Beiersdorf Sales Slightly Miss Expectations on Nivea Weakness
The German consumer goods maker marginally missed market expectations for third-quarter sales growth on Tuesday, with its key Nivea brand posting a third straight quarterly sales decline.
counterfeiting
News & Analysis
Consumers Say Makeup Bought on Wish App Caused Ailments
The e-commerce app traffics in low-cost goods, but some shoppers got more than they anticipated.
News & Analysis
EU in Agreement with Amazon, eBay to Tackle Dangerous Product Listings
AliExpress, Amazon, eBay and Rakuten-France committed to the pledge as part of broader Commission efforts to tackle an array of dangerous or illegal content online.
Technology
Bits & Bytes | Inside Amazon’s Private Labels, The Supreme Court E-Commerce Tax
This week, a Supreme Court decision challenges the status of e-commerce retailers, while Amazon quietly promotes its in-house products to consumers.
Retail
Social Goods | Amazon's Diversity Pledge, New Look Accused of 'Fat Tax'
This week, Amazon pledges to include women and minority candidates in its board search, while New Look reviews prices amid 'fat tax' row.
Luxury
Why Russia Loves Counterfeit Fashion
In a new documentary, Highsnobiety explores Moscow's growing obsession for fake goods from designers including Louis Vuitton, Gucci and Adidas.
Sustainability
Social Goods | China's Centre to Tackle Fakes, Street Style Is Killing Itself
This week, China launches a luxury brand appraisal centre to tackle fakes, while street style's focus on thin white women is excluding minorities.
China
Alibaba's Taobao Again on U.S. Blacklist List for Fakes
While Taobao's inclusion does not carry any direct penalties, it is a blow to Alibaba's efforts to shed perceptions that its sites are riddled with fakes and that its anti-piracy policies are inadequate.
News & Analysis
Finding Fakes With a Smartphone and a Microscope
A New York startup says it has a technology that can spot counterfeits without the guesswork.
News & Analysis
Kering and Alibaba Join Forces in Battle Against Counterfeits
As part of the agreement, Kering has dropped a lawsuit against Alibaba and agreed instead to co-operate on safeguarding their intellectual property rights.
News & Analysis
Paytm Culls 85,000 Sellers in Bid to Avoid Fakes and Build Consumer Trust
Paytm Mall, the latest entrant into India’s online retailing market, de-listed thousands of suspect sellers from its platform to avoid backer Alibaba's reputation as a haven for fakes.
Retail
Amazon to Expand Counterfeit Removal Program in Overture to Sellers
The move reflects Amazon's efforts to court increasingly important third-party sellers.
China
Alibaba's Jack Ma Wants Serious Jail Time for Counterfeiters
In an open letter, Ma said enforcement had been too lax and the authorities should raise maximum prison sentences and other penalties to deter illegal profiteers.
The News in Brief
Audemars Piguet to Certify Its Pre-Owned Watches Following Rolex
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.