Lab-grown diamonds are testing the power of markets
Everything in the economy whose value is predicated on scarcity is suddenly abundant: luxury handbags, lab-grown diamonds, even currency itself. Why is anything worth anything anymore? Read More
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Barclay family to lose control of Very Group to Carlyle – report
Ownership of fashion/lifestyle e-tail giant Very Group is expected to transfer to its biggest lender — US investment giant Carlyle Group. Current owner, the Barclay family, is preparing to cede control of the firm. Read More
Adidas apologises for sandal appropriating Indigenous Mexican design
Adidas has formally apologised after Mexico President Claudia Sheinbaum criticised the sportswear brand over a shoe that replicated traditional Indigenous huarache sandals without attributing the design. Read More
S&P Global revises credit outlook for Gucci owner Kering to negative from stable
S&P Global has revised its credit outlook for luxury goods group Kering S.A. to negative from stable, after sales of Kering’s Gucci brand and other products declined in the first half of the year. Read More
Gildan close to buying Hanesbrands at $5 billion value, FT Says
Canada’s Gildan Activewear Inc. is in advanced talks to buy US underwear maker Hanesbrands Inc., the FT reported, citing people familiar with the matter. Read More
UK consumers spent more on clothes as temperatures soared in July, data shows
British consumers raised their spending in July as unusually warm weather at the start of the month boosted clothing sales but demand cooled along as temperatures dropped. Read More
Trump signs order extending China tariff truce by 90 days, White House says
US President Donald Trump extended a tariff truce with China by another 90 days on Monday, a White House official said, staving off triple-digit duties on Chinese goods as US. Read More
US imports fall more than expected in June on tariff concerns, trade body data shows
Imports into the US fell more than expected in June as concerns around shifting tariff policies hit retailers, raising fears of fewer product options in stores for shoppers. Read More
Swiss sneaker brand On lifts targets as Europe, Asia fuel demand
On Holding AG lifted its sales and earnings forecasts for the year after an unexpectedly strong second quarter that saw buyers in Europe and Asia snap up the Swiss sneaker maker’s high-priced footwear. Read More
5 Tips for the Last week of SSULove Sweat Fitness – News
You’ve made it to the FINAL week of our Summer Shape Up Challenge and that’s something to celebrate! Whether you’ve crushed every single workout or missed a few along the way, this is your moment to finish strong, feel proud, and give it your all. Here are 5 tips to help you make the most…