News

Ray-Ban Maker EssilorLuxottica to Buy Supreme for $1.5 Billion

July 18, 2024

French-Italian eyewear giant EssilorLuxottica has strategically agreed to buy streetwear label Supreme from VF Corp. for US$1.5 billion in cash. This significant move adds the coveted…
Dior Appoints Lewis Hamilton as Brand Ambassador and Guest Designer

July 17, 2024

Dior introduces Lewis Hamilton as both brand ambassador and guest designer, showcasing a visionary capsule collection that merges streetwear aesthetics with sustainable materials and high-performance elements…
Fast Retailing Boosts Forecast and Plans Dividend Increase

July 16, 2024

Fast Retailing forecasts a promising year ahead with an expected 11% rise in consolidated revenue and substantial profit growth. The company plans to distribute a dividend…
Wendy’s Expands Global Footprint with New European Market Entry

July 16, 2024

Wendy’s, the iconic global quick-service restaurant brand based in the United States, has announced the signing of two new development agreements with franchisees in the Republic…
Tesla Sales Decline Continues Despite Recent Price Reductions

July 15, 2024

For the first time, the electric automaker’s quarterly deliveries have declined for two consecutive quarters. Despite price cuts and financing incentives, Tesla global sales declined for…
Chinese BYD to Build $1bln Electric Vehicle Factory in Turkey

July 15, 2024

BYD has agreed to a $1bn (£780m) deal to set up a manufacturing plant in Turkey. The new plant will be able to produce up to…
Samsung Workers Begin Indefinite Strike, Demand Better Pay and Benefits

July 12, 2024

The National Samsung Electronics Union (NSEU), representing workers at the South Korean tech giant Samsung Electronics, has called on its roughly 30,000 members to commence an…
Woolmark Marks 60th Anniversary with New Woolmark Recycled Line

July 11, 2024

Woolmark marks its 60th anniversary with the launch of Woolmark Recycled, reflecting its commitment to sustainability and quality. This new specification guarantees that products include a…
Mark Wahlberg’s Brand Municipal Makes Retail Debut

July 11, 2024

Mark Wahlberg celebrated the grand opening of his clothing brand Municipal’s first permanent store in the centre of West Hollywood’s Design District, marking a milestone for…
Vans “Always Out There” Campaign: Celebrates the Next Generation of Skateboarders

July 10, 2024

Vans’ “Always Out There” collection reimagines Y2K fashion with a modern twist. Featuring the Upland, Hylane, and Mixxa sneakers, this collection blends nostalgic design with contemporary…
UK Amazon Workers to Rally for Union Recognition

July 10, 2024

Amazon employees are expected to protest outside the firm’s warehouses in the UK in a dispute over workers’ rights. The GMB union told the BBC that…
Biotrend and Freepoint Eco-Systems Collaborate to Boost Advanced Plastic Recycling

July 9, 2024

Biotrend and Freepoint Eco-Systems International Ltd. have announced a potential strategic partnership aimed at expanding their footprint in the circular plastics economy. By leveraging their shared…