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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. 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

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Louis Vuitton Unveils New Formal and Travel Wear for Real Madrid

Ut World October 13, 2026 0

French luxury fashion house Louis Vuitton has unveiled updated formal and travel attire for Real Madrid’s men’s and women’s football teams and men’s basketball team for the 2026/2027 season, marking the second year of its partnership with the Spanish club. Under the agreement announced in June 2025, Louis Vuitton serves as Real Madrid’s official tailor, […]Continue Reading

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Montirex Revenue Surges 79% as It Launches Ilia Topuria Collaboration

Ut World October 12, 2026 0

Sportswear brand Montirex has reported strong financial results for 2025, alongside the launch of a new performance apparel collaboration with UFC champion Ilia Topuria. The four-piece Ilia Topuria x Montirex capsule collection features a jacket, T-shirt, pants and shorts designed to combine technical functionality with contemporary styling. Available in off-white, Continue Reading

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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 another potential buyer could emerge. Decart develops software designed […]Continue Reading

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China’s Tax Crackdown Adds Pressure on Luxury Brands Amid Weak US Spending

Ut World October 9, 2026 0

China’s crackdown on wealthy individuals over unpaid taxes is adding pressure on luxury brands already facing geopolitical uncertainty and weakening consumer demand in the United States. Under Beijing’s new tax rules, wealthy Chinese individuals who used offshore trusts to shelter assets must declare and pay years of back taxes by October 22. The 20% levy […]Continue Reading

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Futurmoda to Host 171 Companies and 4,000 Trade Visitors

Ut World October 8, 2026 0

Futurmoda is set to bring together 171 companies on October 14 and 15 at IFA-Fira Alacant in Spain, with the organisers expecting around 4,000 professional visitors. The trade fair will occupy approximately 9,000 square metres and showcase the latest trends for the autumn-winter 2027/2028 season, covering materials, components, accessories, chemicals and machinery for the Continue Reading