Shein, a leading fast fashion retailer, is urging key Chinese suppliers to establish production facilities in Vietnam, offering temporary incentives such as procurement prices up to 30% higher, along with guaranteed larger orders, according to a recent report. This strategic shift responds to recent changes in US trade policy, particularly the removal of the “de […]
The partnership between the two companies is prioritising performance monitoring and is implementing reporting mechanisms to track environmental impact while they measure emission reductions and enhance project transparency. SEE Holding has signed a Memorandum of Understanding (MoU) with Arabian Gulf Steel Industries (AGSI), marking a step towards advancing sustainable construction practices in the region. This […]
The Prada Group has appointed Silvia Onofri as the CEO of Miu Miu, effective 26 February 2025. Onofri holds a master’s degree in economics from La Sapienza University in Rome and has pursued further studies at the London School of Economics and the University of Greenwich. She brings extensive experience in the luxury sector, boasting […]
German industrial giant Thyssenkrupp has reported an increase in earnings despite weaker sales, attributing the growth to its ongoing efficiency initiatives. Meanwhile, the company’s military-related divisions anticipate a boost in demand, driven by rising global defense spending. Thyssenkrupp gave a mixed financial update on Thursday as it highlighted unstable market conditions while highlighting some areas […]
With the European Commission’s (EC) approval, the French government has introduced € 500 million (US $ 516 million) chemical recycling program to promote the circular economy in the textile and plastic industries. The goal of the French government’s initiative is to encourage the chemical recycling of some types of plastic trash, including containers, film-based wrapping […]
ACWA Power, a Saudi Arabia based leading developer of power and water solutions, has signed several key agreements [1] with Saudi Aramco to drive renewable energy and innovation in Saudi Arabia. These agreements were announced during ACWA Power’s flagship Innovation Days 2025 event in Riyadh. The partnerships focus on advancing renewable energy deployment and green […]
China has announced a significant policy shift [1], allowing market forces to determine the prices of renewable electricity. The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) have agreed to scrap fixed pricing on renewable power, enabling electricity generated by renewables to be freely traded. This move is aimed at modernizing […]
COS, a London-based fashion brand owned by the H&M Group, has revealed its first limited-edition denim capsule collection made up of 20% pre-loved Cos clothing. COS REMADE introduced the brand’s first denim capsule, comprising five versatile womenswear styles crafted from 20% collected, pre-loved cotton pieces by COS. The limited-edition collection gives fibres renewed purpose, reimagining […]
