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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 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

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GLOBAL TECH MAJORS BACK KERALA CYBER SURAKSHA SUMMIT 2026

Ut World August 20, 2026 0

Oracle, AWS, Google, Microsoft, Cisco and Zscaler join forces to support major cybersecurity leadership summit in Kochi Kerala is set to make a significant mark on India’s cybersecurity landscape as some of the world’s biggest technology companies come together to support the Kerala Cyber Suraksha Summit (KCSS) 2026, to be held on September 5 at […]Continue Reading

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Yeezy Returns to US Retail Through JD Sports

Ut World August 19, 2026 0

JD Sports Fashion has brought Yeezy footwear back to US physical retail, marking the brand’s first return to brick-and-mortar stores since Adidas ended its partnership with rapper Ye in 2022. The British sportswear retailer began selling selected Yeezy styles on August 13 through its US website and participating stores. The range includes men’s and women’s […]Continue Reading

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WTRLSS Launches Water-Saving Digital Denim Dyeing Technology

Ut World August 18, 2026 0

Bio-tech company WTRLSS has launched a digital dyeing technology aimed at transforming the $100 billion global denim industry by cutting water use in the dyeing and finishing process by up to 99.99%. The company says its technology reduces water consumption from around 75 litres per pair of jeans to just two tablespoons, while also cutting […]Continue Reading

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EEOC Drops Subpoena Lawsuit Against Nike

Ut World August 17, 2026 0

The U.S. Equal Employment Opportunity Commission (EEOC) has dropped its lawsuit seeking to enforce a subpoena against Nike after the sportswear company handed over a large volume of information requested as part of an investigation into its treatment of white employees and job applicants. U.S. District Judge Cristian Stevens in St. Louis, Missouri, granted the […]Continue Reading

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India Should Introduce a Global Skills Passport: Dr. Suresh Kumar Madhusudhanan

Ut World August 14, 2026 0

India should introduce a Global Skills Passport that provides a digitally verifiable record of an individual’s qualifications, technical competencies, certifications, work experience and language proficiency, proposed Dr. Suresh Kumar Madhusudhanan, Chairman & Managing Director, Seagull International Group, while speaking at the 17th FICCI Global Skills Summit 2026 in Continue Reading

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Gopu Nandilath: Building a Retail Empire on Trust

Ut World August 14, 2026 0

With extraordinary foresight, relentless drive and an instinctive understanding of consumer aspirations, Gopu Nandilath has transformed a modest 3,000 sq ft electronics store into an expansive retail empire. Today, Gopu Nandilath G-Mart commands a formidable presence with 66 outlets across Kerala, redefining the way the state shops for consumer durables while earning an Continue Reading

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Depop and Spotify Join Forces to Blend Music and Secondhand Fashion

Ut World August 13, 2026 0

Depop and Spotify have announced an exclusive partnership that brings together music and secondhand fashion through a collaboration with six artists — Eve, Amira Elfeky, Estevie, Frost Children, House of Protection and Lily Meola. The partnership launched Tuesday with an artist-curated Spotify playlist, followed by curated fashion edits on Depop on Wednesday. The Continue Reading