L’Oréal Joins Forces With Nykaa to Invest in Indian Beauty Brands
BOLD, the French conglomerate’s venture capital fund, will collaborate with retailer Nykaa to invest in the next generation of Indian beauty brands.
legal
News & Analysis
Storm at Anti-Counterfeiting Group After Alibaba Joins
Controversy over Alibaba's admittance into the IACC has intensified after board members received an anonymous email threatening a mass defection unless Alibaba is pushed out.
Technology
Wal-Mart Sues Visa Over Chip-Enabled Debit Cards
Wal-Mart Stores Inc. has sued Visa Inc., charging that the payment network is not allowing the retail giant to let customers verify chip-enabled debit card transactions with what it believes is a more secure method: personal identification numbers.
China
Gucci Sorry for Warning to Hong Kong Funeral Offering Shops
Gucci and its parent company have apologised after drawing heavy criticism for warning some Hong Kong shops not to sell paper offerings for the deceased that resembled the fashion brand's luxury products.
Technology
China Regulator to Launch Campaign to Clean Up E-Commerce, Online Ads
Chinese authorities will launch a campaign to clean up e-commerce — targeting trademark violations, counterfeit and poor quality products and the faking of transactions to boost a merchant's online rankings.
News & Analysis
Ferragamo SpA Sues Ex-LA Rams Quarterback Over Same-Name Winery
Salvatore Ferragamo SpA has sued former Los Angeles Rams football quarterback Vince Ferragamo, saying he infringed its trademarks by operating his namesake winery in southern California.
China
Alibaba Weighs Appeal Against HK Panel Ruling That Healthcare Deal Broke Takeover Code
Chinese e-commerce giant Alibaba Group Holding Ltd said it's considering whether to launch an appeal against a Hong Kong regulator's finding that it breached takeover rules by buying an effective majority stake in a healthcare firm in 2014 without extending the offer to all of its shareholders.
News & Analysis
German Court Rejects Adidas Bid to Block New Puma Shoes
A German court has rejected an attempt by Adidas to stop its smaller rival Puma from selling a new line of shoes with light-weight, bouncy soles similar to its popular "Boost" brand.
China
China's Grey Luxury Market Threatened by New Tax Regime
China is raising fees on packages ordered from abroad and cracking down on smugglers who carry in suitcases full of luxury goods, in a concerted effort to encourage shopping at home and squeeze a grey market that shoppers use to avoid tax.
News & Analysis
Amazon’s Italy Chief Says Company Under Probe For Tax Evasion
Amazon.com Inc. is under investigation in Italy for alleged tax evasion, Francois Nuyts, Amazon’s chief for Italy and Spain, said in an interview Tuesday.
News & Analysis
The Copycat Economy
Do knockoffs harm the fashion business? Or does copying keep the wheels of the industry turning?
The News in Brief
Private Equity Firm Inflexion Invests in Manucurist
The European investor, which previously backed Medik8, has taken a 49 percent stake in the premium French nail line.
H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.
Record Global Fibre Production Pushes Fashion’s Environmental Footprint Higher
Planet-warming emissions associated with the raw materials used to make fashion, footwear and home textiles have risen 30 percent since 2019, according to a new report.