The recent report titled “Stopping Big Tech from Becoming Big AI,” created by the Open Markets Institute and Mozilla, highlights significant concerns regarding the concentration of power among major technology companies in the artificial intelligence sector. As artificial intelligence becomes increasingly integral to global economic structures, the report serves as a warning against the detrimental […]
In a significant development in the consumer products sector, hedge fund Starboard Value has acquired a stake in Kenvue, the parent company of well-known brands such as Band-Aid, Listerine, and Tylenol. This move comes at a challenging time for Kenvue, which has witnessed its stock price plummet by 18% since its IPO in May 2023. […]
In an era where innovation shapes the beauty landscape, the UK-based biotech skincare brand, Reome, has captured attention with its successful first round of funding. Launched by former beauty editor Joanna Ellner in January 2023, Reome recently raised over £1.1 million ($1.4 million) led by Rianta Capital, the investment arm of New Look founder Tom […]
Moncler, the renowned Italian skiwear brand, has set a new benchmark in luxury fashion with its impressive “The City of Genius” event held in Shanghai. Taking place inside a former shipyard in the dynamic heart of the city, the event showcased the latest from Moncler’s ongoing collaborations with a roster of celebrities and influential designers, […]
In a bold move to attract its growing female fan base, the National Football League (NFL) has announced a collaboration with the New York-based fashion brand Veronica Beard. This partnership aims to bridge the gap between sports and high fashion, offering a fresh perspective on game day attire for women. Following a significant increase in […]
In a recent interview, Olivier Bron, CEO of Bloomingdale’s, highlighted some critical challenges facing the American department store sector today. With a career that spans reputable institutions like Galeries Lafayette in Paris and Central Group in Thailand, Bron has an outsider’s perspective on the traditional American retail landscape. His insights reveal that rather than a […]
The intersection of creativity and commerce has always been a fascinating territory, especially in the beauty industry. Recently, Hiromi Ueda, the global makeup artist for Armani Beauty, shared her insights on how she channels creativity into her commercial success. Her journey from Japan to the fashion capitals, and her unique approach to makeup artistry, sheds […]
In the world of luxury goods, the recent woes of LVMH, Kering, Hermès, and Zegna raise pressing questions about the future direction of the sector. Following LVMH’s disappointing sales figures, analysts and investors alike are questioning just how far this downturn will extend. The situation becomes especially alarming given LVMH’s status as the leading indicator […]
In an unexpected twist for the luxury sector, LVMH, the world’s largest luxury goods conglomerate, revealed a 5 percent decline in third-quarter sales within its core fashion and leather goods division. This includes iconic brands such as Louis Vuitton, Dior, and rising stars like Loewe and Celine. This downturn arrives after a prolonged period of […]
The excitement surrounding the launch of Jacquemus’ first US boutique in New York’s SoHo is a testament to the brand’s growing allure. Renowned for its vibrant marketing, whimsical accessories, and theatrical runway shows, Jacquemus has captured the attention of fashion enthusiasts globally. This pivotal moment not only signifies the brand’s expansion into the American market […]
