Ulta Beauty’s Strategic Move: Acquiring Space NK for Global Expansion Ulta Beauty, a prominent US retailer in the beauty industry, recently made headlines with its unexpected acquisition of the London-based upmarket chain, Space NK. This strategic move is not merely a random purchase; it aligns perfectly with Ulta Beauty’s current business strategy, focusing on global […]
Hugo Boss Announces Departure of COO Heiko Schäfer
Hugo Boss COO Heiko Schäfer to Depart for Mammut Sports Group Heiko Schäfer, the Chief Operating Officer of Hugo Boss, is set to embark on a new journey as the Chief Executive Officer of Mammut Sports Group, a renowned outdoor apparel and equipment brand based in Switzerland. The transition is scheduled for September 1st, marking […]
African Sneaker Brands Go Global
African Sneaker Brands Go Global The sneaker industry has long been dominated by big players from the West, but a new wave of African sneaker brands is making its mark on the global stage. From big hitters to scrappy start-ups, companies from Kenya, Nigeria, Senegal, and South Africa are vying for a piece of the […]
Fast-Fashion Giant Shein Plans $2.3 Billion Supply Chain Hub
Fast-Fashion Giant Shein Plans $2.3 Billion Supply Chain Hub Fast fashion has taken the world by storm, with its ability to quickly churn out trendy and affordable clothing. One of the key players in this industry, Shein, has recently made headlines with its ambitious plans to invest a whopping 15 billion yuan ($2.3 billion) in […]
Growing International Sales Boost Gymshark Revenue and Profits
International Expansion Drives Gymshark’s Impressive Revenue Growth In the fiercely competitive world of activewear, UK-based Gymshark has managed to carve out a significant niche for itself. The brand’s recent financial report for the year ending July 31, 2021, reveals a remarkable 54 percent surge in revenue. This substantial growth can be attributed largely to Gymshark’s […]
UTA Names Darnell Strom to Lead London Office
UTA Names Darnell Strom to Lead London Office Talent agency United Talent Agency (UTA) has recently made a strategic move by appointing Darnell Strom to lead its London office. Strom will be stepping into a newly created UK leadership role within the agency as it aims to position London as a central hub for its […]
Exclusive: Skims’ Plan for Global Domination
Exclusive: Skims’ Plan for Global Domination Kim Kardashian’s shapewear brand, Skims, is gearing up for an unprecedented expansion into new markets across the United States and around the world. CEO Jens Grede recently sat down with The Business of Fashion to discuss the brand’s ambitious vision of becoming “the Apple store of apparel.” With its […]
Tesla strikes $556M deal for China’s largest grid battery plant amid trade tensions
Tesla Strikes $556M Deal for China’s Largest Grid Battery Plant Amid Trade Tensions Tesla has signed its first agreement to build a utility-scale battery storage facility in China, solidifying its commitment to the renewable energy sector in one of the world’s largest markets. The $556 million deal with China’s Contemporary Amperex Technology Co. Ltd (CATL) […]
Pasqal opens Canada factory, sells quantum computer to Distriq
Pasqal Expands Reach with Quantum Computer Sale to Distriq in Canada Pasqal, a leading player in the realm of quantum computing, has recently made waves by opening a new factory in Canada and clinching a significant deal with Distriq for the sale of a Quantum Processing Unit (QPU). This strategic move not only signifies Pasqal’s […]
Amorepacific’s Road to Success
Amorepacific’s Road to Success Amorepacific, the South Korean beauty giant, has been making waves in the global beauty industry with its exceptional growth and popular K-beauty products. Brands under the Amorepacific umbrella, such as Laneige, Aestura, and Sulwhasoo, have been capturing the hearts of consumers not only in Asia but also in the US and […]