US Slashes Tariff on Small China Parcels by More Than Half: A Step Towards Trade Normalization The recent decision by the United States to reduce tariffs on small parcels from China and Hong Kong has been welcomed as a positive development in the ongoing trade negotiations between the two economic powerhouses. The move, which saw […]
Saks Hires Kirkland & Ellis, PJT to Explore Financing Options
Saks Hires Kirkland & Ellis, PJT to Explore Financing Options Saks Fifth Avenue, a renowned luxury department store, has made a strategic move by enlisting the expertise of Kirkland & Ellis and PJT Partners to navigate through the complex world of financing. With economic pressures looming over the US retail sector, the decision to seek […]
Shiseido Earnings Decline 8.5%, Drunk Elephant Sales Slide 65%
Shiseido Earnings Decline 8.5%, Drunk Elephant Sales Slide 65% Japanese cosmetics powerhouse Shiseido is feeling the sting of shifting market dynamics as it reported an 8.5 percent decrease in sales. This decline, announced on Monday, has sent ripples through the beauty industry, indicating challenges that even major players are facing in the ever-competitive market. One […]
This Week: Is Burberry’s Turnaround a Go?
Is Burberry’s Turnaround Finally Gaining Momentum? Burberry, the iconic British luxury brand, has been on a mission to revive its image and regain its position at the top of the fashion world. After facing several challenges in recent years, from changing consumer preferences to the economic impact of the pandemic, Burberry is now gearing up […]
Stripe launches AI payments model and stablecoin accounts
Stripe and Visa Revolutionize Payments with Global Debit Card Linked to Stablecoin Wallets In a groundbreaking move that is set to disrupt the traditional banking system, online payment processing giant Stripe has teamed up with Visa to introduce a revolutionary global debit card linked to stablecoin wallets. This innovative collaboration marks a significant milestone in […]
The BoF Podcast | Modest Fashion at a Crossroads
The BoF Podcast | Modest Fashion at a Crossroads In a world where fashion trends are ever-changing, one movement has been steadily gaining momentum – modest fashion. Linda Anggrea of Modinity, Kareem Türe of Modanisa, and Rabia Zargarpur of Rabia Z recently joined Imran Amed at BoF CROSSROADS 2025 to delve into the global rise, […]
Olaplex Sales Continue to Slide
Olaplex Sales Continue to Slide: A Deep Dive into the Recent Financial Decline The beauty and hair care industry have always been a competitive landscape, with trends and consumer preferences constantly shifting. In recent news, Olaplex, a prestigious hair care company known for its innovative products, has been experiencing a notable decline in sales. The […]
BoF Masterclass | The State of Fashion: Beauty
BoF Masterclass | The State of Fashion: Beauty The beauty industry has always been a fascinating realm, constantly evolving and setting new trends. In the fast-paced world of fashion and beauty, staying ahead of the curve is crucial for success. Recently, the Executive Editor of The Business of Beauty, Priya Rao, hosted a Masterclass along […]
Coty Cuts Annual Profit Forecast
Coty Cuts Annual Profit Forecast: What’s Next for the Beauty Giant? Coty, the global beauty company known for its wide range of cosmetic and fragrance brands, recently announced a downward revision of its annual profit forecast. The news sent ripples through the market, with the company’s shares falling about 2 percent in extended trading. This […]
World’s first Amazon-style weapons marketplace debuts with drones, robots, ammo
World’s First Amazon-Style Weapons Marketplace Debuts with Drones, Robots, Ammo Ukraine’s Ministry of Digital Transformation has unveiled a first-of-its-kind marketplace to buy weapons, called the Arms Marketplace. This groundbreaking platform is set to revolutionize the way military equipment, including drones, robots, and ammunition, is bought and sold. With a user-friendly interface similar to e-commerce giant […]