Global fashion industry suffers adverse pandemic impact in 2020

This revenue slump is five-times worse than the 4.3% shortfall suffered in the same period by major international industrial groups. A decline caused by the lockdown measures introduced worldwide at the peak of the pandemic, which led to the closure of countless stores, to a halt in international exchange and the collapse of tourism.In the first nine months of 2020, the fashion market in Europe…

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Google in last ditch effort to overturn $2.6 billion EU antitrust fine

Google turned to the Court of Justice of the European Union (CJEU) after the General Court in 2021 threw out its challenge to the fine levied by EU antitrust chief Margrethe Vestager in 2017.It was the first of three penalties for anti-competitive practices that have cost Google 8.25 billion euros in total in the last decade.คำพูดจาก Read more

Global textile recycling threatened by new Chinese legislation

The warning comes from the Institute of Scrap Recycling Industries (ISRI), a US body which is an authority in the sector. ISRI underlined how Chinese legislation has gradually become more restrictive, intervening for example on neon lighting in 2007 and electronic products in 2013. Faced with a dramatic increase in domestically generated waste, Beijing’s objective is to avoid worsening China’…

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Moda Operandi receives $100 million in new capital

The company said it will use the funds to continue to invest in its core client experience, innovative shopping model, unique curation of fashion, fine jewelry, and home decor, as well as the data and technology systems that power the Moda platform. The new infusion brings Moda Operandi’s total equity capital raised to date to $345 million. In addition to NEA and Apax, the round received par…

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Filippa K to be first to use new -game-changing- recycled material

The new material is made from a combination of textile waste and wood cellulose, and Filippa K called it a “revolutionary pilot fibre”. It’s a product of “groundbreaking” OnceMore pulp technology from Södra, and Refibra technology from Lenzing, with Riopele’s “creative expertise in yarn and fabric production” being added into the mix.Robert van de Kerkhof, Chief Commercial Offi…

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More casual clothes enter UK’s post-Covid price index

British people have bought more casual clothing suited to working from home and fewer formal outfits, and spending on home exercise equipment has boomed with gyms closed, the Office for National Statistics said.”The need for hygiene on the go has seen the addition of hand sanitiser, now a staple item for many of us,” the ONS’s head of economic statistics, Sam Beckett, said.”A more casual appr…

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Bankruptcy court approves terms of BCBG offer

The U.S. Bankruptcy Court specifically approved Global Brands and Marquee’s bid to assume BCBG’s intellectual property rights. The label’s intellectual property was a key asset for Global Brands and Marquee who plan to license the name across new categories and markets.Additionally, the court approved the plan to continue operating 20 brick and mortar retail stores across Los Angeles.

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Supreme quashes confusion about partnership between Samsung and knock-off brand

“Supreme is not working with Samsung, opening a flagship location in Beijing or participating in a Mercedes-Benz runway show,” the streetwear brand said via an Instagram story. “These claims are blatantly false and propagated by a counterfeit organization.” The statement comes after Samsung partnered with Supreme Italia, a brand launched by International Brand Firm (IBF) and based in Barletta,…

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Social marketing to take a hit over the holidays but mobile shopping still going strong

 Social traffic is expected to generate 11% less revenue per visit (RPV) for brands in the fourth quarter of this year compared to Q4 2016, while shoppers are also expected to consult social media 25% less to find gift ideasคำพูดจาก เว็บสล็อตเ. Adobe attributes this decline to decrease…

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Mexico expects meeting of ministers to decide scope of NAFTA deal basics

Ildefonso Guajardo told Mexican radio he would travel to Washington on Wednesday for ministerial talks, adding that the United States was looking for a “quick solution.”He added, “We’ve made a lot of progress, but on the complex issues, well, it looks like there’s a willingness to be flexible.”

Ministers and negotiating teams have been meeting for weeks to try to narrow their differences,…

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