Western luxury goods line Russian stores after three years of sanctions
By AFP Published January 1, 2025 Despite an avalanche of Western sanctions and a large number of brands leaving Russia…
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China's December factory activity expands at slower pace as trade risks rise
By Reuters Published January 1, 2025 China's manufacturing activity grew for a third straight month in December, but barely, an…
Mexico presents new tariffs; Popular e-tailers like Shein and Temu may be in the crosshairs
By Reuters Published January 1, 2025 Mexico's tax authority, SAT, issued new tariffs on Tuesday, which it said will strengthen…
Zalando Trend Rewind says mafia wife, snotty summer and sports and fashion will dominate 2024
Published December 19, 2024 Zalando has looked ahead to 2024 based on data generated by its platform and has introduced…
Indonesian Supreme Court upholds Sritex bankruptcy ruling
By Bloomberg Published December 19, 2024 Indonesia's Supreme Court has upheld the bankruptcy ruling of struggling textile company PT Sri…
Mexico raises tariffs up to 35% to support jobs in the textile sector
By Bloomberg Published December 20, 2024 Mexico has increased tariffs by up to 35% on products that could affect its…
Luxury brands are betting on lower-priced products to attract middle-class buyers
By Reuters Published December 20, 2024 Faced with a broad decline in demand for their usual products, including handbags priced…
Japanese Wajima artisans see hope in disaster-hit region (#1688809)
By AFP Published December 30, 2024 Lacquer maker Takaho Shoji leans over his desk in the disaster-stricken city of Wajima…
French billionaires suffer biggest hit in history as luxury goods crash (#1688784)
By Bloomberg Published December 29, 2024 For France's biggest billionaires, 2024 was a year to forget as their combined fortunes…
Nordstrom family to take chain private in $6.25 billion deal (#1688293)
By Bloomberg Published December 23, 2024 Nordstrom Inc. will go private in an all-cash transaction valued at about $6.25 billion…