Fashion
Amazon beats cloud growth estimates
By
Reuters
Published
October 30, 2025
Amazon.com forecast quarterly revenue largely below Wall Street estimates on Thursday, hurt by a weaker retail business as strong demand for its cloud services as businesses continue to spend relentlessly on artificial intelligence.
The massive cloud demand is helping the tech company ease the pressure from weaker growth at its e-commerce business, which is gearing up for the holiday season amid weakness in consumer confidence stemming from global trade uncertainty.
The company’s shares surged more than 10% in extended trading.
Its cloud unit, Amazon Web Services, reported a 20% rise in revenue in the third quarter ending in September, compared with the estimates of a 17.95% increase.
Amazon projected net sales of between $206 billion and $213.0 billion for the fourth quarter, while analysts on average were expecting revenue of $208.12 billion, according to data compiled by LSEG.
The strong results from AWS, the world’s largest cloud provider, followed stellar cloud revenue growth reported on Wednesday by Microsoft’s Azure and Google Cloud, the No. 2 and No. 3 players in the industry, respectively.
Microsoft, Google-parent Alphabet and Facebook owner Meta all announced plans for higher annual capital expenditures as they pour money into chips and data centers.
AWS typically accounts for a little more than 15% of Amazon’s total revenue, but the segment is a huge profit engine, making up roughly 60% of the company’s total operating income. The unit reported revenue growth of 17.5% in the second quarter.
© Thomson Reuters 2025 All rights reserved.
Fashion
India, Jordan to diversify trade basket; sign MoU on renewable energy
Modi is on an official 2-day visit to Jordan that ends today.
Jordan’s King Abdullah II ibn Al Hussein and Indian PM Narendra Modi have agreed to diversify the trade basket and convene early the 11th Trade and Economic Joint Committee in the first half of 2026 to monitor progress in economic and trade relations.
Modi is on an official visit to Jordan.
An MoU on technical cooperation in new and renewable energy was also signed.
A Jordan-India Business Forum was convened on the sidelines of the visit, where representatives from the two countries discussed ways to further strengthen and expand trade and economic cooperation, the Prime Minister’s Office said in a press release.
Addressing the forum, Modi suggested greater business collaboration in the fields of renewable energy, green financing, desalination and water recycling.
The leaders agreed to fully utilise the Agreement on Cooperation and Mutual Administrative Assistance in Customs Matters, according to a joint statement issued during the visit. This agreement facilitates sharing of information to ensure proper application of Customs Laws and combating of customs offences.
Both sides reaffirmed the importance of strengthening transport and logistics connectivity, including the regional integration of Jordan’s transit and logistics infrastructure as a strategic opportunity to advance shared economic interests and private-sector collaboration.
A memorandum of understanding on technical cooperation in new and renewable energy was also signed. Both sides agreed on the exchange and training of scientific and technical personnel, organisation of workshops, seminars and working groups, transfer of equipment, know-how and technology on a non-commercial basis and development of joint research or technical projects on subjects of mutual interest.
Fibre2Fashion News Desk (DS)
Fashion
YSE Beauty secures $15 million series A funding
Published
December 17, 2025
YSE Beauty, the skincare brand founded by entrepreneur Molly Sims, has closed a $15 million Series A funding round.
The funding, led by Silas Capital, with participation from L Catterton and existing investors Willow Growth Partners and Halogen Ventures, will be used to support YSE Beauty’s national expansion across all U.S. Sephora locations and to accelerate growth on its direct-to-consumer e-commerce platform.
“Molly’s approachable, yet authoritative voice has been a key driver in building the loyal and engaged community supporting the incredible momentum for YSE Beauty,” said Brian Thorne, partner at Silas Capital.
“Leveraging her insider network of dermatologists, estheticians, and makeup artists, she has curated a lineup of multi-functional skincare-meets-makeup essentials that cater to an underserved Gen X customer that demands results-driven beauty. We’re thrilled to partner with Molly for this next chapter, supporting both the brand’s impressive e-commerce momentum, as well as its quickly scaling wholesale expansion with Sephora.”
Founded in 2023, YSE Beauty targets women aged 35 and older seeking simplified, effective skincare solutions. The brand was inspired by Sims’ personal experience with hyperpigmentation and her desire to address what she saw as a gap in the market for clinically backed products designed for mature skin.
In 2025, YSE Beauty reported 120 percent revenue growth and expects to deliver more than 80 percent growth in 2026. The company anticipates more than doubling its Sephora business while continuing to scale e-commerce, bringing projected revenue to nearly $30 million next year.
“There is so much synergy between our brand, the brands in the Silas portfolio and L Catterton’s deep strategic knowledge of the category. Both firms deeply understand the kind of women we speak to… what she wears, what she values and how she moves through the world. It feels like a true alignment in vision and audience, making it the perfect fit,” added Sims.
“This partnership isn’t just strategic – it’s a shared philosophy and a mutual understanding of what’s going to fuel us and where we want to take the brand next.”
Copyright © 2025 FashionNetwork.com All rights reserved.
Fashion
Poshmark bolsters C-suite with Elizabeth von der Goltz appointment
Published
December 17, 2025
Poshmark on Tuesday announced the appointment of Elizabeth von der Goltz as its first chief revenue officer, as the resale platform looks to bolster its C-suite and drive organisational growth with the luxury veteran.
Joining Poshmark in January, Von der Goltz will oversee all commercial and marketing functions—including merchandising and sourcing, partnerships, customer acquisition and growth, brand and creative, and communications and social media. She will also “unite creative direction with commercial strategy into a cohesive revenue engine,” according to a press release from the U.S. firm.
“Elizabeth’s appointment marks a milestone moment for us,” said Namsun Kim, chief executive officer of Poshmark.
“We’ve always been a product and tech company at heart, but our next phase envisions pairing that DNA with commercial precision, creativity and brand strength. Elizabeth brings the rare combination of luxury fashion, digital retail strategy, and global merchandising and operational expertise. She is truly unique in her vision for channeling merchandising strategy into brand identity and translating brand equity into measurable growth and customer advocacy.”
With more than two decades of global experience in fashion, luxury, and e-commerce, Von der Goltz’s most recent roles include chief commercial officer at Matches Fashion; chief executive officer at Browns, and chief fashion and merchandising officer at Farfetch.
Earlier in her career, Von der Goltz held senior leadership roles at Bergdorf Goodman, before later serving as global buying director for Net-a-Porter.
“Throughout my career—from best-in-class brick-and-mortar to global e-commerce and luxury marketplaces—I’ve always focused on one question: what’s next for the consumer? As the industry evolves, the future is taking shape in social commerce, peer-to-peer connection, and circular fashion, and I’m thrilled to join Poshmark at this pivotal moment,” said Von der Goltz.
“The opportunity to merge world-class product and technology with strategic merchandising and brand creation is incredibly powerful. Resale and vintage have already become a mainstream part of shoppers’ closets and represent a structural shift in retail consumption. It’s an honor to join the leading fashion resale marketplace and its iconic community as chief revenue officer to help shape the next era of how people discover, buy, and sell fashion.”
The appointment of a chief revenue officer at Poshmark signals a shifting from a “purely product- and technology-led model to a more integrated and creative retail experience,” the company added.
Copyright © 2025 FashionNetwork.com All rights reserved.
-
Politics6 days agoTrump launches gold card programme for expedited visas with a $1m price tag
-
Tech1 week agoJennifer Lewis ScD ’91: “Can we make tissues that are made from you, for you?”
-
Business7 days agoRivian turns to AI, autonomy to woo investors as EV sales stall
-
Business3 days agoHitting The ‘High Notes’ In Ties: Nepal Set To Lift Ban On Indian Bills Above ₹100
-
Tech7 days agoGoogle DeepMind partners with UK government to deliver AI | Computer Weekly
-
Sports6 days agoU.S. House passes bill to combat stadium drones
-
Sports6 days agoPolice detain Michigan head football coach Sherrone Moore after firing, salacious details emerge: report
-
Business6 days agoCoca-Cola taps COO Henrique Braun to replace James Quincey as CEO in 2026
