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31.01.26 - 12:36
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Labubu toymaker Pop Mart picks London as European headquarters, rolls out new stores (SCMP)
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Labubu toymaker Pop Mart plans to establish its European headquarters in London, as UK Prime Minister Keir Starmer met the company's founder during a high-profile China visit aimed at rebuilding Britain's economic ties with the world's second largest economy.
That plan was revealed at a closed-door CEO round table on Friday during the UK-China Business Forum, where Starmer met a group of Chinese business leaders that included Pop Mart founder and CEO Wang Ning.
“London stands at the heart of the......
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31.01.26 - 10:03
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"Leader Turned Follower": Lululemon′s See-Through Legging Fiasco Exposes Brand Drift (ZeroHedge)
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"Leader Turned Follower": Lululemon's See-Through Legging Fiasco Exposes Brand Drift
Lululemon Athletica has drifted from its core strength in premium, high-quality yoga pants, chasing trends and fast product cycles. Competitors such as Alo Yoga and Vuori are quickly taking market share, while Lululemon has seen quality lapses, culminating in the botched launch of its "Get Low" tights earlier this month.
Bloomberg reports that Chief Brand and Product Activation Officer Nikki Neuburger told hundreds of employees at a meeting last week and in a video shared with staff worldwide that customers were not wearing the new $108 Get Low tights correctly.
Neuburger said that customers who bought the new controversial leggings, which some customers claim were see-through and "not squat proof," must size up and wear skin-toned underwear before putting on Get Low tights.
Neil Saunders, managing director of GlobalData, was quoted by Bloomberg as saying that Neuburger's memo to staff blaming customers for...
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30.01.26 - 12:18
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British American Tobacco accused of helping North Korea fund terrorism in lawsuit (The Guardian)
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Victims of terrorist attacks say BAT's operations in North Korea helped fund weapons used in the Middle EastHundreds of US military service members, civilians and their families have filed a lawsuit for unspecified damages against British American Tobacco (BAT), one of the world's largest tobacco companies, and a subsidiary, claiming the company spent years illicitly helping North Korea fund terrorism weapons that were used against Americans.BAT formed a joint venture in 2001 with a North Korean company to manufacture cigarettes in the country. The venture quietly continued, a 2005 Guardian investigation revealed, even as the US government publicly warned North Korea was funding terrorism and imposed sanctions on the country. Amid mounting international pressure in 2007, the company claimed it was ending business in North Korea, but secretly continued its operation through a subsidiary, the US justice department said in 2023. BAT's venture in North Korea provided around $418m in banking transactions, ?...
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30.01.26 - 08:09
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Diageo Outperform (DPA-AFX)
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NEW YORK (dpa-AFX Analyser) - Die kanadische Bank RBC hat die Einstufung für Diageo mit einem Kursziel von 2000 Pence auf "Outperform" belassen. Die Chancen für eine Erholung des Spirituosenkonzerns stünden gut, urteilte James Edwardes Jones am Donnerstagabend. ......
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29.01.26 - 18:36
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′Generational shift′ towards sparkling wine behind strong sales, says UK′s Chapel Down (The Guardian)
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Kent-based producer sees better-than-expected 19% sales rise on back of millennials' preference for 'lighter, crisper style of wine'Chapel Down has credited a “generational shift” towards sparkling wine for strong sales growth last year.The Kent-based wine maker, which listed on the Aim junior stock market in 2023, said sales rose by a better-than-expected 19% to £19.4m in the year to 31 December, led by a 38% increase in retail sales as well as strong exports. Continue reading......
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29.01.26 - 15:49
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BAT Neutral (DPA-AFX)
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NEW YORK (dpa-AFX Analyser) - Die US-Bank JPMorgan hat die Einstufung für British American Tobacco (BAT) nach Zahlen des US-Konkurrenten Altria auf "Neutral" mit einem Kursziel von 4150 Pence belassen. Der US-Zigarettenmarkt habe weiterhin einen Trend ......
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