Cucinelli Sees Operating Profit Increase 13% in 2024, Confirms Guidance Italian luxury group Brunello Cucinelli has once again demonstrated its prowess in the fashion industry by announcing a remarkable 13 percent increase in operating profit for the year 2024. This significant boost in profitability not only showcases the brand’s resilience but also underlines its ability […]
Can a Cult Perfumer Go Global?
Can a Cult Perfumer Go Global? Brooklyn-based fragrance brand D.S. & Durga has long been synonymous with cult status in the perfume world. Their unique scents, handcrafted with meticulous attention to detail, have garnered a devoted following among fragrance connoisseurs. However, following its acquisition by Manzanita Capital last year, the brand now faces the challenge […]
Honor to expand into AI-powered devices with $10 billion plan
Honor to Expand into AI-Powered Devices with $10 Billion Plan In a bold move towards global expansion and innovation, Honor has recently announced a groundbreaking investment of $10 billion in Artificial Intelligence (AI) technology. The renowned tech company, known for its cutting-edge smartphones and smart devices, is set to leverage the power of AI to […]
Google plans global expansion of YouTube Premium Lite
Google’s Strategic Move: YouTube Premium Lite Set to Expand Globally Google, the tech giant known for its innovative products and services, is making headlines once again with its plans for a global expansion of YouTube Premium Lite. This new offering is set to revolutionize the way users experience YouTube by providing a more affordable alternative […]
Moncler Shares Surge, Boosted by Recovery in China
Moncler Group’s Full-Year Revenues Rise 7% to €3.11 Billion, Boosted by Recovery in China Moncler Group has recently made headlines in the business world with its impressive financial performance. The luxury fashion company announced that its full-year revenues have surged by 7 percent, reaching a substantial €3.11 billion ($3.42 billion). This remarkable growth has been […]
Steve Madden to Buy UK Shoe Brand Kurt Geiger for $360 Million
Steve Madden to Acquire UK Shoe Brand Kurt Geiger for $360 Million Steve Madden, the renowned Long Island-based footwear and accessory company, is making headlines with its recent announcement to purchase the esteemed UK shoe brand Kurt Geiger for a staggering $360 million. This strategic move marks a significant milestone for Steve Madden as it […]
Crypto exchange Gemini secures key approval in Europe
Crypto Exchange Gemini Secures Key Approval in Europe Gemini, a leading cryptocurrency exchange, has recently made significant strides in its quest for global expansion by securing a key approval in Europe. This approval marks a pivotal moment for Gemini as it sets its sights on establishing Malta as its European Union hub, joining the ranks […]
How BAPE Kept Its Cool for Decades
How BAPE Kept Its Cool for Decades A Bathing Ape, commonly known as BAPE, has solidified its position as a powerhouse in the fashion industry by staying authentic to its roots while adapting to the ever-changing market demands. What initially began as a cult streetwear label has seamlessly transitioned into a mainstream brand without losing […]
Estée Lauder Companies Will Cut 7,000 Jobs as Sales Drop 6%
Estée Lauder Companies to Cut 7,000 Jobs Amid 6% Sales Decrease Estée Lauder Companies, the renowned US cosmetics giant, has recently announced its decision to slash 7,000 jobs as part of an extensive profit recovery strategy. This move comes in response to a 6% decline in sales, with the company’s second-quarter earnings reaching $4 billion, […]
Puig Posts 14% Rise in Holiday Sales
Puig Posts 14% Rise in Holiday Sales Puig, the Barcelona-based powerhouse known for its luxurious perfume brands such as Rabanne, Carolina Herrera, and Jean Paul Gaultier, has recently reported a significant surge in holiday sales. The company disclosed that its net sales for the final quarter of the year, spanning from October to December 31, […]