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UPI Payments to Remain Free for Consumers, Finance Ministry Clarifies

Ut World August 8, 2026 0

The Ministry of Finance on Saturday clarified that consumers will not face transaction charges for using the Unified Payments Interface (UPI), amid discussions over the possible introduction of a merchant discount rate (MDR). The government said all person-to-person (P2P) UPI transactions will Continue Reading

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Lacoste Pays €9.9 Million to Settle French Tax Dispute

Ut World August 7, 2026 0

French fashion brand Lacoste has reportedly paid €9.9 million to the French Ministry of Finance following a tax reassessment, according to L’Informé. The dispute reportedly began four years ago and involved the group’s holding company, which oversees subsidiaries in France and international markets including Germany, Asia and the United States. The initial reassessment was Continue Reading

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e.l.f. Beauty Raises Forecast as Global Expansion Fuels Growth

Ut World August 6, 2026 0

e.l.f. Beauty has raised its annual sales and profit forecast after reporting strong demand for its affordable cosmetics and skincare products, even as consumers continue to face inflationary pressures. The company, which sells about 75% of its products for $10 or less, said its value-focused strategy helped drive momentum during the first quarter. Net sales […]Continue Reading

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Luxury’s Shift From Destruction to Sustainability

Ut World August 5, 2026 0

The conviction of four former Chanel employees in Hong Kong for attempting to steal hundreds of luxury bags and wallets destined for destruction has revived debate over one of the fashion industry’s most controversial practices. Between 2016 and 2017, the employees allegedly diverted more than 700 Chanel products worth millions of dollars before they were […]Continue Reading

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Lululemon Teams Up With MLB for New Collection

Ut World August 4, 2026 0

Canadian activewear giant Lululemon has unveiled its first-ever collection with Major League Baseball (MLB) in collaboration with Fanatics, marking another major step in the brand’s expansion into licensed sports apparel. The launch follows the success of its previous partnerships with the NHL and NFL, bringing premium sports-inspired fashion to baseball fans across Continue Reading

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Harrods Abuse Survivors Recognised as Trafficking Victims

Ut World August 3, 2026 0

Four women who accused late Harrods owner Mohamed Al-Fayed of abuse have been officially recognised as victims of human trafficking by the UK’s interior ministry. The survivors, who are part of the “No One Above” advocacy group, said the decision validates years of allegations involving assault, rape and trafficking. The women, identified by pseudonyms Continue Reading

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Ferretti Family Leads €115 Million Bid to Revive Aeffe

Ut World July 31, 2026 0

The Ferretti family, the current owner of Italian fashion group Aeffe, has announced a binding offer to relaunch the company following a meeting at Italy’s Ministry of Business and Made-in-Italy (MIMIT). The proposal has been submitted in partnership with Invitalia, investment fund Oxy, and a manufacturing partner from China. The deal, valued at approximately €115 Continue Reading

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Adidas Apologises for Wave of Pink Boots at World Cup

Ut World July 30, 2026 0

Adidas has apologised for the overwhelming presence of pink football boots at the World Cup, with chief executive Bjorn Gulden describing the trend as an unintended coincidence. Speaking during the company’s quarterly results press conference, Gulden said the brand had not anticipated that so many players across different teams and manufacturers would end up wearing Continue Reading

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Wrangler, LoveShackFancy Launch Limited-Edition Women’s Denim Collection

Ut World July 28, 2026 0

Wrangler, a brand under Kontoor Brands, has partnered with fashion label LoveShackFancy to introduce a 19-piece limited-edition womenswear denim collection, set to launch on August 5. Priced between $79 and $239, the collection blends Wrangler’s iconic Western heritage with LoveShackFancy’s signature romantic aesthetic, featuring embroidered denim jeans, Continue Reading

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Adidas Teams Up With Nigeria’s Waf. for First African Superstar ADV Collaboration

Ut World July 23, 2026 0

Adidas has unveiled its first-ever collaboration with a Nigerian brand and African skate community, partnering with Lagos-based Waf. (Wafflesncream) to launch a special edition of the Superstar ADV sneaker. The collaboration marks a significant milestone for both brands, with pre-sales beginning today ahead of the global release on October 12, 2026. Inspired by the vibrant Continue Reading