Ferragamo’s Sales in North America Buck the Trend, Rising 6.3% in Q4 Italian luxury fashion house Salvatore Ferragamo has recently reported a 4% decrease in sales for the fourth quarter of the fiscal year. Despite the overall dip in sales, the North American region emerged as a bright spot for the brand, with a notable […]
VF Corp Beats Quarterly Estimates as Turnaround Plan Pays Off
VF Corp Beats Quarterly Estimates as Turnaround Plan Pays Off VF Corporation, the renowned American apparel and footwear company, has recently reported impressive financial results, surpassing revenue and profit estimates for the third consecutive quarter. This achievement marks a significant turnaround for the company, which had been grappling with demand headwinds and losses earlier in […]
Repsol announces 4 billion euro data centre project, Expansion reports
Repsol’s Strategic Shift: A €4 Billion Investment in Cloud Infrastructure In a bold move signaling a strategic shift towards the digital sector, Repsol has recently announced a key investment in cloud infrastructure. The Spanish energy giant is set to embark on a groundbreaking project, committing a staggering 4 billion euros to the establishment of a […]
Zegna Group Returns to Growth in Fourth Quarter
Ermenegildo Zegna Group Returns to Growth in Fourth Quarter Italian luxury fashion house Ermenegildo Zegna Group has made a remarkable comeback, showcasing a return to growth in the fourth quarter. This resurgence comes as a beacon of hope and resilience in the challenging landscape of the fashion industry, marking a significant milestone for the renowned […]
Inside Willa Bennett’s First Issue of ‘Cosmopolitan’
Inside Willa Bennett’s First Issue of ‘Cosmopolitan’ At just 24 years old, Willa Bennett has taken on the immense responsibility of revitalizing one of the most iconic magazines in the world, Cosmopolitan. As the youngest-ever editor of the publication, Bennett is on a mission to breathe new life into the brand and cater to the […]
Decoding Fashion and Retail Priorities With BoF and Shopify
Decoding Fashion and Retail Priorities With BoF and Shopify Executives and technology leaders from luxury and fashion brands such as Kering, Hermès, Gucci, Fendi, Nordstrom, Tapestry, Savage x Fenty, Versace, and Value Retail recently converged in New York City for an exclusive dinner hosted by Business of Fashion (BoF) and Shopify. The event served as […]
This Week: Luxury’s Reality Check
Luxury’s Reality Check: LVMH Fourth-Quarter Results Awaited with Bated Breath Luxury conglomerate LVMH, home to prestigious brands like Louis Vuitton, Dior, and Moët & Chandon, is set to release its fourth-quarter results. The stakes are high as industry insiders eagerly anticipate whether the report will confirm signs of a rebound in the luxury sector or […]
Oracle shares surge amidst major AI investment announcement
Oracle Shares Soar as Stargate AI Venture with OpenAI and SoftBank Sparks Investor Excitement In the fast-paced world of technological advancements, the recent announcement of the Stargate AI venture has sent shockwaves through the industry. Oracle, a global leader in database software and cloud solutions, has made headlines with its strategic collaboration with OpenAI and […]
Spain to allocate 150 million euros for AI integration in companies
Spain to Allocate 150 Million Euros for AI Integration in Companies Spain has recently announced a groundbreaking initiative to allocate a substantial sum of 150 million euros towards the integration of artificial intelligence (AI) in companies. This move comes as part of a comprehensive plan aimed at driving digital transformation across various sectors of the […]
EU launches Chips JU pilot lines to boost semiconductor innovation
EU Launches Chips JU Pilot Lines to Boost Semiconductor Innovation The European Union (EU) has taken a significant stride towards enhancing semiconductor innovation and manufacturing capabilities with the introduction of the Chips Joint Undertaking (JU) pilot lines. With a substantial investment of €3.7 billion, this initiative aims to revolutionize the semiconductor industry in Europe, fostering […]