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.
tax
Financial Markets
Report: Italian Financial Police Visit Gucci Offices in Tax Probe
Milan prosecutors suspected the Kering-owned brand may have paid taxes on profits generated by sales in Italy in another country with a more favourable tax regime, according to a source.
Report: Italian Financial Police Visit Gucci Offices in Tax Probe
Milan prosecutors suspected the Kering-owned brand may have paid taxes on profits generated by sales in Italy in another country with a more favourable tax regime, according to a source.
China
Cuts to China’s Import Tariffs to Buoy Fashion and Cosmetics
Import taxes on almost 200 consumer goods categories, including fashion and cosmetics, are to be slashed in a bid to encourage more domestic spending.
Cuts to China’s Import Tariffs to Buoy Fashion and Cosmetics
Import taxes on almost 200 consumer goods categories, including fashion and cosmetics, are to be slashed in a bid to encourage more domestic spending.
Financial Markets
Nike Knocked by Unions for Company's Tax Avoidance Strategies
Following Nike's appearance in the 'Paradise Papers' earlier this month, the sports giant is now facing a push by organised labour to stop the practice.
Nike Knocked by Unions for Company's Tax Avoidance Strategies
Following Nike's appearance in the 'Paradise Papers' earlier this month, the sports giant is now facing a push by organised labour to stop the practice.
Financial Markets
Prada Signs Italian Tax Cooperation Agreement
The scheme involves an exchange of information between the Italian fashion house and authorities to avoid disputes and help the business to avoid unexpected tax demands.
Prada Signs Italian Tax Cooperation Agreement
The scheme involves an exchange of information between the Italian fashion house and authorities to avoid disputes and help the business to avoid unexpected tax demands.
Financial Markets
Bernard Arnault Responds to 'Paradise Papers'
Assets referred to by Le Monde newspaper in the 'Paradise Papers' leaks were known to tax authorities, said the LVMH chief executive in a statement.
Bernard Arnault Responds to 'Paradise Papers'
Assets referred to by Le Monde newspaper in the 'Paradise Papers' leaks were known to tax authorities, said the LVMH chief executive in a statement.
Retail
US Retailers Boost Lobbying Spend Amid Border-Tax Battle
Target, Best Buy and Gap almost quadrupled their combined spending on lobbying in Washington as they work to defeat a corporate-tax proposal that some have said threatens their industry.
US Retailers Boost Lobbying Spend Amid Border-Tax Battle
Target, Best Buy and Gap almost quadrupled their combined spending on lobbying in Washington as they work to defeat a corporate-tax proposal that some have said threatens their industry.
Financial Markets
Why Vetements is Moving to Zürich
The cult fashion collective is leaving Paris for a ‘clean slate’ — and a favourable tax regime — in Switzerland’s largest city.
Why Vetements is Moving to Zürich
The cult fashion collective is leaving Paris for a ‘clean slate’ — and a favourable tax regime — in Switzerland’s largest city.
Financial Markets
A Swinging Birkin Bag Can Swat Away US Border Tax Plan
The mooted US Border Adjustment Tax would penalise companies that manufacture overseas and is intended to promote American jobs.
A Swinging Birkin Bag Can Swat Away US Border Tax Plan
The mooted US Border Adjustment Tax would penalise companies that manufacture overseas and is intended to promote American jobs.
Financial Markets
Trump Tells Retail Executives Tax Overhaul Plan Is Coming Soon
The proposed overhaul of the corporate tax code would reward companies that sell products outside the US while punishing ones that rely on low-cost overseas suppliers.
Trump Tells Retail Executives Tax Overhaul Plan Is Coming Soon
The proposed overhaul of the corporate tax code would reward companies that sell products outside the US while punishing ones that rely on low-cost overseas suppliers.
Financial Markets
Report: Retail CEOs Head to Washington to Try to Kill US Border Tax
Their input has more urgency as US President Donald Trump is finalising his own tax plan that he plans to unveil in the coming weeks.
Report: Retail CEOs Head to Washington to Try to Kill US Border Tax
Their input has more urgency as US President Donald Trump is finalising his own tax plan that he plans to unveil in the coming weeks.
Financial Markets
The Real Dangers of Border Adjusted Tax for Fashion
The proposed reforms could cripple any American fashion brand reliant upon importing goods and services from abroad.
The Real Dangers of Border Adjusted Tax for Fashion
The proposed reforms could cripple any American fashion brand reliant upon importing goods and services from abroad.
Financial Markets
Italian Fashion Industry Hopes to Avert Additional US Tax
Carlo Capasa said that Italian luxury imports to the United States are currently taxed at an average rate of 20 percent.
Italian Fashion Industry Hopes to Avert Additional US Tax
Carlo Capasa said that Italian luxury imports to the United States are currently taxed at an average rate of 20 percent.
The News in Brief
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.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.