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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 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

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23rd MBA Award & First International MBA Award Presented to Moshe Miller

Ut World October 19, 2026 0

Moshe Miller, CEO and Chairman of Shoval Engineering Group, has been conferred with both the 23rd Multibillionaire Business Achiever (MBA) Award and the First International MBA Award. The honors were jointly presented by distinguished senior Indian journalist, author, and TV commentator Mr. S. Venkat Narayanan alongside Dr. Ajit Ravi, Founder of FICF and Chairman of […]Continue Reading

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EU Ban on Destroying Unsold Luxury Goods Exposes Industry Challenges

Ut World October 16, 2026 0

Luxury fashion brands are facing growing pressure over their handling of unsold inventory as the European Union introduces stricter sustainability regulations. High-end labels, including Gucci, Burberry and Brunello Cucinelli, have seen products offered at significant discounts on online platforms such as Yoox, highlighting weakening demand in the luxury market. Continue Reading

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Galderma to Acquire ZO Skin Health for $1.5 Billion

Ut World October 14, 2026 0

Swiss skincare company Galderma has agreed to acquire medical-grade skincare brand ZO Skin Health for approximately $1.5 billion, according to two people familiar with the matter. The deal could be announced in the coming days, the sources said. Galderma and ZO Skin Health did not immediately respond to requests for comment, while investment firm Blackstone, […]Continue Reading

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Sneaker Boom Fades as Consumers Embrace Formal Fashion

Ut World October 14, 2026 0

The global sneaker boom is showing signs of slowing as consumers increasingly shift from casual sportswear to smarter, more formal clothing. The changing fashion trend is weighing on athletic apparel companies such as Nike, Lululemon and Adidas, while brands specialising in dress shoes, loafers and premium everyday wear are gaining momentum. According to market research Continue Reading

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Shopify Reports 136% Surge in UK Cross-Border Sales, Driven by AI

Ut World October 14, 2026 0

UK businesses using Shopify have recorded a 136% increase in cross-border e-commerce sales since 2022, according to new research by the Canada-based e-commerce platform. The company’s Entrepreneur Effect report revealed that Shopify-powered businesses generated £71.1 billion in economic activity in the UK alone, supporting 479,000 jobs over the past year. Globally, these Continue Reading

Featured Latest News Sports

Celebrity Cricket Tournament 2026 Puts Real-Life Heroes in the Sporting Spotlight

Ut World October 14, 2026 0

The Celebrity Cricket Tournament (CCT) 2026 brought together professionals from diverse fields for a celebration of cricket, camaraderie and sportsmanship at Rajagiri College Ground on October 11. Organised by Pegasus Global Pvt. Ltd. in association with Unique Business Club (UBC) and the Federal International Chamber Forum (FICF), the tournament featured four teams: Continue Reading