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IKEA prices to fall despite Red Sea disruptions, CEO says in Davos

IKEA prices to fall despite Red Sea disruptions, CEO says in Davos

Budget furniture retailer IKEA is sticking to planned price cuts despite Red Sea shipping disruptions pushing up costs, it said on Monday ahead of the World Economic Forum's annual meeting.
Lifestyle
Guess unveils Airwash, and mounts The Next 40 Years of Denim

Guess unveils Airwash, and mounts The Next 40 Years of Denim

Guess Jeans returned to Pitti this season with the launch of its new Airwash concept and the unveiling of a giant immersive display The Next 40 Years of Denim.
Fashion
Google faces $1.67 billion damages demand at AI-related patent trial

Google faces $1.67 billion damages demand at AI-related patent trial

Alphabet's Google went before a federal jury in Boston on Tuesday to argue against a computer scientist's claims that it should pay his company $1.
Lectra takes over data specialist Launchmetrics

Lectra takes over data specialist Launchmetrics

Lectra, the French leader in solutions for the fashion industry, has signed an agreement to acquire a majority stake in Launchmetrics, a French data analysis specialist.
Fashion
UK lost 120,000 retail jobs in 2023 - report

UK lost 120,000 retail jobs in 2023 - report

2023 was a bruising year for UK retail with almost 120,000 sector jobs lost and more than 10,000 stores shuttered as inflation and tough economic conditions took their toll.
Fashion
Indie documentary 'Love Is in the Legend' displays how fashion came to know Voguing

Indie documentary 'Love Is in the Legend' displays how fashion came to know Voguing

Former Patricia Field buyer Myra Lewis produced the film about how the Harlem ball dance culture made it to the mainstream. 
Condé Nast names Raul Martinez as Vogue’s new global creative director, reporting to Anna

Condé Nast names Raul Martinez as Vogue’s new global creative director, reporting to Anna

Condé Nast has announced the appointment of Raul Martinez as Vogue’s new Global Creative Director, reporting to Anna Wintour in New York, and re-joining the magazine publishser for the third time
A high-stakes legal battle over AI's use of artists' works unfolds

A high-stakes legal battle over AI's use of artists' works unfolds

Is it lawful to use artists' works to train a generative AI to imitate their artistic style? This is the question being contested in a legal battle between a collective of artists and leaders in image-generating AI.
TikTok eyes $17.5 billion shopping business on Amazon’s turf

TikTok eyes $17.5 billion shopping business on Amazon’s turf

​TikTok aims to grow the size of its US e-commerce business tenfold to as much as $17.5 billion this year, according to people familiar with the matter, posing a bigger threat to Amazon.com Inc.
Fashion
Bangladesh to become 20th largest economy by 2038, according to CEBR

Bangladesh to become 20th largest economy by 2038, according to CEBR

Bangladesh is poised for significant growth, with projections placing it as the 20th largest economy in the world by 2038, according to a forecast by the Centre for Economics and Business Research. 
AI cannot be patent 'inventor', UK Supreme Court rules in landmark case

AI cannot be patent 'inventor', UK Supreme Court rules in landmark case

Un informaticien  a perdu sa tentative d'enregistrer des brevets sur des inventions créées par son système d'intelligence artificielle, dans le cadre d'une décision historique en Grande-Bretagne.
Zara founder buys Amazon logistics centre in Dublin for $245 million

Zara founder buys Amazon logistics centre in Dublin for $245 million

Spanish billionaire and Zara founder Amancio Ortega has bought a logistics centre mainly used by Amazon in Dublin, Ireland, for 225 million euros ($244.98 million), his investment firm Pontegadea said on Friday.
Fashion
BHV: Emmanuelle Claverie-Veysset takes over as CEO

BHV: Emmanuelle Claverie-Veysset takes over as CEO

The SGM group has appointed Emmanuelle Claverie-Veysset as head of BHV. Since 2022, she has been head of department stores for the group, which also operates affiliated Galeries Lafayette stores.
Fashion
Jacob Cohën Company SpA buys 100% stake in JC Industry

Jacob Cohën Company SpA buys 100% stake in JC Industry

The company, owner of the eponymous men’s and women's luxury jeans label, has bought a 100% stake in JC Industry, Jacob Cohën’s licensed producer and distributor since F/W 2021-22, initially set up with the Sinv group.
Fashion
ChatGPT’s creator OpenAI in midst of staff switch linked to AI risks

ChatGPT’s creator OpenAI in midst of staff switch linked to AI risks

After the ousting of OpenAI’s boss, who has immediately been hired by Microsoft, 700 employees of the firm behind ChatGPT have threatened to resign. A vast skills transfer that hides a schism prompted by AI’s dangers.
Waste from Adidas, Walmart, other brands fuelling Cambodia brick kilns-report

Waste from Adidas, Walmart, other brands fuelling Cambodia brick kilns-report

Waste from at least 19 international brand is being used to fuel kilns in brick factories in Cambodia, and some workers were falling ill, according to a report by a local rights group released on Monday.
Fashion