Unilever Prestige has made a significant move by appointing Mary Carmen Gasco-Buisson as its new chief executive officer, starting on November 1. This leadership transition comes at a pivotal moment for the prestige division, which has seen substantial changes recently, including the departure of its founding CEO, Vasiliki Petrou, earlier this year in July. A […]
Marine Heatwaves: The Growing Threat to Ecosystems and Economies
The impact of marine heatwaves is becoming increasingly evident around the globe, and regions that once appeared shielded are now experiencing alarming changes. From Japan to South America and even the North Atlantic, the frequency and intensity of these extreme temperature spikes are rising. Marine heatwaves, defined as periods of unusually high sea surface temperatures […]
The Top 10 Shows of the Season
Fashion month recently concluded, presenting a mixed bag of innovative designs and sobering realities. With an air of anticipation, industry insiders and fashion enthusiasts alike tuned in for the newest collections from renowned designers, hoping to witness a burst of creativity. This Spring-Summer 2025 season has certainly marked the runway with remarkable showcases, but it […]
Should Fashion Brands Still Make Employees Move for a Job?
In recent years, the world of work has undergone a significant transformation, especially post-pandemic. Many companies are now grappling with the issue of location flexibility and its implications for employee satisfaction and productivity. The fashion industry, like many others, is left wondering whether relocation should remain a standard requirement or if a more flexible approach […]
US Port Strike Resolved: What It Means for the Retail Industry
The temporary resolution of the dockworkers’ strike at US East and Gulf Coast ports marks a pivotal moment for the retail industry, especially as the holiday season approaches. The International Longshoremen’s Association (ILA) recently announced that dockworkers have agreed to suspend their strike until January 19, allowing cargo operations to resume while negotiations on a […]
Shein Plans Investor Meetings Ahead of London IPO
The fast-fashion juggernaut, Shein, has set its sights on an initial public offering (IPO) in London, initiating informal meetings with potential investors to gauge interest. This strategic move comes as the Singapore-based retailer navigates regulatory approvals necessary for the listing, which is seen as a crucial step to solidify its position in the competitive fashion […]
Stüssy To Open a New Flagship in New York
The iconic California streetwear brand Stüssy is making a significant return to New York City, setting the stage for a promising revival in physical retail. The brand has secured an expansive 5,600 square-foot location at 50 Prince Street, previously occupied by the beloved bookstore McNally Jackson. This move is confirmed through work permits filed for […]
New VAT Law Targets Tech Giants in the Philippines
The Philippine government has introduced a groundbreaking 12% value-added tax (VAT) on digital services provided by foreign companies, effectively placing tech giants like Amazon, Netflix, Disney, and Google under the same tax regime as local businesses. Signed into law by President Ferdinand Marcos Jr., this initiative aims to foster fair competition and generate additional revenue […]
OpenAI Seeks Investor Commitment Against Competitors
In a strategic move to solidify its dominance in the increasingly competitive artificial intelligence sector, OpenAI is not merely seeking capital; it is aiming to forge exclusive commitments from its investors. The company has garnered substantial backing, with high-profile investors like Thrive Capital and Tiger Global committing a staggering $6.6 billion. However, OpenAI’s latest request […]
SWIFT Expands into Digital Currency Space
The landscape of global finance is changing rapidly, notably with the increasing interest in digital currencies and tokenized assets. SWIFT, the global financial messaging service, is set to take significant steps in this direction. In 2024, the organization will begin trials for live transactions involving digital currencies and tokenized assets, reflecting a clear shift toward […]