Palestinian Fashion Designer Helps Women in Bethlehem to Start Up

 Palestinian fashion designer Nadya Hazboun gives instructions
to trainees in Bethlehem, in the Israeli-occupied West Bank. Reuters
Palestinian fashion designer Nadya Hazboun gives instructions to trainees in Bethlehem, in the Israeli-occupied West Bank. Reuters
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Palestinian Fashion Designer Helps Women in Bethlehem to Start Up

 Palestinian fashion designer Nadya Hazboun gives instructions
to trainees in Bethlehem, in the Israeli-occupied West Bank. Reuters
Palestinian fashion designer Nadya Hazboun gives instructions to trainees in Bethlehem, in the Israeli-occupied West Bank. Reuters

Nadya Hazboun, a brilliant Palestinian fashion designer, is making huge efforts to preserve the Palestinian identity using the clothes and accessories she creates. She is also sharing her skills with other Palestinian women in her hometown Bethlehem, in the occupied West Bank.

As part of a project funded by the Holy Land Association, Hazboun helps women start their own businesses by training them to design, sew, and create accessories for houses and kitchens, as well as supporting them to market their products.

“My name is Nadya Hazboun, a fashion designer from Bethlehem. The training courses I have been giving focus on teaching Palestinian women some of my design and sewing skills. The current project, which is supported by the Holy Land Association, has helped many women learn sewing, and provided them with sewing machines to work from their houses,” Hazboun, fashion designer and trainer, told Reuters.

As living costs soar, the role of women in the Palestinian society should expand to help diversify income sources in families, believed Nadya. Our people must understand the importance of work and education for women,” she added.

Women who benefitted from the project said it helped them learn many things and make more money to support their families especially in time of crises.

“The project started in the beginning of the pandemic which affected all families in Bethlehem. When they proposed the idea of the project, we loved it.

This project didn’t only help us learn a new profession (design and sewing), but also motivated us to develop ourselves as women on many levels,” Ghada Salameh, a woman from the project, wife and mother of four, told Reuters.

For her part, Ghada Hanna, another beneficiary, a wife and a mother of four girls, noted that this project helped her discover her hidden talents.



Estee Lauder Forecasts Annual Profit Above Estimates on Strong China Demand

An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
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Estee Lauder Forecasts Annual Profit Above Estimates on Strong China Demand

An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)

Estee ‌Lauder forecast annual profit above Wall Street estimates on Wednesday, betting on sustained spending on premium fragrances and strong performance in key markets such as China, reflecting persistent gains from its CEO's turnaround strategy.

Resilient spending by affluent ‌and younger ‌customers, especially on trendy ‌items, ⁠has helped boost ⁠demand for the cosmetics maker's luxury fragrances and skincare products such as Le Labo and Balmain Beauty.

To sustain that momentum, Estee ⁠has accelerated premium product launches, ‌streamlined ‌supply chain and ramped up investments in ‌innovation and marketing under ‌CEO Stephane de La Faverie's "Beauty Reimagined" strategy.

The Clinique and M.A.C owner, whose merger conversations with Jean ‌Paul Gaultier-owner Puig collapsed in May, expects 2027 adjusted ⁠earnings ⁠per share in the range of $3.10 to $3.35, with its midpoint above analysts' average estimate of $3.18 per share, according to data compiled by LSEG.

The company's quarterly sales of $3.63 billion were also ahead of the estimate of $3.54 billion.


Shein Eyes Company Valuation of Around $25 Billion in Hong Kong IPO

FILED - 29 April 2024, Berlin: FILE PHOTO - The Shein logo can be seen on a smartphone. Photo: Monika Skolimowska/dpa
FILED - 29 April 2024, Berlin: FILE PHOTO - The Shein logo can be seen on a smartphone. Photo: Monika Skolimowska/dpa
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Shein Eyes Company Valuation of Around $25 Billion in Hong Kong IPO

FILED - 29 April 2024, Berlin: FILE PHOTO - The Shein logo can be seen on a smartphone. Photo: Monika Skolimowska/dpa
FILED - 29 April 2024, Berlin: FILE PHOTO - The Shein logo can be seen on a smartphone. Photo: Monika Skolimowska/dpa

Online fast-fashion retailer Shein is eyeing a company valuation of around $25 billion in its Hong Kong IPO, said three people with knowledge of the matter, down from nearly $100 billion four years ago due to challenging business conditions.

Singapore-headquartered Shein, known for selling $5 ⁠dresses and $10 jeans to ⁠shoppers in about 160 countries, is aiming to launch its much-awaited initial public offering later this week, Reuters has reported.

One of ⁠the three sources said that the company, which was founded in China in 2012, was looking at a valuation of between $25 billion and $28 billion based on the marketing price band for the offering.

The sources declined to be ⁠named ⁠as they were not authorized to speak to the media ahead of a public announcement of the deal terms. A spokesperson for Shein did not immediately respond to a Reuters request for comment.


Birkenstock Raises Annual Revenue Forecast on Strong Demand

Shares of the German sandal maker were up ‌7% in ‌premarket trading.  (Getty Images)
Shares of the German sandal maker were up ‌7% in ‌premarket trading. (Getty Images)
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Birkenstock Raises Annual Revenue Forecast on Strong Demand

Shares of the German sandal maker were up ‌7% in ‌premarket trading.  (Getty Images)
Shares of the German sandal maker were up ‌7% in ‌premarket trading. (Getty Images)

Birkenstock raised its full-year sales growth forecast on Wednesday, banking on resilient full-price demand for its premium sandals from affluent shoppers.

Shares of the German sandal maker were up ‌7% in ‌premarket trading.

A pullback in ‌US ⁠discretionary spending has ⁠weighed on much of the apparel and footwear sector, but brands such as Birkenstock catering to wealthier consumers have largely held up, benefiting from ⁠strong pricing power and ‌brand loyalty.

While ‌the Middle East conflict continues ‌to create uncertainty in the Gulf ‌region, the impact on the quarter was more contained than initially anticipated, the company said.

It now ‌expects fiscal year 2026 revenue growth of 15% ⁠on ⁠a constant currency basis, compared with its earlier forecast of a 13% to 15% rise.

The company posted third-quarter revenue of 719.5 million euros ($829.08 million), compared with analysts' estimate of 713.4 million euros, according to data compiled by LSEG.