)
Permanent · Lynchburg
By
Reuters
Published
Mar 4, 2022
Reading time
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Beauty tech firm Perfect to go public in U.S. via $1 billion SPAC deal

By
Reuters
Published
Mar 4, 2022

​Perfect Corp, an Asian startup that provides software to beauty and fashion companies, has agreed to go public in the United States by merging with a blank-check firm in a deal that values it at $1.02 billion.


The company, whose shareholders also include Goldman Sachs Asset Management and Alibaba Group Holding Ltd, will use the proceeds to bolster its technology and expand beyond the beauty and fashion markets - Perfect Corp


The merger with Provident Acquisition Corp announced on Thursday will hand proceeds of $335 million to Perfect, including $50 million from a private investment in public equity (PIPE).

The PIPE round included existing investor Snap Inc as well as French luxury group Chanel, software firm CyberLink and Japanese cosmetics company Shiseido.

New Taipei City-based Perfect helps companies like Estee Lauder and Macy’s Inc boost their digital offerings with augmented reality and artificial intelligence-powered try-ons and facial modeling.

The company, whose shareholders also include Goldman Sachs Asset Management and Alibaba Group Holding Ltd, will use the proceeds to bolster its technology and expand beyond the beauty and fashion markets.

The deal comes at a time when investor appetite for new listings has waned due to market volatility, prompting several companies to scrap their proposed SPAC mergers.

The fallout from Russia’s invasion of Ukraine has also added to investor worries about expected monetary policy tightening.

Perfect’s merger is expected to close in the third quarter of this year. It is also supported by a $55 million investment that includes Ward Ferry Management and an affiliate of Southeast Asian technology-focused fund Provident Group.

The Provident SPAC raised $230 million in its initial public offering in January last year. SPACS use proceeds from an IPO to merge with a private company, thereby taking it public.

 

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