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H&M-Backed Textile Recycler Syre Raises $100 Million

The joint venture formed by the fashion giant and green industry investor Vargas in March aims to start building two commercial facilities by 2025.

Thu May 23, 2024 20:51
Germany Backs Ending EU Tax Break That Helps Shein and Temu Keep Prices Low

The import tax exemption, officials argue, allows the companies to undercut rivals and avoid customs inspections of their products.

Thu May 23, 2024 20:51
Ralph Lauren Names Insider Picicci as CFO, Forecasts Dull Annual Revenue

The apparel maker’s shares, which have risen about 16 percent so far this year, were down 4.5 percent in pre-market trade after the company also forecast current-quarter revenue growth below estimates.

Thu May 23, 2024 17:52
Lagardere Moving Closer on Sale of Paris Match Magazine to LVMH

The French media and business conglomerate said the sale of Paris Match, which mixes coverage of current affairs with photos of celebrities and royalty, could be completed by the end of September.

Thu May 23, 2024 17:52
Reliance’s New Venture Tira Bets on AI Tools to Push Into Sizzling Indian Beauty Market

Tira, which was launched by billionaire Mukesh Ambani’s conglomerate in April last year, also uses electronic vending machines in its stores to dispense free samples of skincare products, according to Tejas Kapadia, head of marketing of the year-old startup that has 12 stores across India and a website.

Thu May 23, 2024 13:24
How Chopard Seizes the Red Carpet Spotlight in Cannes

The Swiss brand out-sparkles rivals with a strategy aimed at driving sales as well as image. This year the company dressed Greta Gerwig, Demi Moore and Bella Hadid as well as hosting clients to view (and purchase) its high jewellery range.

Thu May 23, 2024 08:58

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