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…
Made-in-Mexico fashion is here to stay
In an interview with FashionNetwork.com, Anuar Layón, a Mexican menswear and womenswear designer who grabbed the headlines in 2016 for his ‘Mexico is the shit’ bomber jacket,…
Louis Vuitton to ramp up production in France with 2 new sites
“We are at the end – I hope – of an economic crisis, I hope a geopolitical crisis won’t reach us – but we’ve managed to get…
Luxury industry challenged by disruptive surge of young clientèle
The pace of generational change picked up in 2020, and the shift is expected to contribute to 180% of the luxury market’s growth in the next five…
London’s financial district urges fast action on EU trade terms
Banks, asset managers and clearing houses in Britain currently serve customers across the EU under a passport system that give access to the single market if they…
Fashion is biggest loser as UK retail sales plunge
As the month morphed from urging consumers to maintain social distancing into a complete lockdown, in-store like-for-like sales plummeted by a record 34.1%. And total like-for-like sales,…