JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
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
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.
Mco Parent VidaCorp Rebrands to Axia Beauty Group
The company, which also owns brands Nude by Nature and Poni, also announced its new global headquarters and chief marketing officer.
Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.
Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.