Latest Articles in Business

Kantar Group announces plans to sell Kantar Media

Marketing, data, and analytics firm Kantar Group has shared plans to sell Kantar Media to H.I.G Capital, a global alternative investment firm with 67 million dollars of capital under management. The proposed sale indicates the start of a new phase for Kantar Media, centered on providing new insights to clients in the content and advertising...

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Kendra Scott signs licensing agreement with Marchon Eyewear, Inc.

Lifestyle brand Kendra Scott has signed an exclusive, long-term licensing agreement with Marchron Eyewear, Inc. for the development of the first-ever Kendra Scott eyewear collection. Set to include both optical and sunframes, the debut Kendra Scott eyewear range will launch in September 2025. Pieces in the collection are set to incorporate the...

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Desigual opens call to participate in the fourth edition of its startup acceleration program

Madrid – Launched in 2021 as a start-up accelerator, and subsequently reconstituted as a true innovation hub, Desigual has just announced the opening of applications for the fourth edition of its "Awesome Lab" programme. This initiative will once again seek out emerging companies with the potential to disrupt and generate a tremendous positive...

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Cambridge Satchel's parent company Chargeurs changing its name

French group Chargeurs, which acquired British accessories brand Cambridge Satchel in 2022, is changing its name to Compagnie Chargeurs Invest to “open a new chapter in its history”. In a statement, the French group said the name change, which is subject to the approval of the General Meeting on April 29, will happen this spring. It follows the...

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Boohoo shareholders vote against Frasers' proposal to remove co-founder

The shareholders of Boohoo Group have voted against a proposal to remove co-founder, Mahmud Kamani, as a director of the fast fashion company. A total of 63.17 percent voted against the resolution, as opposed to 36.83 percent voting for it. The proposal had been brought forth by Frasers Group, a majority shareholder in Boohoo, which had called...

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China's luxury market: Challenges from last year to continue into 2025, ‘flattish’ performance forecasted

A new report by Bain & Company has suggested that “China’s luxury market failed to maintain its previous growth trajectory” throughout 2024, after it experienced an "unexpected and sharp deceleration that worsened throughout the year”. In the report, entitled ‘2024 China Luxury Goods Market’, it was stated that the mainland luxury market saw a...

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IBM and L’Oréal partner to leverage AI to advance sustainability

Global beauty company L’Oréal is collaborating with IBM to leverage the technology giant’s generative artificial intelligence (GenAI) to advance the creation of sustainable cosmetics. In a statement, the two companies said they will work together to build the first AI model that will uncover “new insights in cosmetic formulation data,...

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Saks Fifth Avenue enters franchise agreement with Reliance Retail

US luxury department store Saks Fifth Avenue has established a franchise agreement in India with the country’s retail giant, Reliance Retail. This was announced in Reliance Industries’ consolidated results for the quarter ended 31 December, 2024. Here, the group, the parent company of Reliance Retail, revealed that its Premium Brands business...

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Pepco reportedly calls in advisors to explore ‘radical options’ for Poundland

Pepco Group, the Polish owner of budget store chain Poundland, is believed to have appointed advisory firm AlixPartners to address an ongoing sales slump at the firm. According to Sky News, Pepco has hired consultants to explore “radical options” for Poundland, with a formal restructuring plan or a potential sale of the business said to be among...

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Shoe Zone to invest in digital strategy as online revenues increase

Shoe Zone, a value footwear retailer in the UK, reported profit before tax declined to 10.1 million pounds, while adjusted profit before tax reduced to 10 million pounds, resulting in earnings per share of 16.04p. Total revenue declined by 2.7 percent to 161.3 million pounds, driven by a 6.5 percent drop in store revenue to 126.1 million pounds....

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Oniverse (formerly Calzedonia) Targets La Perla to Strengthen Brand Portfolio

The Italian group Oniverse, formerly known as Calzedonia and owner of intimate apparel brands such as Intimissimi and Falconeri, has revived its interest in acquiring La Perla, one of the world's most iconic luxury lingerie brands. According to the Italian newspaper Il Sole 24 Ore, Sandro Veronesi, the group's leader, has already initiated key...

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Living wage report finds “limited progress" among garment and footwear companies

The 2023-2024 Annual Report from the Platform Living Wage Financials (PLWF) has taken a look at progress when it comes to living wages and incomes in the garment and footwear sector. Thirty-three companies were assessed, among them Adidas, Asics, Esprit, Fast Retailing, H&M, Hugo Boss, Inditex, Kering, LVMH, Marks & Spencer, Nike, Primark, Puma...