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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 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

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Zara Home Unveils Floral-Inspired Capsule

Ut World August 28, 2026 0

Inditex’s Zara Home has launched a new capsule collection developed in collaboration with Berlin-based floral design studio Studio Mary Lennox. The collection explores the relationship between flowers, art, design and architecture, drawing inspiration from the studio’s creative workspace and floral practices. The range features functional yet sculptural objects designed to 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

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France Fines Boohoo €2.3 Million Over Misleading Discounts

Ut World August 20, 2026 0

France’s consumer watchdog has fined British fast-fashion retailer Boohoo €2.3 million ($2.69 million) for deceptive practices, including misleading discounts and improper product labelling. The Directorate-General for Competition, Consumer Affairs and Fraud Control (DGCCRF) said 40% of the promotions it examined were not genuine price reductions, while 7% offered smaller Continue Reading