Steel magnate Sanjeev Gupta is set to seek court approval to restructure the majority of his remaining UK operations. Sky News reported that Liberty Steel, Mr. Gupta’s privately-owned company, will introduce a restructuring plan for its UK Speciality Steel division (SSUK) on Monday, aimed at significantly reducing its debt. Begbies Traynor, considered the insolvency practitioner, has […]
The Industrial Transition Accelerator (ITA) has announced new partnerships with the governments of the UAE and Bahrain to expand its industrial decarbonization initiatives throughout the Middle East and North Africa (MENA) region, Zawya Reported. According to the report, This marks the ITA’s second focus region after the success of its Brazil program, launched in collaboration […]
Levi Strauss & Co., the US-based denim manufacturer, unveiled its first climate transition plan in October to address its environmental impact. This ambitious plan aims to support limiting global warming to 1.5 degrees Celsius, in line with the Paris Agreement and with climate science. Joining other major denim manufacturers like Diesel and Gap, Levi aims to achieve […]
The US-based activewear brand Vuori has secured an investment worth $825 million, raising the company’s net worth to nearly $5.5 billion. These are impressive numbers, considering the current challenges experienced in the apparel industry. The funding round was led by the General Atlantic and Stripes, with support from several additional investors.The investment is structured as […]
In January 2025, Estée Lauder will welcome Stéphane de La Faverie as its new President and CEO. He succeeds Fabrizio Freda, who announced his retirement after more than 16 years at the helm. De La Faverie brings over 25 years of experience in luxury beauty, having joined Estée Lauder in 2011 as Global President of […]
