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Young creators face cost dilemma at London Fashion Week
To show or not to show at London Fashion Week? That was the question at this year's event for young independent brands facing higher costs post Brexit and soaring inflation.
Мода
Lab-grown diamonds put natural gems under pressure
The glittering diamonds sparkle the same but there are key differences: mined natural gems are more than a billion years old, while laboratory-made rocks are new and cost less than half the price.
Люкс
EU opens formal investigation into TikTok over possible online content breaches
The European Union will investigate whether TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, putting the social media platform at risk of a hefty fine.
France lowers 2024 growth forecast to 1%, announces budget cuts for €10 billion
The French government has revised downwards its growth forecast for 2024, from 1.4% to 1%, announced Finance Minister Bruno Le Maire on Sunday, heralding “immediate” budget cuts worth €10 billion.
Temu is ‘shopping like a billionaire’ for ads. What could go wrong?
The business of selling cheap odds and ends online might prove to be just as short-lived as a polyester sweater from a fast fashion company.
Мода
Retailers demand more action from EU to resolve Red Sea crisis
European retail industry body Eurocommerce called on European Union institutions and member states to resolve the Red Sea crisis that has disrupted trade and had "massive impacts" on businesses.
Мода
Alibaba's impact on European brands targeting China
At a time when Chinese players are causing concern in European commerce, Alibaba reveals that its French, German, Italian, Spanish, and British counterparts sold €30 billion worth of products in China in 2022.
Мода
Galeries Lafayette: future of 26 French franchised stores to be finally decided on February 21
The future of 1,000 employees is hanging in the balance: the final ruling on the continuity plan for the 26 Galeries Lafayette stores owned by Michel Ohayon has been postponed to February 21 by the Bordeaux trade court.
Мода
Stefano Tonchi and Sharon Waxman launch TheWrapBook
TheWrap, th entertainment business and media platform, is launching a cinematic collectible celebrating the art of entertainment. Stefano Tonchi serves as editorial director and Sharon Waxman editor in chief and CEO.
Люкс
Hermes vs Hermes: Turkish bookseller takes on French giant
It's a case of Hermes vs Hermes. The global luxury goods giant based in Paris, is suing the other, a cosy bookseller tucked away in a Turkish seaside town, over alleged trade name infringement.
Люкс
Blackstone said to consider bid for skin-care company L’Occitane
Blackstone Inc. is considering a bid for skin-care company L’Occitane International SA, according to people familiar with the matter.
Красота
EU confirms guidelines on forced labour ban amidst criticism
The EU Council's position on the measures designed to ban products linked to forced labour has enshrined an approach relying on checks carried out by member states, rather than on obligations imposed on consumer brands.
Мода
Galeria Karstadt Kaufhof begins investment process
As the company announced on Wednesday, a structured investment process has been launched with the approval of the provisional insolvency administrator Stefan Denkhaus and the provisional creditors' committee.
Мода
In Germany, KaDeWe Group initiates insolvency proceedings
Rent is too high. "Before rent", the business is profitable, explains the management of the department stores' for the 2022/23 financial year, which generated the highest turnover in its history.
Мода
Humans still cheaper than AI in vast majority of jobs, MIT finds
Artificial intelligence can’t replace the majority of jobs right now in cost-effective ways, according to the Massachusetts Institute of Technology.
MyTraffic acquires Spanish competitor Geoblink
MyTraffic, a specialist in traffic analysis for retail outlets, has announced the acquisition of Spanish company Geoblink for an undisclosed sum, to create a "European leader in geospatial intelligence".