By AFP Published October 10, 2024 British consumer goods giant Unilever on Thursday completed the sale of Unilever Russia, finally joining other multinationals in exiting the country following its invasion of Ukraine in February 2022. Dove is one of dozens of consumer brands owned by Unilever – Dove Unilever said in a statement that it [...]read moreConsumer goods giant Unilever finally exits Russia
Publicis Groupe has entered into an agreement to acquire Influential, the world’s largest influencer marketing company by revenue, according to a company announcement. Published reports indicated the deal was worth $500 million. Influential runs a network of more than 3.5 million creators, including 90% of the global influencers who have 1 million followers or more. [...]read morePublicis Groupe Acquires Influencer-Marketing Giant Influential
This weekend (15/16 June), Community Clothing returns for the second year at the We Invented The Weekend Festival at Media City in Salford, Manchester. Community Clothing founder Patrick Grant This time, the campaigning clothing brand will be running the Big Community Jumble Sale pop-up, selling secondhand clothes, slight factory seconds, shoot and studio samples and [...]read moreCommunity Clothing returns to Salford for giant jumble sale
Inditex’s ability to wring impressive sales growth out of even the toughest economic backdrop seemed to falter in the three months to April 30 as its Q1 growth slowed. Inditex And the Spanish fashion giant still turned in an inflation-beating Q1 sales rise while Q2 figures also showed a bounce-back, so it’s clearly still a [...]read moreInditex Q1 sales growth slowed but retail giant remains buoyant
According to the most recent annual report to Congress by the U.S. Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. That’s not saying all that much. H4P endorsements accounted for [...]read moreAre reverse mortgages for purchase a ‘sleeping giant?’ Pros are split
Richemont had a lot to share on Friday with the Swiss luxury giant both confirming the slowdown in the luxury sector (albeit with only a 1% sales dip in Q4) and announcing a new CEO for the group. See catwalkAlaia – Spring-Summer2024 – Womenswear – Paris – © ImaxTree So first, that CEO news. The [...]read moreLuxury giant Richemont revives CEO role, Q4 sales dip, but Alaïa booms
By Reuters Published May 1, 2024 Online fast-fashion retailer Shein is courting brands like toothpaste conglomerate Colgate-Palmolive and toymaker Hasbro as it tries to sell more household names on its platform. Shein Known for cheap own-brand clothing and accessories, Shein is moving into other categories and has given brands and retailers access to its platform [...]read moreFast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
Ola has let go its chief executive Hemant Bakshi, merely four months after making the appointment, and is cutting about 180 additional jobs, a source familiar with the matter told TechCrunch. The move from the Indian ride-hailing startup is aimed at “improving profitability,” its founder and chairman Bhavish Aggarwal told employees in an email Monday [...]read moreIndian ride-hailing giant Ola cuts 180 jobs in profitability push
The Delta emulator made a huge splash when it hit the Apple App Store earlier this month, quickly rocketing to the top spot in Apple’s free apps, where it remains today. Now, developer Riley Testut says an iPad-specific version is “near completion,” and will be released with Delta version 1.6. Testut says the app is [...]read moreThe Delta emulator will soon turn your iPad into a giant Nintendo DS
Sometimes you have to break cruisers to make a supership. Gif: Silversea via YouTube There’s something slightly unnerving about seeing an enormous cruise ship out of water. A skyscraper-sized vessel propped up by a few planks of wood in a barren dry dock is definitely strange to see, but it [...]read moreWatch Engineers Cut A Giant Cruise Ship In Half To Make It Even Bigger