As UK works on lockdown exit plan, coronavirus sends business confidence into record fall
The quarterly survey of chief financial officers at more than 100 of Britain’s largest businesses showed the biggest drop in confidence since it began in 2007, and…
Gen Z is over celebrity glitz; wants transparency and authenticity
For the first time, five generations of consumers now coexist on the luxury market. Currently, the youngest of these demographics, Gens Y and Z, represent around 30%…
Ikea stores owner Ingka plans 600 million euros in sustainability investment
The plan is to spend a third on renewable energy, a third on stakes in innovative start-ups, and a third on making its stores and warehouses more…
Hanjin scrambles to prevent ship seizures as more vessels blocked
As of Monday, 79 Hanjin ships including 61 container ships and 18 bulk carriers have been denied port access, according to South Korea’s maritime ministry. That figure…
Greg Alterman wants to launch unisex fashion brand
Greg Alterman is known for his casual line of clothing Alternative Apparel and the Goop-endorsed Los Angeles juice bar Juice Served Here. His latest project m/f people…
Italian regulator investigates diamond sales through bank branches
State channel Rai3 said in October that several banks sold diamonds as financial products in bank branches at twice the market price. It also showed a bank…
Kat Von D sells namesake beauty brand to Kendo, steps down
The beauty brand, which first launched in 2008, will now be completely owned by Kendo and will be rebranded as KVD Vegan Beauty, effective immediately. As part…
John Lewis sets aside 36 million pounds for possible breach of wage rules
The John Lewis Partnership, owner of the John Lewis department store chain and upmarket Waitrose supermarkets, said on Tuesday that while its contractual hourly rates of pay…
Indian textile workers demand enforcement of 30% pay hike
In July, the Madras High Court ordered a pay rise of up to 30 percent for hundreds of thousands of garment workers in Tamil Nadu, but appeals…
Guess prioritizes consumers and product in new long-term plan
The Los Angeles-based company listed five strategic priorities that it will be carrying forward for the next five years. Among these, Guess will be following current industry…