Shein’s London IPO Stalled Amid US Tariff Fallout Shein, the fast-fashion giant known for its trendy and affordable clothing, has hit a roadblock in its plans to go public. Progress on the company’s initial public offering (IPO) for a listing in London has come to a halt, according to a report by Bloomberg. The reason […]
Luxury Has a Fake News Problem. Is Silence the Right Strategy?
Luxury Brands Facing Fake News: The Power of Silence Luxury megabrands such as Hermès, Chanel, and Louis Vuitton are no strangers to the spotlight. Known for their impeccable craftsmanship, exclusivity, and timeless allure, these fashion houses have built empires based on tradition, quality, and prestige. However, in the age of social media and viral trends, […]
Toyota doubles down on electric vehicles as others pull back, eyes 35% shift by 2030
Toyota Doubles Down on Electric Vehicles as Others Pull Back, Eyes 35% Shift by 2030 While the world sprinted toward an electric future, Toyota stood still. But the Japanese carmaker has made a significant pivot in its strategy, now doubling down on electric vehicles as others in the industry seem to be pulling back. This […]
Lululemon Forecasts Annual Results Below Estimates
Lululemon Faces Investor Disappointment as Annual Results Fall Below Estimates Lululemon Athletica Inc., the popular athletic apparel retailer, recently announced its annual financial forecast, sending ripples of concern through the investment community. The company’s projection came in below analysts’ estimates, causing a notable 8.1 percent drop in its shares during extended trading. This development marks […]
Ulta Beauty Braces for a Challenging 2025
Ulta Beauty Braces for a Challenging 2025 Ulta Beauty, the renowned US retailer in the beauty industry, is gearing up to face a challenging year ahead as it indicates a soft start to 2025. The beauty giant, known for its extensive range of beauty products and services, is feeling the impact of a global slowdown […]
Mango’s Sales Rise 8% in 2024
Mango’s Sales Rise 8% in 2024: A Result of Strategic International Expansion Mango, the renowned Spanish fashion retailer, has recently made headlines with an impressive 8% increase in sales for the year 2024. The company reported a total revenue of 3.33 billion euros ($3.62 billion), marking a significant milestone in its journey towards global success. […]
Olaplex Sales Slide 9.8%, Specialty Retail Recovers
Olaplex Sales Slide 9.8% in Q4 as Specialty Retail Sector Recovers The biotechnology hair care company, Olaplex, recently reported a 9.8% decrease in sales, amounting to $100.7 million in its fourth-quarter earnings. This decline was primarily driven by a significant drop in professional sales. However, amidst this setback, there is a silver lining as the […]
Italian Court Lifts Supervision of Dior Unit Over Labour Exploitation
Italian Court Lifts Supervision of Dior Unit Over Labour Exploitation In a significant development, an Italian court has lifted the supervision of a Dior unit over allegations of labor exploitation. This decision comes after the luxury fashion house faced scrutiny when Italian prosecutors linked it to sweatshops on the outskirts of Milan. The company, known […]
EU to Pare Back Sustainability Rules for Companies, Draft Shows
EU to Pare Back Sustainability Rules for Companies: A Strategic Move to Boost Competitiveness In a bid to enhance the competitiveness of local industries and address the challenges posed by the promise of regulatory rollbacks by the Trump administration, Brussels is gearing up to unveil an “omnibus” proposal aimed at streamlining sustainability regulations for businesses. […]
EU Moves Closer to Putting a Waste Tax on Fashion
EU Takes Steps Forward in Imposing Waste Tax on Fashion In a groundbreaking move, the European Union is making strides towards implementing a waste tax on the fashion industry. This significant development means that brands and retailers will soon be obligated to bear the expenses associated with collecting, sorting, and recycling old clothes. The implications […]