The BoF Podcast | The Great Luxury E-Commerce Reckoning The landscape of luxury e-commerce is undergoing a profound transformation, with industry leaders spearheading innovations to meet the evolving demands of consumers. Recently, at the prestigious BoF VOICES 2024 event, Mytheresa CEO Michael Kliger and Moda Operandi co-founder Lauren Santo Domingo took the stage with BoF […]
Biden issues order to boost AI data centre infrastructure and energy supply
Biden Administration Takes Action to Strengthen AI Data Center Infrastructure and Energy Supply In a strategic move to fortify America’s position in the global technology race, the Biden administration has recently issued an order aimed at bolstering AI data center infrastructure and energy supply. This directive comes in response to the escalating competition, particularly from […]
Apple and Amazon avoid UK lawsuit over reseller dispute
Tribunal Blocks UK Lawsuit Accusing Apple and Amazon of Limiting Competition A recent development in the tech industry has caused waves as a UK tribunal blocked a lawsuit that accused giants Apple and Amazon of restricting competition. The lawsuit, which aimed to hold the two companies accountable for allegedly limiting competition through reseller agreements, was […]
China steps up fight against illegal data activities
China Cracks Down on Illegal Data Activities: A Step Towards Data Security In an era where data is often referred to as the new oil, its protection and regulation have become paramount. China, a global powerhouse in technology and innovation, is taking decisive steps to combat illegal data activities within its borders. Stricter actions are […]
Ikea Retailer to Invest $1 Billion in Recycling Firms
Ikea Retailer to Invest $1 Billion in Recycling Firms Ingka Group, the parent company of furniture giant Ikea, is making waves in the sustainability realm with its recent announcement of a $1 billion investment in recycling firms. This substantial commitment underscores the company’s dedication to environmental stewardship and marks a significant step towards a more […]
Richemont’s Sales Soar 10%
Richemont’s Sales Soar 10%: A Promising Sign for the Luxury Goods Market In the realm of luxury goods, few names hold as much weight as Richemont. The Swiss conglomerate, known for its prestigious brands such as Cartier, Montblanc, and Piaget, has long been a barometer for the health of the high-end market. So when news […]
Richemont’s Sales Soar in Early Sign of Luxury Recovery
Richemont’s Sales Soar in Early Sign of Luxury Recovery Swiss luxury goods group Richemont has recently delivered a promising update to the market, indicating a potential rebound in the high-end retail sector. The company reported a significant 10 percent surge in sales during the three months through December, citing a strong performance despite the challenging […]
Kering Sells Majority Stake in Three Paris Properties to Ardian
Kering’s Strategic Move: Selling Majority Stake in Three Paris Properties to Ardian In a strategic business decision, Kering, the renowned French luxury group, has recently announced the sale of a majority stake in three of its prestigious Paris properties to Ardian, a leading global investment company. This significant transaction marks the beginning of a new […]
TikTok Prepares for US Shutdown From Sunday, Sources Say
TikTok’s Contingency Plan: What Users Can Expect in the Face of US Shutdown As tensions escalate between TikTok and the U.S. government, the popular social media platform is preparing for a potential shutdown in the country. Sources close to the matter have indicated that starting this Sunday, users trying to access TikTok may encounter a […]
How the French Do DTC
How the French Do DTC In the realm of direct-to-consumer (DTC) brands, French labels have been making waves with their unique approach that combines style, affordability, and a strong sense of community. Leading this charge are brands like Sézane, Rouje, and Polène, which have garnered global attention for their products that exude the chic and […]