Levi Strauss & Co. has recently adjusted its full-year revenue projections, now indicating growth at the lower end of its guidance. This shift raises serious questions about ongoing consumer demand for its iconic denim products, particularly within its traditionally strong Americas market. In the fiscal third quarter ending August 25, Levi reported that its net […]
JD Sports’ UK Business Hit by Bad Weather and Red Sea Disruption
JD Sports has recently revealed that its UK business is facing significant challenges due to a combination of adverse weather conditions and supply chain disruptions in the Red Sea. These factors have collectively contributed to a notable decline in sales, particularly in their outdoor product lines, as reported in their latest financial statements. Falling Sales […]
AI Startup Claims to Enhance Chatbot Capabilities
The landscape of artificial intelligence continues to evolve, and at the forefront of this innovation is a promising startup named Augmented Intelligence. This company has recently emerged from stealth mode with a substantial funding boost of $44 million. What sets Augmented Intelligence apart is its ambition to reshape chatbot capabilities, claiming that its AI platform, […]
Mulberry Wants to Go It Alone, Rejects Frasers Takeover Bid
Mulberry Group Plc has recently declined a takeover offer from Mike Ashley’s Frasers Group Plc, highlighting its ambition to remain independent and confirming its faith in newly appointed CEO Andrea Baldo to rejuvenate the British handbag brand. This decision marks a pivotal moment not just for Mulberry but for the broader landscape of the luxury […]
AI Growth Fueled by New Malaysian Policy
In a bold move to establish itself as a center for artificial intelligence (AI) innovation, Malaysia has announced significant plans to create a national cloud policy and regulations to encourage ethical AI practices. Prime Minister Anwar Ibrahim highlighted these initiatives amid rising global tech investments, which are vital for developing the infrastructure needed to meet […]
Vietnam to Host Meta's New AI and Tech Projects
Vietnam is poised to play a significant role in Meta’s operations as the tech giant ramps up its investments in artificial intelligence (AI) and manufacturing within the country. This pivotal decision to expand in Vietnam underscores the growing importance of the Southeast Asian market for global tech companies, especially those looking to establish a foothold […]
ByteDance's Shift to Huawei Chips: Navigating AI Development Amid Global Supply Challenges
As the competition in artificial intelligence (AI) intensifies, businesses are making strategic moves to ensure they remain at the forefront of innovation. ByteDance, the parent company of TikTok, is making headlines by turning to Huawei’s chips to power its next generation of AI models. This shift comes at a crucial time when U.S. export restrictions […]
Central Group Acquires Swiss Luxury Chain Globus
In a significant move within the retail landscape, Thailand’s Central Group has acquired the prestigious Swiss luxury department store chain, Globus. This deal marks a notable shift in ownership from Rene Benko’s Signa group, which has faced insolvency challenges. The revelation made public on September 30, 2024, signals Central Group’s growing influence in the luxury […]
Samsung Launches AI-ready Galaxy Tab S10 Series: A New Era of Productivity
Samsung has officially introduced its highly anticipated AI-ready Galaxy Tab S10 series, comprising the Galaxy Tab S10 Ultra and the S10+. These devices, powered by the cutting-edge MediaTek Dimensity 9300+ processors, promise to enhance performance through advanced processing capabilities across CPU, GPU, and NPU. As businesses and professionals increasingly rely on mobile technology, Samsung’s latest […]
This Week: Nike’s Next Chapter Begins
When Nike decided to replace chief executive John Donahoe earlier this month, the reaction at the company’s headquarters in Beaverton, Oregon, was nothing short of euphoric. Employees reportedly celebrated with cheers and even popped bottles of Prosecco, welcoming the appointment of Elliott Hill—a seasoned insider with over 30 years at the company. Hill’s selection suggests […]