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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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