In a groundbreaking move, the United States, European Union, and United Kingdom have united to safeguard the fairness of the generative AI market. This coalition recognizes the transformative potential of AI technologies and aims to ensure that competition remains vibrant amidst growing concerns regarding market monopolization. The statement issued by these governments highlights several key […]
Bangladesh faces fifth day without internet amid protests
Bangladesh is currently experiencing a profound crisis marked by widespread protests that have now entered their fifth day, coinciding with a total internet blackout across the country. The ongoing unrest stems from widespread demands for the abolition of a controversial government quota system, which reserves 30% of public sector jobs for the relatives of military […]
Tiffany’s Staff Exits Test LVMH’s Turnaround Playbook
Tiffany & Co.’s transition under LVMH’s control has been fraught with challenges, primarily stemming from ambitious sales targets resulting in high employee turnover. Since its $16 billion acquisition, the jewelry titan has experienced a significant restructuring, but not without pitfalls. While annual sales grew by around $1.5 billion, achieving these ambitious targets proved difficult for […]
How to Get Customers to Shop Online
In a competitive e-commerce landscape, attracting online shoppers is becoming increasingly challenging. As the growth rate of global e-commerce sales declines, brands must utilize innovative strategies to keep consumers engaged. Personalization is essential. Many shoppers expect a tailored experience similar to social media interactions, where content aligns with their preferences. For example, eBay’s “Shop the […]
Off-White, Toteme to Show at New York Fashion Week
New York Fashion Week (NYFW) is set to showcase a concentrated lineup this year, featuring around 60 designers, down from approximately 70 for the Autumn/Winter 2024 season. The Council of Fashion Designers of America (CFDA) recently unveiled the preliminary schedule, igniting excitement among industry insiders and fashion lovers alike. Kicking off the Spring/Summer 2025 season […]
Paris Fashion Week to Include Alessandro Michele’s Valentino Runway Debut; Dries Van Noten’s First Show Without Van Noten
Paris Fashion Week is set to bring excitement to the fashion industry with noteworthy debuts and developments. Kicking off on September 23, 2024, the show will begin with Weinsanto and culminate with Louis Vuitton’s showcase on October 1. Among the highlights is Alessandro Michele’s much-anticipated runway debut at Valentino, after his appointment in March. This […]
Inside Turkey’s Powerful Fashion Factories
## Inside Turkey’s Powerful Fashion Factories Turkey has emerged as a leading destination for brands seeking to diversify their supply chains, especially as they move away from dependence on China. One of the notable players in this space is Kipas Textiles, which supplies major retailers like Asos. This manufacturer leverages vertical integration and speed-to-market capabilities […]
Worldview: Dubai Investors Back Kenyan Beauty Brand Uncover
Kenyan skincare brand Uncover has recently secured $1.4 million in funding led by Dubai-based EQ2 Ventures and US firm IgniteXL Ventures. Founded in 2021 by entrepreneurs Sneha Mehta and Jade Oyateru, Uncover specializes in personalized skincare products made using user data via its app. The company collaborates with South Korean labs to develop tailored products […]
Understanding the Luxury Resale Market in Korea
The luxury resale market in South Korea is witnessing significant transformation, driven by increased consumer engagement and evolving purchasing behaviors. According to Morgan Stanley, Koreans spend an average of $325 annually on luxury goods, placing them among the highest global spenders. This trend aligns with global statistics where the secondhand luxury market reached approximately $49.3 […]
Interparfums Sales Rise 11%, Renews Van Cleef License
Interparfums has reported an impressive 11% rise in net sales for the second quarter of 2024, reaching $342 million, surpassing expectations of $339 million. This growth reflects significant performances across their European and US operations, which increased by 14% and 8%, respectively. The company is known for producing fragrances for renowned brands such as DKNY, […]
