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Young creators face cost dilemma at London Fashion Week

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.
Fashion
Lab-grown diamonds put natural gems under pressure

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.
Luxury
EU opens formal investigation into TikTok over possible online content breaches

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

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?

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.
Fashion
Retailers demand more action from EU to resolve Red Sea crisis

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.
Fashion
Alibaba's impact on European brands targeting China

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.
Fashion
Galeries Lafayette: future of 26 French franchised stores to be finally decided on February 21

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.
Fashion
Stefano Tonchi and Sharon Waxman launch TheWrapBook

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.
Luxury
Hermes vs Hermes: Turkish bookseller takes on French giant

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.
Luxury
Blackstone said to consider bid for skin-care company L’Occitane

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. 
Beauty
EU confirms guidelines on forced labour ban amidst criticism

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.
Fashion
Galeria Karstadt Kaufhof begins investment process

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.
Fashion
In Germany, KaDeWe Group initiates insolvency proceedings

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.
Fashion
Humans still cheaper than AI in vast majority of jobs, MIT finds

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 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".