October 15, 2026
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Luxury Brands Face Margin Squeeze, Urged to Cut Indirect Costs: Inverto Report

Luxury goods companies are facing mounting pressure on profitability, with a new study by Inverto, part of Boston Consulting Group, revealing a sharp decline in margins. Across 20 leading global luxury groups, average profit margins have dropped from 24% in 2022 to 13% currently. The steepest fall occurred between 2022 and 2023, when margins slid […]Continue Reading
Fashion Featured Latest news

Mango Man Taps Richard James to Elevate Premium Menswear Push

Spanish fashion major Mango Man has partnered with renowned Savile Row tailor Richard James as it sharpens its focus on premium menswear. The collaboration forms part of Mango’s broader strategy to strengthen its positioning in the higher-end segment, blending traditional tailoring craftsmanship with scalable, modern production. The partnership continues Mango Man’s “The Continue Reading
Business Featured Latest News

Crocs 2025 Revenue Slips 1.5% as HeyDude Weakness Offsets International Growth

Crocs Inc. reported a 1.5% decline in full-year 2025 revenue to $4 billion, as strong international gains for its core Crocs brand were outweighed by continued weakness in the HeyDude label. Fourth-quarter revenue fell 3.2% year-on-year to $958 million, with direct-to-consumer sales rising 4.7% while wholesale revenue dropped 14.5%. By brand, Crocs posted a modest […]Continue Reading
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Shopify Forecasts Strong Revenue Growth as AI Push Boosts Sales, Shares Slide 10%

Canada’s Shopify projected first-quarter revenue growth well above Wall Street expectations, signaling continued momentum driven by artificial intelligence investments and resilient consumer spending. The Ontario-based e-commerce platform said it expects revenue to rise at a low-thirties percentage rate in the January–March quarter, surpassing analysts’ estimates of a Continue Reading
Fashion Featured Latest News

Management Lapses Blamed for Massive Coupang Data Leak, South Korea Says

South Korean authorities have concluded that last year’s massive data breach at Coupang was caused by internal management failures rather than a sophisticated cyberattack, according to initial findings from a government probe announced Tuesday. The Ministry of Science and ICT said a former engineer exploited weaknesses in the company’s authentication system from April Continue Reading
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CFDA and OpenAI Launch Innovation Hub to Power AI-Driven Fashion Future

The Council of Fashion Designers of America (CFDA) has announced a two-year partnership with OpenAI aimed at bringing artificial intelligence deeper into the fashion ecosystem. Central to the collaboration is the launch of the Innovation Hub, a designer-focused platform designed to connect AI tool developers with CFDA members to create practical, industry-ready solutions. Continue Reading
Featured Latest News

India, Malaysia Deepen Strategic Ties with New Trade and Tech Agreements

Narendra Modi and Anwar Ibrahim on Sunday reaffirmed their commitment to expanding bilateral trade and broadening cooperation in high-priority sectors such as semiconductors, defence and advanced technology. The renewed momentum came during Modi’s two-day visit to Malaysia — his first since both nations elevated ties to a comprehensive strategic partnership in August 2024 Continue Reading