Making Sense of This Week’s Big Fashion Bankruptcies The recent announcements of Forever 21 and Hudson’s Bay heading towards liquidation have sent shockwaves through the fashion industry. These once-thriving retail giants now face the harsh reality of financial collapse, raising concerns about the future of brick-and-mortar stores in an increasingly digital world. However, a closer […]
Microsoft executive says firms are lagging in AI adoption
Firms Lagging Behind in AI Adoption: A Wake-Up Call for Businesses In today’s rapidly evolving business landscape, staying ahead of the curve is more crucial than ever. With the advent of artificial intelligence (AI) technologies, companies have been presented with a powerful tool to enhance productivity, efficiency, and innovation. However, despite the clear benefits that […]
Trump urges Apple to drop diversity policies after shareholder vote
Trump Urges Apple to Reconsider Diversity Policies After Shareholder Vote In a recent turn of events, Apple faced a significant challenge as shareholders voted in favor of diversity policies, sparking a debate that has caught the attention of none other than former President Donald Trump. The shareholder backing for diversity policies at Apple stands in […]
Consumers ‘Under Attack’ Are Pulling Back, Wrangler Maker Says
Consumers ‘Under Attack’ Are Pulling Back, Wrangler Maker Says The retail industry is experiencing a seismic shift as consumers are feeling the squeeze on their wallets. Kontoor Brands, the maker of iconic denim brand Wrangler, recently sent shockwaves through the market with its somber outlook for 2025. The company’s shares plummeted by as much as […]
Op-Ed | Why Luxury Needs Trump
Op-Ed | Why Luxury Needs Trump Bernard Arnault’s recent appearance at the US President’s inauguration might have sparked controversy and surprise among the public. Still, for the Chairman of LVMH, the world’s leading luxury goods company, it was a strategic business move. In the realm of high-end fashion and luxury brands, the intersection of politics […]
SoftBank’s AI venture signals bold strategy
SoftBank’s AI venture signals bold strategy SoftBank’s recent venture into the realm of artificial intelligence has sent shockwaves through the tech industry, signaling a bold and ambitious strategy that highlights the cultural divide in business approaches. The Japanese conglomerate, known for its aggressive investments in technology startups, is now turning its focus towards AI, recognizing […]
The Business of Sustainability: How Companies Can Thrive in an Eco-Conscious World
In today’s landscape, sustainability in business is not merely a trend but a necessity. Companies are increasingly recognizing the imperative to not only generate profit but also contribute positively to the environment and society. This article explores how businesses can integrate sustainable practices to enhance their reputation, meet consumer demands, and ultimately drive success. One […]
Kering Seen Closing Property Deal in Early 2025 to Cut Debt Load
In a strategic move to address its debt challenges, Kering SA, the luxury conglomerate known for brands like Gucci, is preparing to finalize a significant investment deal expected to close in early 2025. This deal will establish a new entity to manage Kering’s extensive real estate portfolio, valued at approximately €4 billion ($4.2 billion), encompassing […]
This Week: Nike’s Elliott Hill Takes the Stage
Elliott Hill’s recent appointment as Nike’s chief executive officer was met with immense optimism within the company, yet details regarding his strategic plan for revolutionizing the brand remain scant. As Nike prepares to announce its third-quarter earnings, there is a palpable sense of anticipation about how Hill intends to steer the iconic sportswear giant back […]
Watches of Switzerland Shares Rise on Signs of Improving Demand
The Watches of Switzerland Group Plc has recently seen a notable improvement in its share price, climbing as much as 8.5 percent during London trading. This rise follows encouraging sales figures from the company, the largest seller of Rolex watches in Britain, as it reported growth in its fiscal second quarter. Despite these gains, the […]