India’s Higher Clothing Tax Threatens Setback for Global Fashion Brands India, known for its vibrant colors, intricate designs, and rich textiles, has long been a hub for the global fashion industry. However, a recent consumer tax reform in the country is sending ripples of concern through the fashion world. The Indian government has decided to […]
Sonoma Brands Invests in British Beauty Distributor Discovered Brands
Sonoma Brands Makes Strategic Investment in British Beauty Distributor Discovered Brands Sonoma Brands, the American private equity firm, has recently made a significant move in the beauty industry by announcing a minority investment of approximately $15 million in Discovered Brands, a London-based distributor. This strategic investment showcases Sonoma Brands’ commitment to the beauty sector and […]
Pop Mart’s New Mini Labubu Doll Sells Out Instantly in China
Pop Mart’s New Mini Labubu Doll Sells Out Instantly in China Pop Mart, the renowned toy company, has once again captivated the hearts of toy enthusiasts with its latest release of the Mini Labubu Doll in China. The much-anticipated launch saw an unprecedented surge in demand, resulting in a swift sell-out of the adorable collectible […]
World’s first industrial-scale fossil-free plastics production complex to be built in Belgium
World’s First Industrial-Scale Fossil-Free Plastics Production Complex to Be Built in Belgium The world’s first industrial-scale fossil-free plastics production facility is set to be established in Belgium. This groundbreaking initiative is a significant step towards a more sustainable future, addressing the pressing issue of plastic pollution and the reliance on fossil fuels in the production […]
The RealReal Posts Record Quarterly Revenue, Raises Annual Forecast
The RealReal Soars with Record Quarterly Revenue and Increased Annual Forecast The luxury resale platform, The RealReal, is making waves in the fashion industry once again as it recently announced record-breaking quarterly revenue. The company’s stellar performance has not only caught the attention of investors but has also solidified its position as a leader in […]
Watches of Switzerland Tumbles After Trump’s 39 percent Tariff Salvo
Watches of Switzerland Tumbles After Trump’s 39 percent Tariff Salvo The world of luxury timepieces is feeling the heat as Watches of Switzerland, the renowned retailer of Rolex and other Swiss watches, experiences a significant setback. Following President Trump’s bold move to impose a hefty 39 percent tariff on Swiss watches, the company’s shares have […]
Levi Strauss Limits Selection for Holiday Shopping Season Due to Tariffs
Levi Strauss Limits Selection for Holiday Shopping Season Due to Tariffs The upcoming holiday shopping season might look a bit different for fans of Levi Strauss. The iconic denim brand, known for its quality products and wide range of styles, is making a strategic move in response to tariffs and economic pressure. Levi Strauss is […]
For Retailers, US-Vietnam Trade Deal Leaves Questions
For Retailers, US-Vietnam Trade Deal Leaves Questions The recent implementation of new US tariffs on Vietnamese imports has sent shockwaves through the retail industry, leaving sportswear and clothing giants like Nike and Adidas grappling with uncertainty. The trade deal between the United States and Vietnam, once seen as a beacon of hope for affordable manufacturing […]
Nike CEO John Donahoe to Step Down
Nike CEO John Donahoe to Step Down Nike, the iconic sportswear giant, is undergoing a significant leadership change as CEO John Donahoe steps down. Donahoe, who took the helm in January 2020, has faced challenges during his tenure, and now will be succeeded by Elliott Hill, a seasoned veteran of the company. Hill, who retired […]
Yale scientists crack eggshell waste problem, turn it into sustainable ceramic glaze
Yale Scientists Crack Eggshell Waste Problem, Turn It Into Sustainable Ceramic Glaze A New Haven ceramic artist and Yale University material scientist have teamed up to turn eggshell waste into a sustainable ceramic glaze, revolutionizing the industry’s approach to waste management and sustainability. This innovative collaboration showcases the power of interdisciplinary partnerships in driving environmental […]