BYD has agreed to a $1bn (£780m) deal to set up a manufacturing plant in Turkey. The new plant will be able to produce up to 150,000 electric and hybrid vehicles annually; the facility is expected to create around 5,000 jobs and start production by the end of 2026.
The National Samsung Electronics Union (NSEU), representing workers at the South Korean tech giant Samsung Electronics, has called on its roughly 30,000 members to commence an indefinite strike as part of their campaign for better pay and benefits.
Woolmark marks its 60th anniversary with the launch of Woolmark Recycled, reflecting its commitment to sustainability and quality. This new specification guarantees that products include a minimum of 20% recycled wool, sourced from both pre-consumer and post-consumer materials
Mark Wahlberg celebrated the grand opening of his clothing brand Municipal’s first permanent store in the centre of West Hollywood’s Design District, marking a milestone for the four-year-old brand.
Vans’ “Always Out There” collection reimagines Y2K fashion with a modern twist. Featuring the Upland, Hylane, and Mixxa sneakers, this collection blends nostalgic design with contemporary comfort. Available now at Vans stores and online at Vans.com.
Amazon employees are expected to protest outside the firm’s warehouses in the UK in a dispute over workers’ rights. The GMB union told the BBC that it coincides with the start of a ballot in a “bid to force Amazon to recognise a union for the first time” in the country. A GMB spokesman also mentioned that the ballot’s results, which were expected on 15 July, could mean Amazon would be required to negotiate pay and conditions with them.
Biotrend and Freepoint Eco-Systems International Ltd. have announced a potential strategic partnership aimed at expanding their footprint in the circular plastics economy. By leveraging their shared vision, this collaboration will enhance their presence in the advanced recycling industry.
Luxury fashion houses are revolutionising brand presentation with experiential marketing strategies, from pop-up stores to hospitality collaborations. These initiatives create immersive environments that showcase heritage and values, driving social media buzz and deepening consumer connections. As the luxury sector evolves, such innovative approaches are set to become increasingly pivotal in reinforcing market positions and attracting new clientele.
In a move that’s bound to spark a social media frenzy, French high-jewellery brand FRED has tapped the talents of global K-Pop superstar Kim Seok-jin, better known as Jin of BTS, as its first-ever Global Brand Ambassador.
Explore Celine’s latest in luxury with an expanded Haute Parfumerie collection, showcasing meticulously crafted bath and body products curated by Hedi Slimane, each exuding the brand’s distinctive olfactory charm.
Jollibee Foods, the Philippines’ leading fast-food chain, announced a significant move towards global dominance in the coffee market. The company is acquiring a majority stake in Compose Coffee, a South Korean coffee chain, for a total of $340 million. Jollibee Worldwide Pte, a subsidiary of Jollibee Foods, will hold the majority stake, 70% in Compose Coffee, valued at $238 million, while their affiliated Titan Fund will hold an additional 5%. The remaining 25% will be owned by private equity firm Elevation.
E.l.f. Beauty has expanded its collaboration with Roblox to pioneer real-world commerce on the platform. Supported by Walmart, this initiative features a virtual kiosk in the E.l.f. Up! experience, offering limited-edition physical products and digital items. The move highlights E.l.f.’s commitment to cruelty-free beauty and innovative social commerce, engaging their vibrant Roblox community.
