The fashion industry is one of the most affected sectors by the crisis in the Red Sea, where Houthi rebels have been attacking commercial vessels and...
Category: Business
Under Armour boosts profit forecast despite weak North American sales
Under Armour, the American sportswear company, has raised its profit outlook for fiscal year 2024, even as it reported a decline in sales in its largest...
Hermès posts record sales and profit in 2023 amid luxury boom
The French luxury group Hermès has reported a stellar performance in 2023, with record sales and profit, driven by strong demand for its products across all...
China Becomes the World’s Largest Vehicle Exporter
China surpassed Japan as the world’s top vehicle exporter in 2023, according to the latest data from the International Organization of Motor Vehicle Manufacturers (OICA). China...
LVMH to propose two more sons of Bernard Arnault as board members
LVMH, the world’s largest luxury group, is set to strengthen its family control by proposing two more sons of its CEO Bernard Arnault, Alexandre and Frédéric,...
Levi’s welcomes Michelle Gass as its new CEO and expands its leadership team
Levi Strauss & Co., the iconic denim brand, has officially appointed Michelle Gass as its new president and CEO, as announced in December. Gass succeeds Chip...
Levi’s to cut up to 15% of its staff amid restructuring plan
The denim giant announces layoffs as part of a cost-cutting strategy Levi Strauss & Co., the iconic American jeans maker, said on Thursday that it will...
Resilience Amid Disruption: Strategies for Supply Chain Challenges
Supply chain disruptions are events that interrupt the normal flow of goods and services from suppliers to customers. They can be caused by natural disasters, pandemics,...
US Stock Market Reaches New Highs Amid Economic Recovery and Vaccine Optimism
The US stock market has been on a bullish run in the past few weeks, reaching new record highs amid signs of economic recovery and vaccine...
US shoppers wait for bigger discounts amid economic uncertainty
Black Friday, the day after Thanksgiving, is traditionally the biggest shopping day of the year in the US. Retailers offer deep discounts to attract customers and...