Crown Affair, a prestige hair care brand renowned for its commitment to air-drying and natural styling methods, has successfully secured $9 million in a Series B funding round led by True Beauty Ventures. This substantial investment marks a significant milestone for the four-year-old company, signifying its continued growth and potential in the competitive beauty market. […]
Frasers Calls for Removal of Boohoo Director Mahmud Kamani
In a striking move within the competitive landscape of the UK retail sector, Mike Ashley’s Frasers Group Plc has prompted Boohoo Group Plc’s shareholders to oust co-founder Mahmud Kamani from his directorial position. This call for action stems from claims of ineffective governance and financial mismanagement, marking another chapter in the ongoing tussle between two […]
JD Sports Shares Slump 14% After Profit Warning
The recent profit warning from JD Sports has captured the attention of investors and industry professionals alike, as the British fashion and sports retailer revealed disappointing sales figures for October. The impact of mild weather combined with aggressive discounting from competitors has led to an immediate sell-off, resulting in a 14% drop in shares. This […]
Temu Owner PDD’s Sales Slow Sharply After China Market Sputters
The recent performance of PDD Holdings Inc., the parent company of the popular shopping app Temu, has sent shockwaves through the e-commerce industry. In a stark warning to investors, PDD has admitted that its profitability is at risk due to escalating competition and sluggish consumer confidence in China, its home market. The company’s shares plummeted […]
LVMH’s Antoine Arnault Reveals Plans for Paris Football Club
Antoine Arnault, a prominent figure in the luxury sector and heir to the LVMH empire, is poised to transform Paris FC, currently a second-tier football club, into a formidable competitor to its high-profile neighbor, Paris Saint-Germain (PSG). Arnault’s vision for Paris FC arrives at a critical junction for French football, which faces numerous financial hurdles, […]
Kiko Kostadinov Opens First US Store in Los Angeles
Kiko Kostadinov, the Bulgarian-British designer, is making an ambitious leap into the American retail scene with the opening of his first flagship store in Los Angeles on November 22. This 1,500-square-foot space represents not just a physical store, but a strategic move to position his brand within a vibrant artistic and entertainment community. Located in […]
DuckDuckGo Calls for New EU Action Against Google
Privacy-focused search engine DuckDuckGo has taken a bold step by urging the European Commission to initiate three new investigations into Google’s compliance with the Digital Markets Act (DMA). The company asserts that despite the 2022 legislation aimed at curbing the dominance of Big Tech companies, the anticipated changes in the search market have not materialized. […]
South Korea's Upcoming Cryptocurrency Gains Tax: What You Need to Know
In a decisive move, South Korea’s Democratic Party (KDP) is advancing legislation to impose a tax on cryptocurrency gains starting January 1, 2025. This announcement comes amidst a backdrop of ongoing debates within the government, particularly with the ruling People’s Power Party (PPP), which has suggested a postponement to 2028. The KDP, however, is countering […]
## Australia Introduces Groundbreaking Bill to Ban Social Media for Children Under 16
Australia is set to take a significant step in child safety online with the introduction of a groundbreaking bill aimed at banning social media use for individuals under the age of 16. This proposed legislation not only seeks to impose stricter regulations on social media platforms but also comes with hefty fines for those that […]
Hackers Face Charges in the Scattered Spider Case: An Overview of Recent Cybercrime Developments
In a significant development in the world of cybersecurity, five alleged members of the hacking group known as Scattered Spider are facing criminal charges in the United States. Prosecutors have launched a case against these individuals, accusing them of orchestrating elaborate phishing schemes aimed at stealing sensitive information and cryptocurrency from various victims. This case […]