Gildan Activewear acquires Hanes Brands in major apparel deal
Canadian clothing giant Gildan Activewear has announced its acquisition of Hanes Brands for $2.2 billion, marking one of the most significant deals in the apparel [more…]
Category: U.S.
The rise of Spray-On sneakers
On, the Swiss running brand, has unveiled a groundbreaking innovation in athletic footwear: LightSpray™ technology, a spray-on process that redefines how running shoes are made. Unlike [more…]
Costco sued over Lululemon lookalikes
Lululemon has filed a federal lawsuit against Costco, accusing the wholesale giant of selling unauthorized “dupes” of its popular athleisure clothing at significantly lower prices. [more…]
Spain escalates crackdown on Airbnb and short-term rentals
Spain has intensified its campaign against Airbnb and similar rental booking platforms, ordering the removal of over 65,000 holiday rental listings from Airbnb alone for [more…]
Otoki to invest $40 million in strengthening U.S. presence
Otoki, the major South Korean food manufacturer formerly known as Ottogi, announced a significant investment of 56.5 billion won (approximately $40 million) into its U.S. [more…]
Tesla sales slide in China amid rise of cheaper, high-tech local rivals
Tesla’s deliveries in China dropped sharply in April 2025, with its Shanghai Gigafactory handing over 58,459 Model 3 and Model Y vehicles-a 25.8% decline from [more…]
Pirelli initiates steps to reduce Chinese stakeholder power
Pirelli, the renowned Italian tire manufacturer, is on the verge of a significant shift in its ownership structure as it prepares to end the controlling [more…]
Port giants CK Hutchison, PSA look to sell stakes
CK Hutchison Holdings, the Hong Kong conglomerate controlled by billionaire Li Ka-shing, is advancing plans to divest its global ports business in a landmark transaction. [more…]
Sony raises PS5 prices in select markets amid economic pressures
In a move that’s sure to rattle gamers’ wallets, Sony announced over the weekend that it will raise prices on certain PlayStation 5 consoles starting [more…]
Apple airlifts 600 tonnes of iPhones from India
Apple has undertaken extraordinary measures to circumvent the steep tariffs imposed by President Donald Trump on Chinese imports, airlifting approximately 1.5 million iPhones from India [more…]
