A new report from Rakuten shows that marketers in the UK, France and Germany see international growth as their top priority for 2020, perhaps as a reaction to muted opportunities at home.The company spoke to 610 marketers in the luxury fashion, mainstream fashion, retail, travel and finance industries and found that despite Brexit and trade wars raising the spectre of higher tariffs for exports…
Read moreThe French parliament infuriated the administration of President Donald Trump in July by adopting a law taxing digital firms like Google, Apple, Facebook and Amazon for revenues earned inside the country.Talks to resolve the issue have so far failed, and on Monday Washington threatened to impose tariffs of up to 100 percent on $2.4 billion in French goods including handbags, cosmetics and champ…
Read moreBack in 2002, France passed a law stipulating that the word ‘diamond’ can only be used to identify a natural diamond, and that French retailers are obliged to use the ‘synthetic’ designation to describe stones that are “entirely or partly man-made.” Also, the term ‘laboratory diamond’ could only be used outside France.Following a request by a company active in the synthetic diam…
Read moreThe contracts include the direct purchase by L’Oreal Group of electricity from renewable sources with EDF Renouvelables under a Corporate Power Purchase Agreement (C-PPA), from the production of two solar farms aggregated by EDF’s subsidiary Agregio.They also include an electricity supply contract with EDF over 2024 and 2025 to supply L’Oréal’s production sites in France, including volume from…
Read moreDesigned to foster sustainable fashion skills and develop new business models, the three-year initiative is funded by Erasmus+, the EU’s programme for education, training and youth.Glasgow Caledonian University will be working with industry partners to develop intensive study workshops for students and staff within the fashion industryคำพูดจาก Read more
These concerns are especially focused on young Chinese consumers. Not only because China has been one of the main growth drivers for the luxury sector in recent years, but also because consumers of high-end products in the world’s second-largest economy are younger than those in other countries. The global average age for luxury consumers is 38, but it is a decade less in China.Young adults t…
Read moreThe customer who filed the complaint, Victor Bondi, sued the Maine-based retailer, calling their policy changes deceptive, and sought to certify his lawsuit as a class action. The judge, however, disagreed, writing in the order dismissing the case that the changes to LL Bean’s return policy were potentially ambiguous but that “ambiguity[…] does not amount to anticipatory repudiation.”The …
Read more“We are prepared for this scenario,” an EU official said describing the bloc’s contingency preparations.As British Prime Minister Theresa May battles to keep control of Brexit and her own job, the EU has stepped up pressure on London, pushing the message that the bloc is ready for an abrupt split.The officials, who have toured the 27 states remaining in the EU after Brexit to coordinate p…
Read moreThe Canadian athletic apparel maker said Peloton used the extra time it was given to respond to a cease-and-desist letter to instead file the lawsuit, which “served only one purpose — to deprive Lululemon of its choice of venue.”Lululemon said it supplied Peloton-branded clothing from 2016 until Peloton started its own apparel line last year. It told Peloton in November that its bras and legg…
Read moreWith the removal of zoning laws that have protected the industry for decades, manufacturers will face the choice of having to move to a 200,000-square-foot industrial space (currently under renovation) with lower rent and a longer lease. While factories will receive some financial assistance for relocation costs, the concern is that the new location presents itself with unfavorable transportati…
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