Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Brussels, Belgium
Retail
EU Probes Shein Over Sale of Illegal Products, Addictive Design
A formal investigation into the Chinese online retailer has been opened due to concerns over the sale of illegal products and the platform’s potentially addictive design.
EU Probes Shein Over Sale of Illegal Products, Addictive Design
A formal investigation into the Chinese online retailer has been opened due to concerns over the sale of illegal products and the platform’s potentially addictive design.
Retail
Brussels Wants to Accelerate Crackdown on Cheap Chinese Parcels
Brussels is proposing to accelerate the removal of the €150 ‘de minimis’ customs threshold for parcels entering the EU, mostly from China.
Brussels Wants to Accelerate Crackdown on Cheap Chinese Parcels
Brussels is proposing to accelerate the removal of the €150 ‘de minimis’ customs threshold for parcels entering the EU, mostly from China.
Luxury
Gucci, Chloé and Loewe Fined Over $182 Million by EU for Anticompetitive Pricing Practices
The EU Commission said the luxury brands fixed resale prices, violating competition rules.
Gucci, Chloé and Loewe Fined Over $182 Million by EU for Anticompetitive Pricing Practices
The EU Commission said the luxury brands fixed resale prices, violating competition rules.
Sustainability
EU Parliament Plans More Cuts to Sustainability Rules
Brussels is in the process of negotiating changes to flagship regulation that would make big fashion brands more accountable for environmental and labour abuses in their supply chains.
EU Parliament Plans More Cuts to Sustainability Rules
Brussels is in the process of negotiating changes to flagship regulation that would make big fashion brands more accountable for environmental and labour abuses in their supply chains.
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Sustainability
EU Will Delay Anti-Deforestation Law by Another Year, Commissioner Says
The landmark policy aims to ban imports of products like leather and palm oil that could be linked to deforestation.
EU Will Delay Anti-Deforestation Law by Another Year, Commissioner Says
The landmark policy aims to ban imports of products like leather and palm oil that could be linked to deforestation.
Retail
Zalando Loses Court Fight Against Landmark EU Online Content Rules
The online fashion retailer’s legal loss supports the EU’s push to hold online platforms more accountable for illegal and harmful content.
Zalando Loses Court Fight Against Landmark EU Online Content Rules
The online fashion retailer’s legal loss supports the EU’s push to hold online platforms more accountable for illegal and harmful content.
Retail
EU Says Temu in Breach of Rules to Prevent Sale of Illegal Products
The Chinese e-commerce giant could be facing up to 6 percent of global turnover for endangering consumers.
EU Says Temu in Breach of Rules to Prevent Sale of Illegal Products
The Chinese e-commerce giant could be facing up to 6 percent of global turnover for endangering consumers.
Technology
EU Charges Amazon With Distorting Online Retail Competition
The European Commission has been investigating the e-commerce giant since July last year following complaints from traders about the company's practices.
EU Charges Amazon With Distorting Online Retail Competition
The European Commission has been investigating the e-commerce giant since July last year following complaints from traders about the company's practices.
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Global Markets
The EU Opens Trade Doors for Vietnam and Shuts Out Cambodia
The deal rewards Hanoi for its progress on labour guarantees with a 99 percent reduction in tariffs, while sanctioning Phnom Penh for human rights abuses.
The EU Opens Trade Doors for Vietnam and Shuts Out Cambodia
The deal rewards Hanoi for its progress on labour guarantees with a 99 percent reduction in tariffs, while sanctioning Phnom Penh for human rights abuses.
News & Analysis
EU Agrees to January 31 Brexit Extension
UK Prime Minister Boris Johnson, who had pledged to deliver Brexit on October 31, 2019, had to request a postponement after parliament down-voted his proposed timetable for ratifying his withdrawal agreement bill.
EU Agrees to January 31 Brexit Extension
UK Prime Minister Boris Johnson, who had pledged to deliver Brexit on October 31, 2019, had to request a postponement after parliament down-voted his proposed timetable for ratifying his withdrawal agreement bill.
News & Analysis
EU Could Approve Boris Johnson’s Brexit Extension Request by Friday
The bloc's approval isn’t automatic and requires the unanimous agreement of national leaders from all 27 member states.
EU Could Approve Boris Johnson’s Brexit Extension Request by Friday
The bloc's approval isn’t automatic and requires the unanimous agreement of national leaders from all 27 member states.
Sustainability
European Trade Policy Seen Going Greener After EU Parliament Vote
The rise of the Greens, the effect of a young Swedish climate activist and the entry of French President Emmanuel Macron's party into the European Parliament are likely to result in a more climate-oriented EU trade policy.
European Trade Policy Seen Going Greener After EU Parliament Vote
The rise of the Greens, the effect of a young Swedish climate activist and the entry of French President Emmanuel Macron's party into the European Parliament are likely to result in a more climate-oriented EU trade policy.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.