Latest Articles in Business

How Pink Palm Puff's 18-year-old CEO Lily Balaisis is growing the brand beyond its TikTok audience

Lily Balaisis founded Pink Palm Puff in 2023, at 15, from the Toronto suburbs, and built it into a brand with three million social followers, a Pottery Barn Teen collaboration, and pop-up queues in two US cities. At 18, she is mapping what comes after the hoodie. Balaisis first showed her entrepreneurial side at 11, when she started selling...

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Levi Strauss and M&S partner for Fashion Renewable Collaborative

US apparel brand Levi Strauss & Co. and UK retailer Marks & Spencer (M&S), in partnership with SE Advisory Services, the global consulting practice of France-based Schneider Electric, have launched the Fashion Renewable Collaborative (FRC). Announced during New York Climate Week on September 22, 2026, the initiative aims to help global fashion...

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Global AI glasses shipments reach 4.2 million units in first half of 2026

Global AI glasses shipments reached 4.2 million units in the first half of 2026 (1H26), representing a 127 percent increase year-over-year (YoY). According to figures from research firm Omdia, growth in the emerging wearable category is beginning to stabilize as the market expands beyond its initial base. At the same time, the hardware sector is...

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China's Alibaba launches international data centre push

Chinese tech giant Alibaba unveiled plans on Wednesday to expand its overseas data centres, targeting markets across Europe and the Middle East. Hangzhou-based Alibaba is one of the frontrunners in China's artificial intelligence industry, with its Qwen model among the world's most downloaded AI models. The company said it would "establish its...

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Meta leans into AI, smart glasses amid privacy pushback

Meta has spent billions to stay competitive with artificial intelligence, but the tech giant faces growing pushback as CEO Mark Zuckerberg prepares to announce new products built for the AI era on Wednesday. The company will kick off its annual Connect conference from its Menlo Park headquarters at 4:00 pm PT (2300 GMT) Wednesday, and Zuckerberg...

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London Fashion Week SS27: McQueen’s homecoming, Kane’s Mulberry debut and the new guard takes centre stage

The biggest names may have brought the crowds to London Fashion Week's spring/summer 2027 edition, which ended on Monday, but the season also belonged to the designers rewriting what British fashion can look like now. As McQueen returned to London and Christopher Kane reset Mulberry’s ready-to-wear proposition, a new guard highlighted craft,...

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Italian cosmetics: turnover expected to reach 18.1 billion euros in 2026

With an expected turnover of 18.1 billion euros (20.7 billion dollars) in 2026 and growth over the last ten years at a rate more than six times higher than the national GDP, the cosmetics industry continues to create value, skilled employment and competitiveness for the country. These figures were presented last week at Assolombarda during the...

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On aims for further growth, sets new targets for 2029

Swiss sportswear provider On Holding AG presented its new financial targets for the period up to 2029 on Tuesday, ahead of an investor day. The company also confirmed its current annual forecasts. For the next three years, On is aiming for average annual sales growth in the high teens on a currency-neutral basis. This should bring total sales in...

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Ugg launches 'Born to Feel' brand platform with global pop-up tour

Ugg has introduced Born to Feel, a long-term global brand platform, and will start a related series of consumer events in New York City this weekend. The brand, a division of Deckers Brands, said the platform is built around the comfort associated with its products and is designed to run across product, culture and experience rather than as a...

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Puma is driving performance: How Another Cotton Lab plans to continue its growth

Since its launch in 2023, Another Cotton Lab has grown from a Düsseldorf-based lifestyle label into a company that achieved a double-digit million euro turnover in 2024. The next phase is set to follow, focusing on increased performance, more of its own stores and a stronger international presence. The collaboration with Puma is a gateway into a...

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Donatella Versace's new brand: inside her beauty and fashion venture with Revolve

Donatella Versace is back. The Italian fashion designer and businesswoman, who led Versace as its artistic and creative director from 1997 to 2025, announced on Monday a new independent venture in partnership with Revolve. The project was described in a statement as a new beauty and fashion business centered around how a new generation discovers...

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Esprit Holdings receives statutory demand for almost 4 million dollars

Esprit Holdings Limited is facing a statutory demand for almost 4 million dollars. The Hong Kong-listed company announced on Thursday that it was served a so-called 'Statutory Demand' on September 16. The demand is for 3.99 million US dollars and a further 41,656 Hong Kong dollars. According to Esprit, the claim is related to an arbitration...