Latest Articles in Business

Taylor Swift’s ‘Eras’ tour to provide nearly 1 billion pound boost to the UK economy

New data from Barclays reveals that Taylor Swift’s highly anticipated ‘Eras’ tour will provide a 997-million-pound boost to the UK economy, as Swifties are expected to fork out 848 pounds on average to see the singer at one of the 15 UK tour dates. The Barclays ‘Swiftonomics’ report shows that fans attending the tour in the UK will spend the...

Business

Spinnova producer awarded FSC certification

Woodspin, the exclusive producer and distributor of wood-based Spinnova biodegradable fibre, has been awarded the Forest Stewardship Council (FSC) Chain of Custody certification, offering full supply chain transparency. The FSC certification means the wood used in Woodspin’s manufacturing can be fully traced back from its origin to the final...

Business

Lilly Pulitzer unveils new logo as part of brand refresh

Womenswear brand Lilly Pulitzer has unveiled a brand refresh, which includes a new logo and typography. The first big shift in Lilly Pulitzer’s look in over fifteen years, the refresh is part of the Palm Beach brand’s wider modernization strategy. The new logo was revealed at the brand’s newest store in Rhode Island and will be featured across...

BusinessFeatured

DEFI, ADEME and Paris Good Fashion join forces to simplify corporate carbon footprints

The ACT (Assessing low-Carbon Transition) initiative is the result of collaboration between the French Agency for Ecological Transition (ADEME), the Carbon Disclosure Project (CDP) and the World Benchmarking Alliance (WBA). Together, they have developed a methodology for assessing the maturity of companies' low-carbon transition plans. At the...

Business

Dick's Sporting Goods announces multi-year partnerships with the Celtics and Red Sox

Dick’s Sporting Goods has partnered with two iconic sports teams in Boston, the Celtics and Red Sox. Signing two multi-year partnerships, Dick’s Sporting Goods is the official sporting goods retail partner for each team franchise. Strengthening the bond between the sportswear retailer and the Boston community, news of the partnerships comes...

BusinessFeatured

Crocs tops the charts as the world's most popular fashion brand

The primary objective of any fashion or beauty brand is to make an emotional connection to motivate consumers to make a purchase - whether they are selling the latest anti-aging serum or a simple pair of socks. Brands who have successfully developed a solid branding strategy are more likely to establish a solid foundation for growth, and have a...

Business |Interview Featured

Nona Source: Why the success of its business model favours a new circular model

Nona Source, the platform specialising in the marketing of deadstock materials from fashion houses, has introduced a solid business model. In a sector that is still poorly mastered eco-circularity, Nona Source pays particular attention to remaining economically balanced, while retaining awareness of the other factors that need to be taken into...

Business

Department store chain Galeria Karstadt Kaufhof to change its name upon backing of US investor

Beauty products, handbags, shoes, underwear - these are to be the focal points of German department store chain Galeria Karstadt Kaufhof's product range in future. ‘This will enable us to clearly differentiate ourselves from the competition,’ the company's managing director, Olivier Van den Bossche, said on Tuesday. For beauty products such as...

Business

Prada says it is open to acquiring more brands, as Italian luxury consolidates

At a factory opening that produces Prada knitwear, Lorenzo Bertelli, the group’s marketing director and son of Miuccia Prada and CEO husband Patrizio Bertelli, told reporters the company is open to M&A opportunities. “We have been and will always be open to considering opportunities,” Bertelli said at the Torgiano-based based factory. Prada has...

Business

TikTok sues U.S. government in fight against potential app ban

TikTok, the main sponsor of this year's Met gala, is fighting back against a potential ban in the United States by filing a lawsuit against the government. In a court filing on Tuesday, TikTok's parent company, Bytedance, contends that the U.S. Congress has crossed a constitutional line by singling out and aiming to prohibit the app. The...

Business

LVMH appoints advisors, reports say, as it considers sale of Marc Jacobs

LVMH and Marc Jacobs are once again gracing the headlines this week, with speculation swirling around the potential sale of the New York-based brand. Despite efforts to quash rumors, whispers of a possible transaction persist, keeping industry observers on the edge of their seats. Last week, Bloomberg stirred the pot by reporting that LVMH, the...

Business

Decathlon develops recyclable swimwear with Resortecs

French sporting goods chain Decathlon has teamed up with the Belgian textile recycling company Resortecs to develop a recyclable swimwear collection. The collection addresses the main problem with recycling swimwear to date, which has been that swimwear fabrics usually have high elastane content, but elastane cannot yet be separated from the...