Britain asks for interim customs deal with EU, new trade deals post-Brexit

According to excerpts of a government document to be published on Tuesday setting out Britain’s strategy, the government will say one option to minimise friction when it leaves the bloc in March 2019 would be to introduce a temporary customs union which should be “time-limited”.That would provide certainty for businesses, the government said, aiming to address a main concern of companies who fe…

Read more

Chanel continues Italian acquisition spree with footwear manufacturer Ballin

Chanel has confirmed to FashionNetwork.com that it has “bought a majority stake in luxury footwear manufacturer Ballin,” of which the label is “one of the main clients.” Chanel and Ballin have been working together for a number of years and, according to Chanel, “this investment heralds a more durable collaboration, giving continuity to a well-established relationship.”In a press re…

Read more

Citigroup cannot recoup Revlon payouts after nearly $900 million gaffe- U.S. judge

U.S. District Judge Jesse Furman in Manhattan said the Augคำพูดจาก สล็อตเว็บตรง. 11, 2020, transfers were “final and complete transactions, not subject to revocation.”Citigroup plans to appealคำพูดจาก

Read more

EU agrees first part of coronavirus economic rescue, but job not done yet

Finance ministers of the 19-nation region signed off on the details of cheap, long-term credit lines that will be made available by the European Stability Mechanism (ESM), the bloc’s rescue fund, to countries that need cash to cover extraordinary health costs caused by the outbreak.“Reflecting the exceptional nature of the crisis, we have agreed on favourable and adequate financial terms,…

Read more

French tax on internet giants could yield 500 million euros per year

He said the tax would target some 30 companies, mostly American, but also Chinese, German, Spanish and British, as well as one French firm and several firms with French origins that have been bought by foreign companies.The paper listed Google, Amazon, Facebook and Apple (the four so-called “GAFA” companies) but also Uber, Airbnb, Booking and French online advertising specialist Criteo as targe…

Read more

Garnier goes organic in L’Oreal bid to lift mass market sales

The French beauty firm has been investing like peers in bio-friendly ointments to make headway in a fast-growing niche still dominated by small, specialised companies that got a headstart on larger rivals.But the launch is also part of efforts to revitalise the group’s consumer products division, where growth is slow compared to its thriving luxury brands such as Lancome.

Momentum has fal…

Read more

Asos and Boohoo beat out Zara and H&M with faster production times

In a study conducted by Goldman Sachs, the success of fashion chains is dependent on the time it takes to create a product and get it sold in stores. A shorter timeframe not only allows the companies to better respond to the market and adjust their inventory to trends of the moment, but also lets them produce smaller quantities and reduce their stock. Asos hopes to grown between 30 and 35 perc…

Read more

L’Oréal defeats U.S. woman’s lawsuit over ‘Paris’ product labels

In a decision on Monday, U.S. District Judge Analisa Torres in Manhattan said L’Oreal’s referring to “Paris” and sprinkling French words on packaging would not deceive reasonable consumers about where its shampoo, mascara and other products came from.The plaintiff, Veronica Eshelby, claimed she had not noticed the fine print before learning that the products she bought were manufactured in L’Or…

Read more

Mason Rothschild loses Hermes lawsuit over NFT handbags

The sentence, issued by a jury in a New York federal court, is seen as a landmark case in the hot debate over intellectual property rights and non-fungible tokens.NFTS, which became popular in early 2021, are digital works that cannot be replaced with anything else or modified and are therefore unique.

Each has a digital certificate of authenticity which, in theory at least, cannot be tam…

Read more

Rain and consumer caution dent UK footfall again

Overall, visitor traffic to stores was down 3.2% year-on-year, which was worse than the September drop and trended below the three- and 12-month averages.It’s interesting through that the biggest fall this time wasn’t in shopping centres but on the high street instead. High street footfall dropped 4.9% (much worse than the three-month average decline of 2.8%). 

Shopping centre footfa…

Read more