Author: Scott Dylan

In a decisive move, Apple has been ordered to pay €13 billion in back taxes to Ireland by the European Court of Justice. This overturns a prior ruling in Apple’s favour. The case highlights the European Union’s stance against preferential tax treatments.The case began in 2016 when Margrethe Vestager, the EU’s competition commissioner, alleged that Ireland had granted Apple illegal state aid. The crux of the complaint was that Apple had used specific tax arrangements to avoid paying taxes on profits made outside the United States. These profits were routed through two Irish subsidiaries.Experts suggest this ruling could have considerable…

In a recent development, startups are advised to either let go of underperforming staff immediately or allow them six weeks to improve.The strategy was detailed in a report by Nik Storonsky, co-founder of Revolut, who stressed the need for high performance in tech firms.Storonsky advocates for directing resources to retain top talent, highlighting the inefficiency of keeping underperformers.Criticism arises from practices perceived as setting unachievable targets and fostering a high-pressure work environment.The report further recommends performance reviews and promotions based on merit every six months, managed separately from HR.Nik Storonsky, co-founder of a rapidly growing fintech, Revolut, discusses a strategic…

London Fashion Week kicks off with a vibrant mix of events and showcases, solidifying its place as a premier global fashion event. A convergence of emerging talent and established names ensures a memorable week for attendees.Harris Reed debuts on the official LFW schedule with a show at Tate Modern, highlighting their demi-couture label’s unique offerings.Resale giants like eBay and Vinted introduce sustainability-driven runway events, aligning fashion with eco-consciousness.Puppets & Puppets makes its transatlantic debut in London, focusing on their innovative accessory designs.Collaborations such as Ahluwalia x Pandora and On x FKA Twigs enrich the fashion narrative with diverse artistic expressions.London…

John Lewis has announced a collaboration with the contemporary label Awake Mode, founded by Natalia Alaverdian.The collaboration results in a 46-piece collection, set to launch on 17 October, designed at the John Lewis London studio.It includes various items such as dresses, tops, tailoring, outerwear, and accessories, featuring luxury fabrics.This partnership is part of John Lewis’s modernisation plan, offering fresh elements alongside existing brands.The collection will be available in 10 John Lewis stores and online, with prices ranging from £49 to £399.John Lewis has unveiled an exciting partnership with the contemporary fashion label Awake Mode, under the creative direction of Natalia…

The National Exhibition Centre (NEC) in Birmingham has been chosen to host the 2027 Intelligent Transport Systems World Congress. This marks a significant milestone as it will be only the second time the UK has hosted this important event.Delegates from around the world will gather to explore advancements in transport technology, making it a landmark event for the sector. The NEC’s selection underscores the UK’s commitment to leading the future of transport innovation.Intelligent Transport Systems World Congress Returns to the UKThe Intelligent Transport Systems World Congress will take place at the National Exhibition Centre (NEC) in Birmingham in 2027. This…

Wilkinson Sword has reported an increase in turnover for the financial year ending 30 September 2023. However, the firm’s pre-tax losses have deepened significantly.The company, which owns brands like Playtex and Bulldog skincare, saw higher production costs, increased marketing investments, and other financial impairments impacting its bottom line.Wilkinson Sword’s revenue climbed to £132.4 million for the year ending 30 September 2023, up from £116.9 million the previous year. Despite this sales boost, the company’s pre-tax losses escalated from £4.4 million to £10.3 million over the same period, according to the most recent accounts submitted to Companies House.The company cited several…

A recent webinar offers strategic insights into successful social commerce on TikTok Shop.The event highlighted the anticipated growth of social commerce sales to nearly £16bn by 2028.Key speakers, including TikTok Shop’s head of fashion, shared insider knowledge.Asos and Kaiia’s leaders discussed their fruitful social strategies.Expert advice was presented to guide fashion brands in thriving on TikTok Shop.The recent forecast suggests that sales via social commerce platforms like TikTok are expected to grow significantly, doubling their current value within the next four years. This growth presents an opportunity for brands of all sizes to capitalise on the rise of social shopping.…

Adrian Newey, renowned as the greatest designer in Formula 1 history, has made a significant career move. Newey has joined Aston Martin as the managing technical partner, setting the stage for an ambitious pursuit of the world championship.This strategic move was officially announced at Aston Martin’s F1 base in Silverstone. It marks a promising new chapter for the team, which is heavily backed by team owner Lawrence Stroll’s substantial investments.At 65, Adrian Newey’s contract with Aston Martin is a major coup for the team, not least because it is reportedly worth up to £30 million a year. This financial package…

Grant Burge, owned by Accolade Wines, partners with Krink for a limited edition release.The collaboration features a unique design by artist Craig Costello, marking his first wine industry venture.Available in major UK supermarkets, the exclusive Shiraz is priced at £11.The partnership aims to attract a younger audience with a digital and in-store marketing strategy.’Leave Your Mark’ ethos of Grant Burge resonates with Krink’s artistic aesthetics.Accolade Wines has announced an exciting collaboration involving its brand, Grant Burge, and the creative studio Krink, resulting in a limited edition offering of the renowned Barossa Ink Shiraz. This partnership introduces a unique packaging design…

Net-A-Porter collaborates with Mr Porter to enhance its mentorship programme, supporting upcoming designers.Three emerging designers selected for 2024 will benefit from an extended mentorship duration.The initiative is part of the Vanguard programme in partnership with the British Fashion Council.Designers are chosen for their focus on responsible design and sustainability.Innovative digital ID technology is introduced in new capsule collections.Net-A-Porter, in collaboration with Mr Porter, has expanded its mentorship programme to further support emerging designers. This enhancement is part of the Vanguard programme, which is conducted in partnership with the British Fashion Council. Three new designers have been selected for 2024, marking…