Report: LVMH in Talks to Offload Marc Jacobs In a recent development reported by the Wall Street Journal, luxury conglomerate LVMH is currently in discussions to offload the iconic fashion brand Marc Jacobs. The group has been engaged in talks with several potential buyers, with names such as Authentic Brands, Bluestar Alliance, and WHP Global […]
McDonald’s faces backlash over AI hiring system security failures
McDonald’s AI Hiring System Under Fire for Security Failures McDonald’s, the fast-food giant known for its iconic golden arches and Big Macs, is currently facing a wave of backlash following the revelation of significant security flaws in its AI hiring system. Recent findings by researchers have brought to light alarming vulnerabilities that have exposed applicant […]
Nike Ends Relationship With Kyrie Irving
Nike Ends Relationship With Kyrie Irving Nike, the global sportswear giant, has made a bold decision to sever ties with NBA star Kyrie Irving. This move comes after the brand suspended Irving on November 4th, following the player’s sharing of a link to a film containing anti-semitic views. What set the stage for the termination […]
What a Winning Strategy Looks Like in Today’s Sneaker Market
The Winning Strategy in Today’s Sneaker Market: A Closer Look at Nike and On In the ever-competitive world of sneakers, two brands have managed to rise above the rest and claim the top spots in the market. Nike and On have become the powerhouses of the sneaker industry, and their success can be attributed to […]
The Gorpcore Empire Behind Salomon and Arc’teryx
The Gorpcore Empire Behind Salomon and Arc’teryx In the ever-changing landscape of sportswear, Amer Sports is strategically positioning itself to dominate the market with its iconic brands like Salomon and Arc’teryx. The Finnish company has set its sights on scaling its three largest companies, including the well-known tennis racket maker Wilson, into €1 billion sportswear […]
Nike CEO Finishes C-Suite Makeover With McDonald’s Executive
Nike CEO Finishes C-Suite Makeover With McDonald’s Executive In a strategic move to bolster its leadership team, Nike’s CEO Elliott Hill has recently appointed Michael Gonda, a seasoned executive from McDonald’s, to spearhead the communications department. This decision comes as part of the ongoing turnaround efforts for the renowned sportswear brand, as reported by Bloomberg. […]
Tesla’s European sales collapse as Elon Musk’s politics fuel consumer backlash
Tesla’s European Sales Collapse as Elon Musk’s Politics Fuel Consumer Backlash Elon Musk’s political baggage is catching up with Tesla — this time in Europe. Sales of the electric car company have taken a significant hit as consumers are starting to distance themselves from Musk’s controversial political statements and actions. This shift in consumer behavior […]
Why China’s Gold Jewellers Are the Envy of Global Brands
China’s Gold Jewellers: The Shining Stars in the Luxury Market In the realm of luxury markets, where trends fluctuate and consumer preferences evolve at a breakneck pace, China’s gold jewellers have managed to carve out a unique and enviable position for themselves. Brands such as Laopu Gold and Lao Feng Xiang are not just thriving; […]
Valentino Sales Slipped by 2% in 2024
Valentino Sales Slipped by 2% in 2024: A Closer Look at the Impact on the Brand’s Strategy Valentino, the renowned Italian fashion house, faced a minor setback in 2024 as its sales dipped by 2%. While this news may raise eyebrows in the fashion industry, a deeper dive into the numbers reveals a strategic move […]
Kering Shares Plunge 12% After Gucci’s Demna Appointment
Kering Shares Plunge 12% After Gucci’s Demna Appointment Kering, the renowned luxury goods company, recently experienced a significant setback as its shares plummeted by 12% following the announcement of Demna Gvasalia’s appointment as the new creative director of Gucci. This unexpected news sent shockwaves through the industry and sparked controversy on social media platforms, leading […]