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Amazon in Talks to Acquire AI Startup Decart for $7 Billion

Ut World October 12, 2026 0

Amazon is in talks to acquire Israeli artificial intelligence startup Decart in a deal valued at approximately $7 billion, according to a report by The Wall Street Journal, citing people familiar with the matter. An agreement could be reached soon, although negotiations may still collapse or Continue Reading

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Selfridges Swings to Profit, Urges UK to Restore Tax-Free Shopping

Ut World September 29, 2026 0

UK department store chain Selfridges returned to profitability in its latest financial year, with revenue rising 7% to £830.8 million, supported by strong footfall across its four stores despite a decline in online sales. Operating profit increased to £79.7 million from £42.2 million, while pre-tax profit improved to £13 million from a £15.9 million loss […]Continue Reading

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Christian Dior Holding Company Shares Surge 17% After LVMH Reorganisation Plan

Ut World September 25, 2026 0

Shares of Christian Dior SE surged more than 17% on Thursday after luxury giant LVMH announced a restructuring of its controlling organisation. At 7:40 a.m. GMT, Christian Dior shares were up 17.42% at €428.80, while LVMH gained 0.96% to €400.70. The CAC 40 index, meanwhile, was down 0.14%. Christian Dior is LVMH’s main shareholder, holding […]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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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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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

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Samsung Ordered to Pay $11.6 Million to Swatch

Ut World August 27, 2026 0

Samsung Electronics has been ordered by London’s High Court to pay Swatch Group AG $11.6 million after a judge ruled that the technology company unlawfully used copied designs of luxury watch brands on its smartwatches. The ruling follows a trademark dispute involving digital watch displays made available through Samsung’s app store. Swatch had sought around […]Continue Reading

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Shein Valuation Drops 70% as Hong Kong IPO Targets $1.77 Billion

Ut World August 24, 2026 0

Online fast-fashion retailer Shein launched its long-awaited Hong Kong IPO on Monday, seeking to raise up to HK$13.86 billion ($1.77 billion) and valuing the company at about $27 billion at the top of its price range. The valuation is roughly 70% below its private-market peak of nearly $100 billion in 2022, highlighting growing investor concerns […]Continue Reading

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Tecnica Group Founders to Raise Stake to 69.09%

Ut World August 21, 2026 0

The Zanatta family, founders of Italian outdoor footwear and ski equipment maker Tecnica Group, has agreed to buy back a 9.09% stake in the company from Italmobiliare for approximately €50 million. The transaction, carried out through the family’s controlling vehicle Prime Holding SpA, will increase the Zanatta family’s ownership to 69.09% once completed. The deal […]Continue Reading