Mulberry has taken a significant step by appointing Andrea Baldo, former Ganni CEO, as its new chief executive. Baldo is set to replace Thierry Andretta, who departs immediately, with Baldo assuming his role on September 1. This leadership change arrives during challenging times for the British handbag brand. Andrea Baldo is no stranger to steering […]
Dyson Ltd. will cut approximately 1,000 jobs in the UK, representing nearly a third of its local workforce, as part of a comprehensive restructuring strategy. Hanno Kirner, who took over as CEO earlier this year, explained that the company’s rapid growth led to this move. The announcement was made to employees on Tuesday, with plans […]
The success of Adidas’ low-rise multi-colored Samba and Gazelle sneakers, coupled with weaker sales at Nike, is poised to boost the German sportswear giant’s second-quarter performance. Analysts predict Adidas will achieve a profit margin of 51.4%, the highest in three years, supported by a 4.5% rise in revenue, reaching 5.6 billion euros ($6.1 billion). In […]
Ultra-fast-fashion giant Shein revealed plans to invest €250 million in British and European designers and circularity initiatives over the next five years. This move seeks to tackle regulatory crackdowns on “fast fashion” and gain support for a potential London IPO. Shein introduced a €200 million circularity fund targeting textile-to-textile recycling and innovation, encouraging co-investment from […]
Japan is experiencing a notable surge in luxury sales. The weak yen is a significant factor, attracting international tourists who find it cheaper to buy high-end goods in Japan than in their home countries. An Australian financier shared an instance where his wife traveled to Tokyo from Melbourne solely to purchase luxury items, which came […]
Ultra-fast-fashion giant Shein said it will invest €250 million ($271 million) in British and European designers and circularity initiatives over the next five years as it seeks to manage a regulatory crackdown targeting “fast fashion” and drum up support for a potential IPO in London. The disruptive Singapore-based e-tailer said Tuesday that it plans to […]
Chilean retail giant Parque Arauco is making a bold move in Colombia with the acquisition of Parque Alegra in Barranquilla. This purchase through a local subsidiary solidifies Parque Arauco’s commitment to expanding its footprint in Colombia. With established presence in Chile, Peru, and Colombia, the Santiago-based firm already owns malls that host notable brands including […]
Navigating the digital business world, innovation is key. One emerging trend is the integration of generative AI in customer service. A prime example is the use of AI chatbots. AI chatbots streamline customer service by providing instant responses. Companies like H&M use them for answering common queries, which saves time and reduces the workload on […]
In the transforming landscape of identification, the UK finds itself at a crucial crossroads, debating between digital IDs and national ID cards. This conversation isn’t new; it harks back to the discontinuation of national ID cards in 2010 due to privacy concerns and civil liberties opposition. Proponents of digital IDs argue they offer unmatched convenience […]
Moving Beyond Internet Explorer: A Business Imperative Despite lasting over two decades, Internet Explorer (IE) is reaching its twilight. For businesses that have yet to transition away from the browser, the time is now. Transitioning from IE is not merely a matter of updating software but safeguarding operational efficiency and security. Microsoft stopped supporting most […]
