OTB Struggles with 4% Sales Decline Despite Success Stories at Diesel and Margiela Italian fashion conglomerate OTB, known for its renowned brands such as Diesel, Jil Sander, Maison Margiela, Marni, and Viktor&Rolf, faced a challenging year in 2024. Despite individual success stories within the group, OTB reported a 4.4% decline in turnover, amounting to €1.8 […]
US Clothing Prices Fall in January
US Clothing Prices Fall in January In a surprising turn of events, the latest reports indicate that clothing prices in the United States have taken a downward plunge in January. This unexpected shift comes at a time when prices for all goods have been on the rise, making the decline in apparel costs even more […]
Blackstone remains bullish on data centres despite AI cost concerns
Blackstone Remains Bullish on Data Centres Despite AI Cost Concerns In today’s rapidly evolving technological landscape, the demand for data centers continues to surge as businesses and consumers alike rely on digital services more than ever before. While concerns about the costs associated with artificial intelligence (AI) implementation linger, industry analysts remain optimistic about the […]
The BoF Podcast | The Luxury Crisis, Explained
The Luxury Crisis: Understanding the Forces Behind the Slowdown In a recent episode of The BoF Podcast, Imran Amed and Bob Safian engaged in a thought-provoking discussion about the current state of the luxury industry. The conversation revolved around the various forces that have contributed to the slowdown in the luxury sector and what steps […]
LG Energy Solution reports loss and cuts investment
LG Energy Solution Reports Loss and Cuts Investment The electric vehicle (EV) industry has been experiencing rapid growth in recent years, with major players like LG Energy Solution investing heavily in battery technology to meet the increasing demand for electric vehicles. However, the landscape has taken an unexpected turn as LG Energy Solution recently reported […]