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.
workers-rights
Luxury
Italian Regulator Fines Giorgio Armani €3.5 Million for Unfair Commercial Practices
The fashion group and one of its units ‘issued misleading ethical and social responsibility statements in contrast with the actual working conditions found at suppliers and subcontractors,’ Italy’s antitrust regulator said.
Italian Regulator Fines Giorgio Armani €3.5 Million for Unfair Commercial Practices
The fashion group and one of its units ‘issued misleading ethical and social responsibility statements in contrast with the actual working conditions found at suppliers and subcontractors,’ Italy’s antitrust regulator said.
Luxury
How Loro Piana Was Linked to Labour Exploitation
LVMH’s high-end cashmere firm cultivated unassailable luxury credentials with its commitment to quality and craft. According to Italian prosecutors, thousands of its cashmere jackets were made in illegal, Chinese-owned workshops on the outskirts of Milan.
How Loro Piana Was Linked to Labour Exploitation
LVMH’s high-end cashmere firm cultivated unassailable luxury credentials with its commitment to quality and craft. According to Italian prosecutors, thousands of its cashmere jackets were made in illegal, Chinese-owned workshops on the outskirts of Milan.
Luxury
LVMH’s Loro Piana Put Under Court Administration in Italy Over Labour Exploitation
The Italian cashmere firm has been placed under judicial administration for a year due to alleged worker exploitation and inadequate oversight within its supply chain.
LVMH’s Loro Piana Put Under Court Administration in Italy Over Labour Exploitation
The Italian cashmere firm has been placed under judicial administration for a year due to alleged worker exploitation and inadequate oversight within its supply chain.
Retail
Major UK Investors Join Push for Retail Giants to Pay Workers ‘Real Living Wage’
Investors including Axa and Scottish Widows are backing shareholder resolutions pressing retailers Next, Marks & Spencer and JD Sports to increase pay for thousands of workers.
Major UK Investors Join Push for Retail Giants to Pay Workers ‘Real Living Wage’
Investors including Axa and Scottish Widows are backing shareholder resolutions pressing retailers Next, Marks & Spencer and JD Sports to increase pay for thousands of workers.
Technology
H&M Knows Its AI Models Will Be Controversial
The company expects public opinion to be divided on its plan to use “digital twins” of real models in AI-generated imagery. But the best way to protect models’ jobs and rights in the age of AI, it says, is to bring them into the process.
H&M Knows Its AI Models Will Be Controversial
The company expects public opinion to be divided on its plan to use “digital twins” of real models in AI-generated imagery. But the best way to protect models’ jobs and rights in the age of AI, it says, is to bring them into the process.
China
China Says PVH Engaged in ‘Improper’ Conduct Related to Xinjiang
The country's commerce ministry said it plans to summon the Calvin Klein and Tommy Hilfiger owner in the near future, without elaborating on its allegations.
China Says PVH Engaged in ‘Improper’ Conduct Related to Xinjiang
The country's commerce ministry said it plans to summon the Calvin Klein and Tommy Hilfiger owner in the near future, without elaborating on its allegations.
Retail
Shein Representative Declines to Answer China Cotton Question in UK Hearing
The ultra-fast-fashion retailer has previously said it requires contract manufacturers to only source cotton from approved regions, and that it has a zero-tolerance policy for forced labour.
Shein Representative Declines to Answer China Cotton Question in UK Hearing
The ultra-fast-fashion retailer has previously said it requires contract manufacturers to only source cotton from approved regions, and that it has a zero-tolerance policy for forced labour.
Retail
Uniqlo, Gymshark and Lush Stop Hiring UK Workers via Gig Economy Apps
Following union pressure over concerns that workers were being denied essential employment rights, the retail companies have stopped hiring freelance workers through apps like YoungOnes and Temper.
Uniqlo, Gymshark and Lush Stop Hiring UK Workers via Gig Economy Apps
Following union pressure over concerns that workers were being denied essential employment rights, the retail companies have stopped hiring freelance workers through apps like YoungOnes and Temper.
Retail
UK Lawmakers Summon Shein and Temu for Questioning Over Labour Practices
The committee, chaired by former Labour minister Liam Byrne, is examining the government’s flagship employment rights bill in the context of protections for British workers.
UK Lawmakers Summon Shein and Temu for Questioning Over Labour Practices
The committee, chaired by former Labour minister Liam Byrne, is examining the government’s flagship employment rights bill in the context of protections for British workers.
Luxury
Inside Luxury’s Broken Audit System
LVMH-owned Dior missed glaring problems during an assessment of working and safety conditions in its production arm in Italy last year, according to a review of unpublished court documents.
Inside Luxury’s Broken Audit System
LVMH-owned Dior missed glaring problems during an assessment of working and safety conditions in its production arm in Italy last year, according to a review of unpublished court documents.
Retail
US Port Strike Comes to Temporary End
Dockworkers responsible for unloading shipments on the East and Gulf Coast ports decided to resume wage negotiations suspend their strike until Jan. 19, one day after it commenced.
US Port Strike Comes to Temporary End
Dockworkers responsible for unloading shipments on the East and Gulf Coast ports decided to resume wage negotiations suspend their strike until Jan. 19, one day after it commenced.
Retail
How the US Port Strike Will Impact Fashion
Following the closing of ports on the East and Gulf coasts, which accounts for more than 50 percent of apparel and accessories imported in the US, retailers are left to figure out how to get their goods to their stores and customers ahead of the busiest time of year.
How the US Port Strike Will Impact Fashion
Following the closing of ports on the East and Gulf coasts, which accounts for more than 50 percent of apparel and accessories imported in the US, retailers are left to figure out how to get their goods to their stores and customers ahead of the busiest time of year.
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.