Luxury e-commerce faces recession as Mytheresa cuts 700 jobs while Ssense enters insolvency

The luxury digital commerce industry entered a critical recession phase on September 3, 2025, when LuxExperience B.V., the parent company of Mytheresa, announced plans to eliminate approximately 700 positions across YOOX NET-A-PORTER operations. This announcement coincided with Ssense’s bankruptcy filing in Canadian courts, according to legal documents filed with the Supreme Court of Quebec. According…

Vedanta Triumphs Over Adani with ₹17,000 Crore Bid for Jaiprakash Associates, ETEnergyworld

The bid value translates into Jaiprakash Associates’ net present value of ₹12,505 crore. Mining conglomerate Vedanta on Friday beat Gautam Adani’s Group to make a winning bid for the acquisition of debt-ridden Jaiprakash Associates (JAL) for ₹17,000 crore, according to sources. The bid value translates into Jaiprakash Associates’ net present value of ₹12,505 crore. JAL,…

Vedanta Triumphs Over Adani with ₹17,000 Crore Bid for Jaiprakash Associates, ETInfra

The bid value translates into Jaiprakash Associates’ net present value of ₹12,505 crore. Mining conglomerate Vedanta on Friday beat Gautam Adani’s Group to make a winning bid for the acquisition of debt-ridden Jaiprakash Associates (JAL) for ₹17,000 crore, according to sources. The bid value translates into Jaiprakash Associates’ net present value of ₹12,505 crore. JAL,…