France sees global tax deal on digital giants in 2019

Some 127 countries and territories agreed last month to tackle some of the most disputed issues of international taxation, such as where digital firms’ cross-border income should be taxed.France has spearheaded efforts at the EU and on the international level to change rules that currently enable companies such as Facebook and Google to reduce their tax bills by booking revenue in low-tax cou…

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Gant partners with Waterkeeper Alliance in ocean plastic recovery efforts

The long-term partnership will have Gant fund and support a series of initiatives that patrol rivers, streams and coastlines on six continents. Its first project will be to support Waterkeeper Alliance’s Ocean Plastic Recovery Initiative in its expansion in the Nicoya Peninsula in Costa Rica.“With fashion production contributing to the pollution of our waterways, we need to be more consciou…

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Luxury industry mergers & acquisitions up 22% in 2018 according to Deloitte

In fashion in particular, 2018 was marked by the resounding €1.83 billion acquisition of Italian label Versace by US group Michael Kors, which then changed its name to Capri Holdings. It is worth noting that 2017 was quite a flat year in terms of merger operations: only six extra deals were recorded compared to 2016, which instead produced 70 more deals than 2015.Top of the ranking for 2018 w…

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Online shift in focus as London retail park converts to warehousing

While retail parks have been the most buoyant UK retail destination types, the survival of many is still in doubt and now the Ravenside site in Edmonton is to be converted after its acquisition by Prologis. It’s worth more to the owner as a distribution hub for all those e-tailers that need vast warehouses to service their webstores. Pureplays like Amazon, Argos, Boohoo and Asos are snapping…

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MMU and Manchester authority link up for fashion waste task force

Called the ‘GM Sustainable Textiles and Fashion Group’, it will include Manchester Metropolitan University experts, the Greater Manchester Combined Authority (GMCA), the Manchester Fashion Institute and fashion and textile companies to find solutions to the region’s growing waste problem. To do this, a range of methods will be explored, including evaluating recycling and sorting practice…

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Hong Kong seizes record $154 mn in luxury goods headed to China

The haul included an array of highly sought-after items such as luxury watches, handbags, cosmetics and fins from endangered marine species.Officials said the goods were worth about HK$1.2 billion ($154 million), by far the largest seizure made by the city’s customs agents.

The operation took place on October 14 when customs discovered what they said was a suspicious vessel that claimed t…

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Pyer Moss creates $50k fund for small business, converts NYC office to donation center on coronavirus

Via Instagram, the brand posted messages – presumably penned by Jean-Raymond, although the author is not directly identified – saying that the Pyer Moss office in New York City will be converted to a donation center for needed medical supplies, particularly masks and latex gloves. “In the last few days; I’ve been getting an influx of messages from medical professionals on the front lines, who …

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Top brands probe ‘union-busting’ as virus spurs sackings at factories in Asia

As the pandemic batters the global economy, numerous Western retailers have cancelled orders or demanded discounts from suppliers in countries such as Cambodia, Myanmar and Thailand, leading to many workers going without pay or being sacked.Unions and activists in the region said factory bosses were targeting and firing union members while keeping on non-unionised workers, and feared that the o…

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Amazon loses trademark appeal over ‘targeting’ UK shoppers

The U.S. tech giant was found in 2022 by London’s Court of Appeal to have infringed the trademarks. Amazon appealed last year to the United Kingdom’s Supreme Court, which unanimously ruled that its U.S. website was “targeting consumers in the UK”.Amazon declined to comment on “ongoing proceedings”.

Intellectual property lawyers said the ruling could affect all online retailers, who would …

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Unilever to invest €1 billion in climate change fund over 10 years

Unilever, the Anglo-Dutch consumer products company whose brands include Dove soap and Knorr soup, said it was responding to the “scale and urgency” of the climate change crisis.The fund will invest in projects including reforestation, water preservation and carbon sequestration over the next ten years, it said.คำพูดจาก Read more