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Tendam Reports Record First-Half Sales of €744.9 Million

Ut World September 14, 2026 0

Spanish textile conglomerate Tendam reported record first-half results, with sales rising 10.7% year-on-year to €744.9 million between March and August 2026. Like-for-like sales increased 7.6%, while digital revenue surged 20.7%, supporting the group’s strongest first-half performance in its Continue Reading

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Lululemon Faces Tough Turnaround as Market Share Slips, BMO Warns

Ut World September 11, 2026 0

Lululemon Athletica Inc. faces a difficult and prolonged turnaround as the athleticwear maker loses market share to rivals and records worsening sales declines, according to BMO Capital Markets. The firm initiated coverage of Lululemon with an Underperform rating and set a $70 price target, implying roughly a 28% decline from Thursday’s closing price. Analysts led […]Continue Reading

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EUIPO Warns Users About Fake Websites Mimicking Official Portal

Ut World September 10, 2026 0

The European Union Intellectual Property Office (EUIPO) has warned users about fraudulent websites designed to imitate its official online portal. According to the organization, unauthorized third parties are creating counterfeit sites that copy the appearance, logos and layout of genuine EUIPO pages to deceive visitors into believing they are accessing legitimate Continue Reading

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L’Oréal Sees Fragrance Market Split Between Affordable Mists and Luxury Perfumes

Ut World September 9, 2026 0

The global fragrance market is currently growing at around 5-6%, slower than the double-digit growth rates seen in previous years, while becoming increasingly polarised between affordable products and high-end perfumes, L’Oréal Chief Financial Officer Christophe Babule said at a Barclays consumer conference on Tuesday. L’Oréal has been targeting younger consumers with more Continue Reading

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V. P. Nandakumar: Deep Roots, Wider Reach

Ut World September 9, 2026 0

  A village-born financier, a global Lions gift and the long argument that prosperity must enrich the soil beneath it.   Valapad, Thrissur — In July 2026, Lion V. P. Nandakumar, Chairman and Managing Director of Manappuram Finance Ltd, was recognised on a global stage for a contribution of US$1.5 million to the Lions Clubs […]Continue Reading

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Amazon Plans First-Ever Sterling Bond Sale as AI Funding Needs Grow

Ut World September 8, 2026 0

Amazon has hired banks to arrange its first-ever sterling bond sale, as major technology companies increasingly turn to international debt markets to fund the massive costs associated with the artificial intelligence boom. According to a bank memo seen by Reuters, the company is considering issuing bonds with maturities of three, six, 12 and 19 years. […]Continue Reading

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PVH Reports 3% Sales Decline as Calvin Klein Slumps

Ut World September 3, 2026 0

PVH Corp. reported a 3% decline in second-quarter sales to $2.097 billion, with a sharp drop in Calvin Klein revenue weighing on the results. Calvin Klein sales fell 7%, partly due to the timing of wholesale shipments in the Americas, while Tommy Hilfiger sales remained steady. By region, revenue declined 6% in EMEA amid weak […]Continue Reading

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IKEA Announces Fresh Price Cuts Across Europe to Boost Furniture Demand

Ut World September 1, 2026 0

Swedish budget furniture retailer IKEA has announced a new wave of price cuts across Europe as it seeks to revive demand amid rising housing costs and a broader cost-of-living squeeze. The company said it is investing a total of €1.2 billion ($1.39 billion) in price reductions after two consecutive years of declining revenue, aiming to […]Continue Reading

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MAKE IN INDIA ON HIGH SEAS: KOCHI FIRM UNVEILS FIVE INDIGENOUS WATERCRAFT LINES TO CUT IMPORTS, EYE GLOBAL MARKETS

Ut World August 31, 2026 0

Kochi-based watercraft specialist MKEL Marine has launched five lines of indigenously designed and manufactured watercraft as it seeks to reduce India’s dependence on imported high-end boats and establish Kerala as a hub for high-performance boating and composite engineering. The range was unveiled at the company’s facility in Njarakkal by circumnavigator Commander Continue Reading

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Partners Group Faces €6 Billion Refinancing Challenge

Ut World August 31, 2026 0

Partners Group Holding AG is facing mounting pressure to refinance around €6 billion ($7 billion) of debt across three portfolio companies — Emeria SASU, Ammega Group BV and luxury watchmaker Breitling AG — with billions of euros in loans maturing in 2028. The debt of all three companies is trading well below face value, while […]Continue Reading