Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Padua, Italy
Luxury
Safilo Books €227 Million Write-Down in Wake of Dior Eyewear Loss
Safilo said earlier this month it would lose its license at the end of 2020 to use the Dior brand, which accounted for 14 percent of sales in the first half and which will likely go instead to LVMH's eyewear partner Marcolin.
Safilo Books €227 Million Write-Down in Wake of Dior Eyewear Loss
Safilo said earlier this month it would lose its license at the end of 2020 to use the Dior brand, which accounted for 14 percent of sales in the first half and which will likely go instead to LVMH's eyewear partner Marcolin.
News & Analysis
Safilo Struggled in 2017 After Losing Gucci License
The world's second-largest eyewear group's adjusted core profit is set to halve from a year earlier.
Safilo Struggled in 2017 After Losing Gucci License
The world's second-largest eyewear group's adjusted core profit is set to halve from a year earlier.
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The News in Brief
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.