The Italian luxury menswear group Zegna has reported a 7 percent decline in total sales for the third quarter of 2024, raising concerns about the future of the luxury market. Total revenue for the quarter hit €397 million ($429.8 million), a significant downturn attributed largely to the plummeting demand for luxury goods in key global […]
In a shocking turn of events, Mike Jeffries, the former CEO of Abercrombie & Fitch, was arrested last week amidst a federal investigation into allegations of sex trafficking. This development has sparked widespread attention and raised critical questions about accountability in corporate America, especially considering the significant power Jeffries wielded during his tenure at one […]
Europe’s textile recycling industry is currently grappling with a stark and alarming crisis. This situation has been spiraled into critical territory due to several intertwined factors that highlight an urgent need for intervention. The emergence of ultra-fast fashion and geopolitical disruptions has created a market dynamic that many experts argue is unsustainable, prompting two major […]
The rapid rise of quick commerce (or q-commerce) platforms in India presents significant potential for the beauty industry, marking a shift in consumer behavior and shopping preferences. These apps, which promise delivery within just 10 to 20 minutes, have gained immense popularity, especially in urban areas. As experts suggest, this burgeoning market could see substantial […]
Riyadh Fashion Week has set its sights high as it aims to become a significant player in the global fashion landscape. The second edition of this event, which ran from October 17 to 21 in Saudi Arabia’s capital, showcased the creativity and talent of local designers. Held across three venues, including the stunning Tuwaiq Palace, […]
Interparfums, a prominent European fragrance licensee, reported a remarkable 15% increase in sales year-on-year, totaling $425 million for its third-quarter earnings ending September 30. This performance not only surpassed analysts’ expectations of $413 million but also highlights the growing consumer appeal for prestige perfumes. The company, known for producing and distributing prestigious fragrances for notable […]
Anastasia Beverly Hills (ABH) has long been a powerhouse in the beauty industry, renowned for its brow products and high-glam marketing strategies. However, recent developments paint a picture of a brand struggling to maintain its prior glory. Once valued at $3 billion and the darling of influencers and beauty enthusiasts alike, the company is now […]
A California judge has issued a temporary pause on Google’s proposed overhaul of its Play Store, allowing for further review in an ongoing antitrust case. This decision grants Google additional time as an appeals court evaluates the original ruling that mandated significant changes to its app distribution platform. The controversy traces back to an antitrust […]
As Nigeria’s digital economy expands, the call for enhanced security measures surrounding its telecommunications infrastructure has grown louder. Key stakeholders within the sector, including significant figures from IHS Towers and the Association of Licensed Telecommunication Operators of Nigeria (ALTON), have expressed urgent concerns regarding the vulnerabilities faced by this critical infrastructure, now designated as Critical […]
The U.S. Securities and Exchange Commission (SEC) has recently made a pivotal decision by approving the listing of options for 11 exchange-traded funds (ETFs) linked to spot Bitcoin prices on the New York Stock Exchange (NYSE). This landmark development not only signifies a considerable advancement for the cryptocurrency market but also offers institutional investors enhanced […]
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