From the author
Garment workers ‘owed millions’ in pandemic severance pay
"The long-term problem of repeated severance theft in the garment industry has reached a brutal crescendo during Covid-1...
Alibaba fined US$2.75bn for anti-monopoly violations by Chinese regulators
E-commerce giant has been "abusing market dominance" since 2015 by preventing its merchants from using other online e-co...
New York store keeps neon dream alive for 50 years
From a cross-legged Ronald McDonald to a martini glass replete with olive, classic neon signs fill Let There Be Neon, a ...
South Korea’s LG becomes first major smartphone brand to withdraw from market
Its decision to pull out will leave its 10 per cent share in North America, where it is the No. 3 brand.
Burberry – the first luxury brand to suffer Chinese backlash over Xinjiang
China on Friday sanctioned organisations and individuals in the United Kingdom over what it called "lies and disinformat...
‘Home nesting’ spending to keep rising post-pandemic, says McKinsey
With many high-earning employees not expected back in the office full-time, the 'home nesting' that became a feature of ...
Fashion giant H&M’s sales recover in March as stores reopen after lockdowns
The world's second-biggest apparel retailer said on Monday net sales fell 27 per cent from a year earlier.
Prada bags sales boost from China rebound, online shift
Sales in Mainland China surged 52 per cent and in Taiwan by 61 per cent.
Inditex’s net profit falls 70 per cent as pandemic keeps many shops closed
Fourth-quarter net profit fell 53% to 435 million euros out of sales of 6.3 billion euros as restrictions on shopping ca...
Fashion giant H&M pauses placing new orders in Myanmar
Police and military have killed more than 50 people to quell daily demonstrations and strikes against a Feb.
Aerie powers American Eagle to best first-quarter sales in three years
The apparel retailer has been doubling down on investments in its Aerie brand, which includes comfortable leggings and b...
Klarna funding round makes it Europe’s most valuable startup at US$31bn
Swedish payments firm Klarna has nearly tripled its valuation in less than six months.
Gucci owner Kering invests in resale platform Vestiaire Collective
The purchase is part of a 178 million euro financing round which valued Vestiaire Collective at more than $1 billion.
Sales at Kering’s Gucci luxury brand fall on Covid-19 hit
Sales at Kering’s star Gucci fashion brand fell more than expected in the fourth quarter as the Covid-19 pandemic kept c...
Adidas starts formal process of quitting struggling Reebok
A banking source said the business could be worth around 1 billion euros US$1.2 billion.
LVMH, Rihanna ‘suspend’ Fenty fashion label
Louis Vuitton owner LVMH and music star Rihanna have agreed to suspend her fashion line Fenty less than two years after ...
Apple revenue accelerates after record iPhone sales, China strength
Apple shipped its iPhone 12 lineup several weeks later than usual, but an expanded number of models and new look tapped ...
Starbucks global sales fall despite Chinese boost
Sales in China rise by 5 per cent, but Covid impacts other markets.
More carats and sparkle: How LVMH plans to change Tiffany
Reuters was told the owner of Louis Vuitton would also likely revamp the appearance of the jeweller's stores and boost i...
International: Circle K parent drops bid to buy Carrefour, but companies will partner
Canada’s Alimentation Couche-Tard has dropped its US$19.6 billion bid to acquire European retailer Carrefour SA after th...
