Metaverse could be worth an estimated $5 trillion by 2030
Metaverse could be worth an estimated $5 trillion by 2030
E-commerce is forecast to be the metaverse’s main source of revenue, accounting for approximately 50% of its total value by 2030.
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![Metaverse could be worth an estimated $5 trillion by 2030]()
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![Aeffe incorporates its lingerie producer Velmar]()
Aeffe incorporates its lingerie producer VelmarAeffe incorporates its lingerie producer VelmarThe Italian luxury group, owner among others of Moschino, is busy reorganising and has incorporated its lingerie and beachwear specialist Velmar, which also holds the Chiara Ferragni swimwear license.
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![Kohl's ends sale talks with Franchise Group, shares plunge]()
Kohl's ends sale talks with Franchise Group, shares plungeKohl's ends sale talks with Franchise Group, shares plungeU.S. department store chain Kohl's Corp on Friday called off its sale to Franchise Group after months of negotiations, citing sinking markets and difficult financing conditions.
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![Boots revenue soars says owner as WBA reports overall lower Q3 sales]()
Boots revenue soars says owner as WBA reports overall lower Q3 salesBoots revenue soars says owner as WBA reports overall lower Q3 salesAfter Walgreens Boots Alliance (WBA) pulled the UK-based Boots chain from sale earlier this week, all eyes were on how the chain performed when WBA released its Q3 results on Thursday.
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![Beauty brand Ogee raises $7 million]()
Beauty brand Ogee raises $7 millionBeauty brand Ogee raises $7 millionCertified-organic beauty brand Ogee Inc. announced on Thursday that it has raised $7.07 million in a Series A offering.
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![Wolverine Worldwide sells Champion footwear license to HanesBrands]()
Wolverine Worldwide sells Champion footwear license to HanesBrandsWolverine Worldwide sells Champion footwear license to HanesBrandsWolverine Worldwide announced on Thursday it has sold its Champion trademarks for footwear in the United States and Canada to its long-time licensee HanesBrands Inc for $90 million in cash.
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![Carlo Capasa re-elected chairman of the National Chamber of Italian Fashion]()
Carlo Capasa re-elected chairman of the National Chamber of Italian FashionCarlo Capasa re-elected chairman of the National Chamber of Italian FashionCarlo Capasa has been confirmed for the fifth consecutive time as head of the National Chamber of Italian Fashion (CNMI). He has been re-elected after two particularly challenging years marked by the pandemic.
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![Ralph Toledano, passing the baton, considers his tenure at the FÃdÃration de la Haute Couture et de la Mode]()
Ralph Toledano, passing the baton, considers his tenure at the Fédération de la Haute Couture et de la ModeRalph Toledano, passing the baton, considers his tenure at the FÃdÃration de la Haute Couture et de la ModeThis Friday marked the passing of a baton, as Ralph Toledano retires as president of the Fédération de la Haute Couture et de la Mode, French high fashion’s governing body. He met Fashion Network to consider his tenure.
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![Baird Group gets funding injection to drive international growth]()
Baird Group gets funding injection to drive international growthBaird Group gets funding injection to drive international growthUK-based menswear retailer/wholesaler Baird Group has secured £7 million in funding from Bibby Financial Services (BFS). The additional financing will go to support international growth while increasing stock volumes.
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![Frasers Group buys major MySale stake to help with clearance activities]()
Frasers Group buys major MySale stake to help with clearance activitiesFrasers Group buys major MySale stake to help with clearance activitiesFrasers Group has acquired a big stake in Australian fashion marketplace, MySale. It sees it as "an opportunity for a strategic partnership" to sell end-of-line group products via an established clearance channel.
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![Cath Kidston sold to Hilco, plans expansion at home and abroad]()
Cath Kidston sold to Hilco, plans expansion at home and abroadCath Kidston sold to Hilco, plans expansion at home and abroadIt's official. After several days of speculation, restructuring specialist Hilco Capital has acquired the Cath Kidston brand from its previous owner Baring Private Equity Asia (BPEA).
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![L Catterton to sell Danish fashion brand Ganni in up to $700 million deal, sources say]()
L Catterton to sell Danish fashion brand Ganni in up to $700 million deal, sources sayL Catterton to sell Danish fashion brand Ganni in up to $700 million deal, sources sayPrivate equity firm L Catterton is selling Danish fashion brand Ganni in a deal that could fetch up to $700 million, two people with knowledge of the situation told Reuters.
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![H&M links with Google Cloud to boost customer experience, internal functions]()
H&M links with Google Cloud to boost customer experience, internal functionsH&M links with Google Cloud to boost customer experience, internal functionsFresh from delivering its latest results this week, on Thursday H&M had another big announcement with the debut of a new partnership with Google Cloud.
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![Luxury shoppers increasingly focus on sustainability, the metaverse - report]()
Luxury shoppers increasingly focus on sustainability, the metaverse - reportLuxury shoppers increasingly focus on sustainability, the metaverse - reportA new BCG and Comité Colbert study shows that 65% of consumers “take into account companies' commitment to sustainable development when deciding on their purchases” and that luxury still needs to do more to excel online.
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![Chanel-backed 'activated silk' firm adds new investors]()
Chanel-backed 'activated silk' firm adds new investorsChanel-backed 'activated silk' firm adds new investorsEvolved By Nature, a biotech firm backed by French fashion company Chanel, said on Thursday it has raised $120 million in a financing round, adding new investors including one of Canada's biggest pension funds.