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Meta Indefinitely Delays New Commercial Terms Amid Advertiser Concerns

Ut World October 29, 2026 0

Meta has indefinitely postponed the implementation of its proposed new commercial terms following concerns raised by digital publishers and advertisers. The decision could help the technology giant avert potential regulatory action in the European Union and the United Kingdom, where complaints Continue Reading

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Ani Stepanishvili Wins the Coveted Miss Asia Global 2026 Title

Ut World October 29, 2026 0

Ani Stepanishvili from Georgia was crowned the winner of the prestigious Miss Asia Global 2026 at a spectacular international pageant held on October 24 at Harris Hotel & Conventions Sunshine, Penang, Malaysia. Teh Jing En from Malaysia secured the first runner-up position, followed by Shokhida Rasulova from Uzbekistan as the second runner-up. Miss Patchariya Chantelle Continue Reading

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Borgini Jersey Targets Double-Digit Growth as It Expands in Luxury Fashion

Ut World October 28, 2026 0

Italian textile manufacturer Borgini Jersey is strengthening its presence in the high-end fashion segment while continuing to expand its established sportswear and beachwear businesses. Founded in 1973 in Cassina Rizzardi, in Italy’s Como silk district, the company specialises in circular knitwear, bonded fabrics and textiles for apparel, athleisure and underwear. With Continue Reading

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Basicnet Revenue Jumps 21.6% in First Nine Months on Woolrich and Sundek Acquisitions

Ut World October 27, 2026 0

Italian fashion group Basicnet reported a 21.6% increase in consolidated revenue to €369 million in the first nine months of 2026, compared with €303.4 million in the same period last year. The Turin-based company’s growth was driven partly by the addition of Woolrich and Sundek to its brand portfolio. The results were reviewed by the […]Continue Reading

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Temu Proposes Consumer Protection Changes After €200 Million EU Fine

Ut World October 26, 2026 0

Online shopping platform Temu has pledged to strengthen consumer protection measures following a €200 million fine imposed by the European Commission for violating the European Union’s Digital Services Act (DSA). The company has submitted proposals to the commission, which has initially accepted them. Temu has four months to implement the proposed changes, including Continue Reading

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Boohoo/Debenhams to Create Over 1,200 Jobs at Burnley Hub

Ut World October 26, 2026 0

Boohoo/Debenhams Group is set to create more than 1,200 jobs as it returns its fulfilment operations to its Burnley distribution hub through a new partnership with GXO Logistics. The move, expected to take place early next year, follows the £90 million sale of the group’s Sheffield distribution site to Primark. GXO, the world’s largest pure-play […]Continue Reading

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UK Retail Sales Fall 0.4% in September Amid Weak Consumer Confidence

Ut World October 23, 2026 0

UK retail sales volumes fell by 0.4% in September 2026 compared with the previous month, according to the Office for National Statistics (ONS), as uncertain consumer confidence weighed on spending. The decline followed a 0.7% increase in August and a 0.4% fall in July. The latest figures were weaker than economists’ expectations of a 0.1% […]Continue Reading

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Prada Group Reports 15% Revenue Growth in First Nine Months of 2026

Ut World October 22, 2026 0

Prada Group reported net revenue of €4.54 billion for the first nine months of 2026, marking a 15% increase at constant exchange rates and 12% on a reported basis compared with the same period last year. Organic growth stood at 4%, excluding Versace’s contribution and currency effects. In the third quarter, sales rose 11% at […]Continue Reading

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Adidas Raises 2026 Profit Forecast After Record Quarter

Ut World October 21, 2026 0

German sportswear giant Adidas has raised its operating profit forecast for 2026 to €2.5 billion from its earlier estimate of €2.3 billion, following a better-than-expected third quarter. The company also benefited from around €200 million in US customs duty refunds, most of which it has now received. Adidas shares rose 2.6 per cent on the […]Continue Reading

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Vinted Faces Surge in Suspected Looted Goods After French Riots

Ut World October 19, 2026 0

Vinted, the Lithuania-founded secondhand online marketplace, has reported an influx of listings suspected to contain looted goods following riots across France. The unrest, which escalated over the weekend amid protests over the cost of living, saw several stores reportedly targeted, including luxury fashion outlets. Videos circulating on social media appeared to show Continue Reading