Richemont’s Market Cap Surpasses CHF100 Billion Switzerland’s luxury powerhouse, Richemont, has been making waves in the financial world as its market capitalization recently exceeded a staggering CHF100 billion. This achievement comes on the back of a remarkable six-day streak of share price increases following the company’s outstanding sales performance during the holiday shopping season. The […]
Unilever India Acquires Indian Beauty Brand Minimalist
Unilever India Strengthens Beauty Portfolio with Acquisition of Indian Brand Minimalist In the ever-competitive world of beauty and skincare, strategic acquisitions often prove to be game-changers for industry giants looking to expand their portfolios and reach new consumer segments. Hindustan Unilever, the Indian division of consumer goods conglomerate Unilever, has recently made a significant move […]
Puma Shares Fall After Sales and Profit Miss
Puma Shares Plunge by 18% After Missing Sales and Profit Targets Puma, the renowned sneaker maker, faced a significant setback as its stock plummeted by approximately 18%, marking its lowest level since 2018. The sharp decline came as a result of the company falling short of its sales and profit targets, causing concern among investors […]
Chanel Cuts 70 US Jobs Warning of Challenging Luxury Environment
Chanel Cuts 70 US Jobs Warning of Challenging Luxury Environment Luxury fashion house Chanel is making tough decisions in response to the ever-changing economic landscape. The French maison has announced plans to cut 70 jobs in the United States, which accounts for approximately 2.5 percent of its workforce. This move comes as the renowned luxury […]
Trump Targets Private Companies in DEI Rollback
Trump Targets Private Companies in DEI Rollback The landscape of diversity, equity, and inclusion (DEI) initiatives in the United States is facing a sudden and significant shift. The newly inaugurated US president has signed several executive orders aimed at ending these programs, signaling a rollback on efforts to promote equality and representation in the workplace. […]
Fashion’s Most Anticipated M&A Hot Spots in 2025
Fashion’s Most Anticipated M&A Hot Spots in 2025 The fashion industry is no stranger to mergers and acquisitions, with 2025 shaping up to be a year filled with exciting deals and transformations. As the M&A wave gains momentum, we are witnessing a shift in the landscape, with once-hot legacy labels finding new owners and buzzy […]
US Retail Sales Broadly Advance, Capping a Solid Holiday Season
US Retail Sales Rise 0.4 Percent in December, Reflecting Strong Consumer Demand The latest data on US retail sales has painted a positive picture for the economy as sales saw a 0.4 percent increase in December. This uptick not only indicates robust consumer demand but also serves as a testament to the ongoing economic strength […]
Local businesses in Cannes to accept digital currencies
Local Businesses in Cannes Embrace Digital Currencies for a Brighter Future The picturesque city of Cannes, known for its luxurious film festival and stunning beaches, is now making waves in the world of digital currencies. Thanks to the forward-thinking initiative of Mayor David Lisnard, local businesses in Cannes are set to start accepting digital currencies […]
Marketing 101 for the Unpredictable Year Ahead
Marketing 101 for the Unpredictable Year Ahead As we navigate through the ever-changing landscape of consumer behavior and global economic uncertainty, one thing remains certain – the importance of effective marketing strategies. Despite the challenges posed by higher prices and unpredictable market conditions, consumer spending continues to show resilience. In the year ahead, reaching out […]
The Evolution of Global Textile Sourcing in 2025
The Evolution of Global Textile Sourcing in 2025 As the fashion industry continues to shift and adapt to changing consumer demands and market trends, the landscape of global textile sourcing is also evolving. Ahead of Texworld NYC next week, the biannual trade event that serves as a meeting point for global textile suppliers, manufacturers, and […]