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Social commerce

Gucci, Facebook file joint lawsuit against alleged counterfeiter

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Fashion & accessories

Fashion designer Alber Elbaz has died

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Sustainability

Amazon to let Whole Foods customers pay by palm print

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Workforce

Garment workers ‘owed millions’ in pandemic severance pay

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Online marketplaces

Alibaba fined US$2.75bn for anti-monopoly violations by Chinese regulators

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Store design

New York store keeps neon dream alive for 50 years

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Mobile commerce

South Korea’s LG becomes first major smartphone brand to withdraw from market

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Financial

Burberry – the first luxury brand to suffer Chinese backlash over Xinjiang

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Workforce

‘Home nesting’ spending to keep rising post-pandemic, says McKinsey

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Financial

Fashion giant H&M’s sales recover in March as stores reopen after lockdowns

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Luxury

Prada bags sales boost from China rebound, online shift

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Financial

Inditex’s net profit falls 70 per cent as pandemic keeps many shops closed

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Fashion & accessories

Fashion giant H&M pauses placing new orders in Myanmar

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Financial

Aerie powers American Eagle to best first-quarter sales in three years

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Payments

Klarna funding round makes it Europe’s most valuable startup at US$31bn

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Financial

Gucci owner Kering invests in resale platform Vestiaire Collective

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Fashion & accessories

Sales at Kering’s Gucci luxury brand fall on Covid-19 hit

Reuters
Sports & adventure

Adidas starts formal process of quitting struggling Reebok

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Fashion & accessories

LVMH, Rihanna ‘suspend’ Fenty fashion label

Reuters
Financial

Apple revenue accelerates after record iPhone sales, China strength

Reuters