The News In Brief
Shein Makes Low-Key Return to India With Ambani After 2020 Ban
The retailer has resumed operations in India through a partnership with Reliance Industries, re-entering the market after a 2020 ban with its app now available in select cities.
Shein to Face EU Consumer Law Probe Under E-Commerce Crackdown
The ultra-fast-fashion company faces potential fines as the European Union prepares to launch a probe into its compliance with consumer laws over the sale of illegal products.
Amy Powney Departs Mother of Pearl to Launch New Brand
The sustainable fashion pioneer and creative director will debut her new label, Akyn, in May.
L’Oréal Sells €3 Billion of Sanofi Stock Back to Drugmaker
The company said the transaction will “optimise” its balance sheet, clearing the way for possible further acquisitions or future share buybacks.
EU to Make E-Commerce Platforms Liable for Unsafe Goods
The European Union is planning to make e-commerce platforms such as Temu, Shein and Amazon liable for dangerous or illegal products sold online.
Trump Tariffs Target Loophole Used by Chinese Online Retailers
President Donald Trump’s new trade levies against China, Canada and Mexico include a broadside against e-commerce, with apparent plans to extinguish a long-held tariff exemption for packages worth less than $800.
Mexico, Canada and China Hit Back Against Trump’s Trade Tariffs
The three countries have vowed to retaliate against new US tariffs announced on Saturday by President Donald Trump which impose a 25 percent levy on imports from Mexico and Canada and a 10 percent additional levy on China starting Tuesday.
US Inflation Rise in December; Consumer Spending Accelerates
US prices rose in December while consumer spending surged, signalling that the Federal Reserve may delay interest rate cuts for a while amid persistent inflationary pressures and robust economic activity.
Deckers Outdoor Raises Annual Net Sales Target for Second Time on Robust Demand
The company’s margins were aided by full-price sales of Hoka running shoes, which have been steadily gaining market share from Nike and Adidas.
Ferragamo’s Sales Down 4% in Fourth Quarter
Sales in the North American region, which accounted for 29 percent of total revenue, were up 6.3 percent in the quarter.
Louis Vuitton to Be Title Sponsor of Australian F1 GP
The LVMH brand will have prominent trackside signage at the March 16 race, whose official title will be the Formula One Louis Vuitton Australian Grand Prix.
Puig Posts 14% Rise in Holiday Sales
The Barcelona-based company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier said net sales for the three months to Dec. 31 were 1.36 billion euros ($1.42 billion).