Business|Interview

Ponda co-founder Julian Ellis-Brown talks wetland regeneration, BioPuff growth and fashion industry adoption

As fashion continues to search for lower-impact material alternatives, scaling innovations beyond niche applications remains a significant challenge. For UK startup Ponda, the answer lies not only in developing a new insulation material, but in rethinking the agricultural systems behind them. Founded around the concept of paludiculture, Ponda...

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Richemont achieves 22.4 billion euros in sales amidst geopolitical shifts

Compagnie Financière Richemont, the Swiss luxury goods group, delivered a solid performance for the financial year ended March 31, 2026, navigating fast-evolving geopolitical and macroeconomic conditions. Group sales reached 22.42 billion euros (26.04 billion dollars), representing an increase of 11 percent at constant exchange rates and 5...

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No merger: Puig and Estée Lauder end negotiations without an agreement

Madrid – After nearly two months of intense negotiations, there will be no merger, acquisition, absorption, or any similar operation leading to the integration of the Spanish fashion and beauty multinational Puig group and the American company The Estée Lauder Companies into a single entity. Both companies have now announced through separate...

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Hoka and Ugg drive Deckers Brands to 5.47 billion dollars in FY26 net sales

US footwear group Deckers Brands has announced its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2026, delivering record revenue driven by the ongoing momentum of Hoka and Ugg. For the full fiscal year 2026, net sales increased 9.8 percent to 5.47 billion dollars compared to 4.99 billion dollars in the...

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