The European Union (EU) has requested comprehensive information from Amazon regarding its compliance with the Digital Services Act (DSA). The DSA, enacted to address illegal content and enhance transparency in online platforms, poses a significant regulatory challenge for major tech companies like Amazon. Amazon’s expansive marketplace model places it under scrutiny, as it hosts numerous […]
In today’s competitive market, brands are recognizing the need to balance direct-to-consumer (DTC) and wholesale strategies. Exclusively focusing on either can limit their growth potential. The key lies in harmonizing both approaches to maximize sales and profits. Emerging and established labels are increasingly streamlining their retail partners, selecting those that align best with their brand […]
British fashion house Burberry Group Plc is anticipated to lay off hundreds of jobs, primarily in the UK, following a significant drop in its stock market value, according to the Telegraph. In late June, employees were informed via a Zoom meeting that they might face redundancy or would need to reapply for their roles. Burberry […]
The post-pandemic travel boom is showing no sign of slowing. In the US, daily travelers passing through airport security have reached all-time highs, according to the Department of Transportation. July 4th saw record numbers of Americans hitting the road. Meanwhile, Chinese tourists are taking international trips nearing pre-Covid levels, with outbound trips reaching 89% of […]
In the world of business, innovation is the key to success, and today’s businesses must constantly evolve to stay ahead. Companies that fail to innovate risk falling behind competitors who eagerly embrace new technologies and strategies. For instance, take the example of Blockbuster, which continued its traditional business model despite the rise of digital streaming. […]
The BoF Podcast | Tim Blanks and Imran Amed on Haute Couture Week 2024 The Paris Couture Week has wrapped up, leading BoF’s editor-at-large, Tim Blanks, and editor-in-chief, Imran Amed, to discuss the highlights and their key takeaways. Their discussion not only covered significant collections but also explored the emotional farewell of Dries Van Noten […]
The landscape of digital marketplaces is shifting as Apple faces a significant challenge from the European Union. On May 16, 2024, Apple filed a case disputing the European Commission’s decision related to the operations of its App Store. Among the core issues raised by Apple are the definitions of the relevant market and anti-steering provisions. […]
Crypto thefts have surged dramatically in 2024. As of June, hackers have stolen over $1.38 billion worth of crypto, a significant increase from $657 million in the same period of 2023. This rise in thefts underscores the vulnerabilities in the crypto sector and the need for enhanced security measures. Several high-profile incidents have contributed to […]
In a landmark development, an international coalition led by the UK’s National Crime Agency (NCA) has successfully dismantled hundreds of illegal installations of the Cobalt Strike software. This penetration testing tool, originally intended for legitimate security testing, had been widely misused by cybercriminals and ransomware gangs across 27 countries. Cobalt Strike, used by ethical hackers […]
In a strategic move to bolster cybersecurity and digital skills across the European Union, the EU Commission has unveiled a fund worth €210 million under its Digital Europe Programme (DEP). Introduced in 2021, the DEP aims to expedite the EU’s digital transformation and is equipped with a total budget of €7.5 billion over a span […]
